Swiss Re

The global natural catastrophe protection gap stood at $368bn, with protection gaps being largest in emerging markets.

The report outlined 17 recurring and emerging risks (re)insurers should be aware of.

The comment comes after major US carriers pulled back from new business in wildfire-prone California.

The collapse of the Net-Zero Insurance Alliance means insurers must find new neutral ground to continue ESG engagement, CEOs at the Geneva Association's General Assembly said.

Mayer will manage a global centre of excellence for parametric products and report to Paul Schultz, CEO of Aon Securities.

In this second of a two-part analysis on the proliferation of ChatGPT and similar generative AI tools, Insurance Insider explores the risks inherent in using them.

Christoph Oehy will replace Luzi Hitz in November 2023.

After founder members Axa and Allianz dealt a potentially terminal blow to the Net-Zero Insurance Alliance by withdrawing, the NZIA is exploring limited options to continue.

The Swiss reinsurer follows Munich Re, Hannover Re and Zurich in withdrawing from the alliance.

The executive will report to CEO James Shea and is based in Florham Park, New Jersey, United States.

Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.

Reinsurers are starting to see increased demand from personal lines, where valuations are being updated to match inflation.