Swiss Re
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Despite some rate tapering, the two German reinsurers are expanding premium, as all four carriers enjoyed North American rate increases. -
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.
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The product uses Swiss Re's flood model for rating purposes and links it with policy forms developed by Flood Services Corporation.
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The executive replaces Emmanuel Thommen, who has announced his retirement.
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Swiss Re acquired its Phoenix stake in 2020 following the sale of closed life business ReAssure.
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The revelation came with the release of the institute's 2021 Resilience Index.
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The leadership position in the region was vacant after the promotion of Melanie Slack, who has relocated to London.
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State-backed carrier GIC Re faces competition as the European Big Four press into the subcontinent.
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