Swiss Re

Hannover Re’s CEO is lowest paid among peers, despite their pay growing 77% since 2015.

P&C combined ratios were higher than Q1 2024, and wildfires impacted Hannover Re most.

The reinsurer’s CFO cited a 1.5% net price reduction year to date.

Large natural catastrophe losses totalled $570mn in Q1, driven by the LA wildfires.

Specialty reinsurance has experienced high competition for talent.

The carrier has also added AIG’s Alice Hawkins to its aviation unit.

Growing economic and population exposures are driving potentially larger insured losses.

Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.

The tariffs could expose insurers to the risk of recession and shrinking income.

The asset manager has hired Rom Aviv as head of ILS.

Plus, the latest people moves and all the top news of the week.

Some of the Big Four are slowing growth as the market softens.