Swiss Re
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The cost of the largest-ever construction claim increases from an initial $1bn-plus estimate. -
In theory doing insurance for big business should be very similar to selling reinsurance.
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The Southeast Asia CEO of Swiss Re Corporate Solutions notes that valuations in the region are high.
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Agostino Galvagni will step down at year end, and be replaced in April by Andreas Berger.
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European reinsurers may take hit on treaties
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Reinsurers saw marginal improvements in rates at the mid-year renewals.
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Market share data points to about a 1 percent loss share for both Scor and Hannover Re, notes analyst Philip Kett.
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Liability cover and a separate D&O policy held by the bridge operator’s parent could also come into play.
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Mullarkey takes over for Yvonne Steiner, who left for RSA in June.
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The Swiss Re CEO refutes the suggestion that financial-sector newcomers can deploy capital more efficiently than traditional reinsurers.
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Swiss Re makes a cash injection into the parent of the Rhode Island legacy carrier.
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The German reinsurer’s gross written premium rose to $37.8bn to reclaim the top spot in AM Best’s rankings.
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