Swiss Re
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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.
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Large natural catastrophe losses totalled $570mn in Q1, driven by the LA wildfires.
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Specialty reinsurance has experienced high competition for talent.
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The carrier has also added AIG’s Alice Hawkins to its aviation unit.
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Growing economic and population exposures are driving potentially larger insured losses.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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The asset manager has hired Rom Aviv as head of ILS.
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Plus, the latest people moves and all the top news of the week.
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Some of the Big Four are slowing growth as the market softens.
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This follows the firm’s exit from primary aviation.
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Plus, the latest people moves and all the top news of the week.
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