Swiss Re
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Chairman Kessler remains in place until the 2024 General Meeting when he will stand down on hitting the age limit of 72. -
Fred Kleiterp worked at Swiss Re for more than 20 years but has joined Beazley as European general manager.
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Fred Kleiterp will leave his current role as CEO for EMEA at Swiss Re Corporate Solutions to join Beazley in June.
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The executive was previously head of casualty underwriting for EMEA.
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Cedants are grappling with rising rates while coverage narrows.
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Vanessa Lau and Pia Tischhauser will stand for election in April as Renato Fassbind and Susan Wagner retire from the board.
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The reinsurer emphasised the need for improved secondary peril models including predictive capabilities.
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Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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Real non-life premiums are forecast to grow by 1.8% in 2023 and 2.8% in 2024.
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Carriers reassured analysts that unrealised investment losses will not seriously affect solvency while sounding a bullish note on renewals.
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The reinsurers will provide a parametric solution to ensure a fast payout.
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Global cyber premiums are expected to reach $23bn by 2025 but, with predicted global annual losses of around $945bn, roughly 90% of the risk remains uninsured.
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