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Brokers are navigating a market where new capacity from underwriters who have waited out the soft market may help dampen price rises. -
The ruling will follow a final, uncontested court hearing on Wednesday.
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The insurer was ordered to pay out for policies by the Western Cape High Court earlier this week.
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The reinsurance CEO says Swiss Re will cut back its US casualty share.
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Liability account move is latest development in ongoing reinsurance buying overhaul.
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The Allianz unit says the experience of the Sars epidemic suggests general liability claims are likely to remain benign.
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Since Covid-19 began to spread in areas with high insurance penetration, the situation has been in constant evolution.
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The executive’s departure from the Willis Towers Watson merger partner follows that of other casualty reinsurance colleagues.
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The changes are part of the carrier’s move to a more regional operating model.
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The transaction covers casualty reserves for the 2009 to 2017 years of account.
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The deal covers subject premium of around $2bn and will run for 18 months.
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His anticipated move to Guy Carpenter follows that of Francis Paszylk to TigerRisk.
