Swiss Re
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re. -
Los Angeles wildfires and SCS pushed US losses to $89bn.
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The CEO conceded some might see Swiss Re’s dividend targets for 2026 as “underwhelming”.
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The reinsurer’s “refreshed” strategy to focus on AI and a new share-buyback programme.
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Plus, the latest people moves and all the top news of the week.
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After a challenging period, the industry is now earning above its cost of capital.
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Oliver Dlugosch spent 20 years at Swiss Re before it exited aviation this year.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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Munich Re is among the insurers with a stake in the German carrier.
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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.
