Swiss Re
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The veteran investment banker will join the board in April and become chairman when Walter Kielholz retires next year. -
Ermotti has led Swiss investment banking and wealth management company UBS since 2011.
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Analyst Philip Kett says he’s “more constructive” on the Corporate Solutions outlook.
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The CUO says 10-20 percent rate expansion would be insufficient.
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The carrier assures market of its “confident” reserving position and signals a return to CorSo underwriting profitability in 2021.
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Executives anticipate strong rate growth in primary and property reinsurance lines.
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John Isherwood, now CEO of the globals reinsurance unit, will take over from Eric Smith when he retires.
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Analysts remain unconvinced that the US casualty reserving crisis is behind the carrier.
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The troubled commercial specialty unit reports strong renewals price growth but a $647mn full-year loss.
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Caroline Pritchard joins from Crawford & Company where she was global relationship manager.
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Estimates from Aon, Munich Re, Swiss Re and Willis Re put Typhoon Hagibis lower than the modelled average, with Typhoon Faxai in line with expectations.
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Bianca Willauer joins after 10 years with the Allianz-owned specialty carrier.
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