Swiss Re

Rising counterparty risk from economic slowdown will support prices and growth.

The report also stated that digital technology could generate savings of 10%- 20% in other processes in the value chain.

The reinsurer said carriers could face challenges around underwriting profits and solvency levels.

The decision to align across business units had removed the need for the regional presidents' roles, the company said.

As the curtain comes down on the millionth Monte Carlo Rendez-Vous, and the prices in the cafes and restaurants are presumably reset to their customary levels, the conference has again done its main job.

Hurricane Idalia is a reminder of the new normal cat environment and that reinsurers must continue to ensure they do not pick up attritional losses, the company’s P&C head said.

Our virtual roundtable polled industry leaders on critical questions for the reinsurance market. Today, we explore how the industry can collaborate on net-zero objectives after insurers exited the Net-Zero Insurance Alliance (NZIA) in droves.

The carrier said there was still “room for improvement” in the property cat market.

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.