Swiss Re

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

Gallagher Re has been appointed as the broker for the programme following an RFP.

The carrier said geopolitical factors had given “new urgency” to the green transition.

Insured losses in 2021 alone hit $20bn.

A former Swiss Re underwriter, who was told by a former senior manager “I bet you like to be on top in bed” at the carrier, had a number of discrimination claims against the firm upheld.

The executive will work to help corporations understand and mitigate the threats posed by climate change.

Swiss Re, Munich Re, Hannover Re and Scor have set out their strategies on inflation, pricing and Ukraine.

Insured nat cat losses amounted to $35bn globally in H1, while manmade events triggered an additional $3bn, according to Swiss Re Insititute.

The carrier’s 6% rate increases over 2022 YTD are “subsumed” by larger loss expectations, including rising inflation.

The P&C re segment secured 12% rate increases at the 1 July renewals.

The recruit joins from Verisk.

The forecast for real-term premium growth was depressed by anticipated claims inflation.