Swiss Re
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The promotion is the latest in Strebel’s 25-year career with the carrier.
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Swiss Re Capital Markets Europe SA will ensure trading continuity for the arm after Brexit
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Shilpa Strong will be based in New York and report to executive vice president Mark Callahan.
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Former Lloyds Banking Group executive Archie Kane joins new CEO Hodges. -
The carrier has signed a deal with a unit of Groupama and the local government.
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The reinsurer pegs the large man-made loss estimate at $300mn.
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Sometimes corporate announcements look so futuristic that one suspects the planned move is never going to happen.
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Like UK bakery chain Greggs’ feted vegan sausage roll, Swiss Re’s European parametric water-level cover helps plug a gaping market chasm.
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The reinsurer has absorbed almost $500mn of losses from its sister company in less than two years.
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Expectations of rate rises and outsized catastrophe losses resulted in a subdued annual performance for the composite index.
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The ILS market is in a bit of a pickle as it heads into the New Year.
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News of the bid interest comes as Swiss Re prepares the $4.5bn business for an IPO.
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