Swiss Re

The carrier is likely to book a Q3 net loss of $500mn for the storm.

The reinsurer said it will look to double rates and retentions and halve the amount of override on casualty quota shares.

The transport sector has the largest investment gap, needing an estimated $114tn to build greener infrastructure.

The CII also appointed Ian Callaghan as deputy president for 2023.

The storm is not expected to be a threat to the order of Jebi or Hagibis.

Roman Hohl is rejoining the reinsurer after a decade, having previously worked there as head of agriculture Asia Pacific, director, for four years.

Inflation will define priorities such as a focus on safeguarding clauses and pricing transparency, as well as line of business challenges, for underwriters and actuaries in the year ahead.

This publication’s review of H1 disclosures shows how listed (re)insurers’ nat cat losses have tallied with aggregate projections.

Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.

In their messages at the Rendez-vous de Septembre, Munich Re, Hannover Re, Swiss Re and Scor signalled a ripe environment to hike prices and adjust terms.

Economic inflation is having a “minor” impact on reserving practices and is unlikely to result in negative reserve developments, said Swiss Re’s CUO Thierry Leger.

Guido Fürer will step back effective 31 March 2023 to spend more time with his family and dedicate himself to his charitable endeavours.