Swiss Re
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Maya Bundt says insurers can do more to advise insureds to treat cyber like they would ESG concerns. -
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.
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The Swiss carrier’s digital white-label arm becomes the German InsurTech’s main investor.
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By setting up an asset manager, the reinsurer is competing with ILS firms on their turf.
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The company has expanded its sidecar in recent years but this will allow it to tap into a different investor base.
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The latest recruit is returning to Swiss Re after five years.
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Tina Baacke will join the business from 1 January and succeed Martin Schürz, who retires in February.
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Suncorp, IAG and QBE reinsurers could face significant recoveries after a landmark court ruling.
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