Swiss Re
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More than 20 other carriers are still pursuing the case, including Markel, Chubb and Munich Re. -
The reinsurance CEO urges industry co-operation to ensure certain insureds don't lose out with technological advancement.
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The brokers said that enhanced analytics would make reinsurance premiums more appropriate.
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Swiss Re is the (re)insurer likely to take the largest overall loss of the eight companies studied.
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Commercial property insurance lines have improved their loss ratios by as much as 18 points using the technology, according to a Sigma report.
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The catastrophe fund’s programme has shrunk from $1bn to $920mn.
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The carrier will continue to write hull business in Europe from its Genoa office.
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Swiss Re leads the charge on US exposure as reinsurers prepare for North American hurricane season.
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The reinsurer now has regulatory approval to set up a reinsurance office in Abidjan, furthering its African expansion.
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The pullback is one of several lines to be trimmed as the carrier cuts $900mn of premiums from its portfolio.
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A third of the portfolio is targeted for remediation, as a shift towards third-party reinsurance purchasing is signalled.
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The acquisition from Quilter will add £12bn in assets to ReAssure’s platform.
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