Swiss Re
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The mid-year renewals point to mounting pressure on reinsurance pricing. -
Plus, the latest people moves and all the top news of the week.
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The CEO said the carrier will prioritise margin over top-line growth.
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The P&C division booked a combined ratio of 81.1% for the first half of 2025.
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California wildfires account for $40bn of the insured loss tally in H1.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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The reinsurer said US president Donald Trump’s policy was already impacting investment.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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Hannover Re’s CEO is lowest paid among peers, despite their pay growing 77% since 2015.
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P&C combined ratios were higher than Q1 2024, and wildfires impacted Hannover Re most.
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The reinsurer’s CFO cited a 1.5% net price reduction year to date.
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Large natural catastrophe losses totalled $570mn in Q1, driven by the LA wildfires.
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