Swiss Re
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The executive spoke candidly about past management issues at the firm and expressed confidence about the long-term health of the business. -
Coletti takes the role previously held by Anthony Cordonnier, who recently joined reinsurance broker Guy Carpenter.
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The offering uses highest wind speeds at set locations as triggers for payouts.
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It is part of the firm’s commitment to reach net-zero emissions in its own operations by 2030.
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The carrier has hired also CNA’s Julie Stephenson as global head of casualty.
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Overall figure was driven by a deep winter freeze, hailstorms and wildfires and marked the second highest first-half figure behind 2011.
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Despite some rate tapering, the two German reinsurers are expanding premium, as all four carriers enjoyed North American rate increases.
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Marilyn Blattner-Hoyle will be based in Zurich and report to Andreas Hillebrand, global head of credit & surety.
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CFO John Dacey also urged primary carriers to be “realistic” on rising extreme-weather costs.
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The carrier reported price improvements of 4% at the summer renewals.
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The five reinsurers with the largest shares of the 2020 programme were Swiss Re, Scor, Munich Re, Hannover Re and Lloyd’s carriers.
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Head of crisis management Mark LeBlanc will lead the team.
