Swiss Re
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The new recruit will be head of power at the UK global broking centre. -
Reinsurers still have concerns over rate adequacy as views of typhoon risk evolve.
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The reinsurer finds secondary perils accounted for over 70% of natural catastrophe claims.
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Hannover Re has emerged as an outlier by reducing its overall 2020 dividend, but its growth plans may alleviate disappointment about the policy.
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The reinsurer accelerates its retreat as part of a new set of targets to achieve net-zero emissions by 2050.
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The reinsurer adds $300mn to the unit’s pandemic reserving in Q4 and slashes premium volumes by 11% at the renewals.
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Maya Bundt says insurers can do more to advise insureds to treat cyber like they would ESG concerns.
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The Marsh JLT-owned business specialises in cover for floating power and desalination operations.
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The Principles for Responsible Investment were launched in 2006, with Hannover Re, Liberty and Everest Re among other signatories.
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The executive will be replaced by Peter Elliott on an interim basis.
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The entity has had a presence in South Africa since 2015 via a binder agreement with Guardrisk Insurance.
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Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.
