Swiss Re
-
Plus this week’s executive moves and all the latest exclusives of the week. -
Warehouse or science lab? Those tend to be two of the diverging views on Swiss Re, the oldest reinsurer, with a 160-year history.
-
Following the initial decision in the case, Julia Sommer sought £5.1mn in compensation for the claims she made against her former employer.
-
AM Best said market hardening was likely to continue through 2024, given global market conditions.
-
The ratings agency also affirmed Swiss Re’s ‘AA-’ rating, with the carrier expected to maintain an ‘AA-’ rating through 2024.
-
Swiss, Munich, Hannover and Scor all delivered optimistic messages on pricing for next year.
-
A total of 10 events caused more than $1bn in losses each.
-
CFO John Dacey said the carrier remains underweight in Florida due to concerns around underlying economics.
-
The carrier achieved treaty price increases of 21% at 1.7, against increased loss assumptions of 16%.
-
The current vice chair will lead the (re)insurer’s board until he can be officially nominated for election at the next AGM in April 2024.
-
The executive will report to reinsurance solutions CEO Russell Higginbotham.
-
Reserves eased slightly from 2020 through 2022, driven by motor and general liability sectors in the US and UK.
Most Recent
-
Enstar Q1 net profit falls 58% to $50mn
02 May 2025 -
Daily Digest: Top news from 2 May
02 May 2025