Swiss Re
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The shares slip marginally as the carrier confirms a $1bn stock buyback won’t proceed. -
Remedial action at the carrier's primary P&C arm pushes the unit to a $441mn loss.
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Oliver Boreham takes up a New Jersey-based role at the intermediary.
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He is set to leave on 1 November after more than 10 years at the global reinsurer.
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There are questions on whether the four European reinsurers will continue to expand their top line as conditions improve
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Withdrawal may prompt exodus from the class as carriers fear climate change patterns.
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The former COO for reinsurance will become president of Latin American reinsurance to replace Urs Baertschi.
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CEO John Fowle will relinquish the underwriting role on the arrival of Nicola Stacey.
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The deal will give network brokers access to a tool for cross-border contracts.
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AIG, Chubb, Markel, Swiss Re and Zurich are among the carriers which face potential losses from the tour operator's collapse.
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Swiss Re, Allianz and Zurich are among those backing the UN initiative.
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The new country leader joins from HDI Global.
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