Swiss Re

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.

Insurance resilience is still lower than prior to the Covid-19 shock, according to Swiss Re’s sigma research.

The carrier mapped out the future threat landscape for insurers as part of its annual Sonar report.

Ukraine uncertainties remain despite some loss estimates emerging in Q1 earnings across the Big Four European carriers, while inflation looms on the horizon.