Zurich

The carrier also increased its levels of co-participation on the upper layers of the cover.

The carrier increased P&C pricing by 7% in 2021.

AlphaChat’s technology will be deployed across all of Zurich’s business channels.

The carrier said it would no longer support greenfield oil exploration and plans a full phase-out of thermal coal from its underwriting portfolio by 2040.

Zurich has exhausted its $450mn aggregate reinsurance cover after booking around $450mn in losses from Hurricane Ida and $150mn-$200mn from Storm Bernd.

Zurich’s gross written premium (GWP) in its property and casualty segment rose 11% to just over $31bn during the first nine months of the year, driven particularly by North American growth.

Disputes over coverage and aggregation have continued since the Supreme Court gave its test case verdict in January.

The carrier said the portfolios ‘no longer support’ its core strategy.

Nine (re)insurance firms in London took part in the programme for career-break women, organised by diversity and inclusion firm Inclusivity and supported by the Insurance Families Network.

The move is part of a new package of climate-related measures.

The executive joined Lloyd’s more than seven years ago and has been a mainstay of the performance management team.

Paolo Mantero replaces Giovanni Giuliani, who is to become Zurich Italy CEO.