Zurich

The CEO tells a Handelsblatt conference that cross-border, transformational transactions aren’t on his agenda.

The move will cost the carrier almost $114mn in gross written premiums.

Investment in the sector has already reached $2.6bn this year, according to Hampleton Partners.

The carrier reports a 3 percent increase in P&C rates in the nine months to September.

The ruling ends a near-decade-long dispute over a $470mn North Sea claim.

When reinsurers are too big it is their cedants that can suffer, but when the buyers are too big it is the reinsurers that are squeezed by the asymmetrical relationship.

Valerie Butt will lead the carrier’s casualty division with responsibility for new and renewal business.

The cost of the largest-ever construction claim increases from an initial $1bn-plus estimate.

The Swiss carrier pays an implied multiple of 22.1x 2017 earnings for the P&C insurer.

Zurich has beefed up its cybersecurity practice to help clients and mitigate claims.

The executive is a former Zurich chief underwriting officer.

Reutter replaces Scott Rasor, who retired from Zurich North America in June.