Swiss Re
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The release of Swiss Re, Munich Re, Hannover Re and Scor’s year-end reports provides an update on market conditions. -
The transaction builds on a $1.15bn first-of-its-kind hybrid bank and ILS capital deal in April last year.
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Marcus Pollak and Stefan Behr will be based in Zurich.
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The appointments will be effective July 1, subject to regulatory approvals.
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The carrier said 18% nominal price increases are mitigated by a 13% rise in loss assumptions.
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The carrier has reported a P&C re combined ratio of 102.4% for the year.
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The head of property and specialty underwriting reinsurance posted on LinkedIn that he had brought forward his planned departure from the firm after 35 years.
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Under the new structure, Urs Baertschi will run P&C Re, while Paul Murray will lead L&H 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.
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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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