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Aviation reserve strengthening added 10.1 points to the combined ratio. -
Competition for specialty reinsurance talent remains high.
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The steep reduction in quantum stands to benefit specialty excess of loss reinsurers.
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CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
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The carrier unveiled its launch last week and is hiring across its divisions.
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Capacity will be available to 11 open-market lines of business.
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Many cedants secured aggregate and subsequent coverage at 1 January.
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Reserves are likely to be set following initial court rulings this year.
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The IG said this year had been “more difficult” for the group’s reinsurance partners.
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Chairman Neil Eckert and CEO Trevor Carvey said the outlook for the market remains "very good".
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Swiss Re has retreated from its “escalation clause” for the Middle East.
