Swiss Re
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Munich Re is among the insurers with a stake in the German carrier. -
Class actions and third-party litigation funding will drive up losses.
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In July, he took the role on interim basis from Laure Forgeron.
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Continental composite carriers aim to smooth volatility with new initiatives.
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The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
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Plaintiffs allege that manufacturers and retailers have broken environmental laws.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
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Anticipation, motivation and inspiration are central to effective implementation.
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Swiss Re forecasts more risk transferring to reinsurance and retro markets in the future.
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Growth in the SME sector could help stabilize the market, however.
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The underwriter has over 20 years' experience in the construction insurance sector.
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The mid-year renewals point to mounting pressure on reinsurance pricing.
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Plus, the latest people moves and all the top news of the week.
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The CEO said the carrier will prioritise margin over top-line growth.
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The P&C division booked a combined ratio of 81.1% for the first half of 2025.
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California wildfires account for $40bn of the insured loss tally in H1.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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The reinsurer said US president Donald Trump’s policy was already impacting investment.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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Hannover Re’s CEO is lowest paid among peers, despite their pay growing 77% since 2015.
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P&C combined ratios were higher than Q1 2024, and wildfires impacted Hannover Re most.
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The reinsurer’s CFO cited a 1.5% net price reduction year to date.
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Large natural catastrophe losses totalled $570mn in Q1, driven by the LA wildfires.
