Swiss Re
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The pandemic makes a $476mn dent in group underwriting as Corporate Solutions sinks further into the red. -
The executive restored the carrier's financial strength following the credit crisis.
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The executive replaces Martin Mueller, who leaves the restructuring primary carrier for a group finance role.
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Stress testing put 2020 North Atlantic hurricane exposure at $6.4bn and credit default losses at $2.4bn.
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Executive returns after roles at Marsh and Barclays Capital.
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Swiss Re and Munich Re are both on risk for the $800mn Tokyo Olympics contingency policy.
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Coronavirus confusion, market meltdown and the lead-follow sceptics.
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The move is one of several management changes under new CEO Andrade.
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Hadi Riachi previously held senior positions at the carrier in China and Africa.
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The world’s biggest reinsurer teams with the $1.2tn tech company to create risk management and insurance solutions.
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Disparate attitudes between European reinsurers could temper aggressive rate increases at the key 1 April renewal.
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The biggest hit would come from the IOC’s $800mn event cancellation contract.
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