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The terrorism pool has shifted its programme from facultative to an XoL arrangement. -
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The company also announced a EUR2bn share buyback.
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CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
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The carrier’s CoR improved across P&C, including at commercial lines-focused Axa XL.
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UK and Ireland GI premiums rose 16% over the year.
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Katie McGrath is appointed CorSo CUO amid a restructure of the unit.
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The carrier increased premium by 7% at the January renewals.
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Sources said that the firm was already preparing to drop the book before the spate of losses.
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Sara Foucher has held roles at RSA, Swiss Re and XL Catlin.
