Swiss Re
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This follows the firm’s exit from primary aviation. -
Plus, the latest people moves and all the top news of the week.
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CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
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Katie McGrath is appointed CorSo CUO amid a restructure of the unit.
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The carrier increased premium by 7% at the January renewals.
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Sources said that the firm was already preparing to drop the book before the spate of losses.
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The executive has also worked for Guy Carpenter during her 20-year career.
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Anthony Norfolk joins from Swiss Re, where he was a senior engineering underwriter.
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Philip Ryan and Sir Paul Tucker will not stand for re-election.
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The executive has been with the firm for 27 years.
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Aggregates that are featuring in the reinsurance market are not the low-attaching ones of prior years, he added.
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The P&C re unit will target a combined ratio below 85%.
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