Zurich
-
Dirk De Nil will step into the role following the retirement of Hanno Mijer, who has been CEO of Zurich Resilience Solutions since its inception in 2021. -
Plus the latest people moves and all the top news of the week.
-
The commercial insurance CEO said carriers must communicate on the reasons for ongoing rate increases as the market bifurcates.
-
The carrier's combined ratio in P&C operations rose by 1.3 percentage points over the period, to 92.9%.
-
The Association of British Insurers has also appointed Clare Bousfield, CEO of retail and savings at M&G, as deputy president.
-
Analysts claimed the relative lack of transparency will allow carriers to earn higher margins for longer.
-
Growth was mainly driven by rate increases, with North America accounting for 50% of P&C expansion.
-
The trade body is in crisis following a string of misconduct allegations, including alleged rape.
-
Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.
-
Aviva has said it is committed to the Net-Zero Insurance Alliance, in the wake of withdrawals from the group by Zurich, Munich Re and Hannover Re.
-
Hannover Re has followed Zurich and Munich Re in announcing its departure from the Net Zero Insurance Alliance, though it offered no explanation for its decision.
-
The loss hits a market grappling with social and economic inflation, plus increased reinsurance costs.
Most Recent
-
Beazley hires Chaucer’s Sheppard for renewable energy expansion
29 September 2023 -
Bank of England to create lending facility for insurers
29 September 2023 -
R&Q posts H1 operating loss of $58mn after legacy adverse development
29 September 2023 -
Former PartnerRe CEO Clarke becomes BMS chair as Eurazeo deal completes
28 September 2023 -
Ex-AFL owners face asset freeze, spending limits after fraud case
28 September 2023
