Hannover Re
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The executive predicted a more decisive response at the 1 April renewal.
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The Insider 50 grew by 1.3 percent week on week as the third-quarter earnings season continued
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Reinsurers now have fresh impetus to argue for flat renewals at 1 January.
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The company cut its 2018 net profit forecast to EUR700mn after a number of large industrial losses.
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German (re)insurer Talanx has reduced its 2018 group net profit outlook by EUR150mn ($174mn) to EUR700mn after suffering from a series of large industrial claims and a spate of frequency losses.
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The branch reported gross written premiums of EUR18mn in 2017.
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Vink joins from HDI Global SE, where he was managing director of the Netherlands branch.
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Reinsurers saw marginal improvements in rates at the mid-year renewals.
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The marine reinsurance underwriter will begin his new role on 1 October.
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The German giant is upbeat on property cat, but warns of Irma creep.
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The German reinsurer’s gross written premium rose to $37.8bn to reclaim the top spot in AM Best’s rankings.
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If a German compound noun does not yet exist for a mixture of anxiety and regret sparked by the imminent departure of a long-standing and popular leader, it may be time to coin one.