Articles
News
Matthias Weber, Swiss Re's group chief underwriting officer, has taken the decision to step down. He will be replaced by Edouard Schmid currently head of property and specialty reinsurance. 23 February 2017
News
Swiss Re’s profits plummeted in 2016 with all its business units except Life Capital fairing worse than in 2015. Yet the reinsurer also posted strong growth across the board despite warning of a toxic mixture of softening rates, slow global economic growth, continued low interest rates and political uncertainty. 23 February 2017
Alternative Risk Transfer
A combination of factors could make the insurance-linked securities market more competitive as 2017 goes on, according to Paul Schultz, CEO of Aon Securities. 23 February 2017
Insurance
Property/casualty insurer Chubb has made two senior management appointments in Europe, in its global accounts division. Suresh Krishnan and Tina Lakickas will assume their new roles from March. 23 February 2017
News
Swiss Re has proposed several changes to its board of directors, including the appointment of a former CEO of Allianz Re and the former chairman of Novartis. The appointments will be formally made at its annual general meeting of shareholders on 21 April 2017. 23 February 2017
Insurance
PERILS, a company that provides catastrophe insurance data, has offered an initial loss estimate for extra-tropical cyclone Egon which affected France and Germany on 12 and 13 January 2017. 23 February 2017
News
Swiss Re walked away from almost $2 billion of business including substantial portions of contracts in China in the January renewals due to rates being below its targeted risk-adjusted levels, the company has revealed. 23 February 2017
Insurance
On the back of what it calls a very strong capital position and cash generation, Swiss Re is looking to increase its dividend and authorise a new public share buyback programme of up to Sfr1 billion. 23 February 2017
Insurance
France’s reinsurer SCOR is searching for opportunities to deploy its excess capital which is set to grow further through the ongoing merger of its units and is unlikely to be squeezed by a qualification of SCOR as a systemically important financial institution. 22 February 2017
Insurance
The former chief financial officer Rory O’Connor and two former actuaries of RSA Insurance Ireland have admitted misconduct and agreed to fines and other sanctions following the conclusion of the Financial Reporting Council’s (FRC) investigation into financial irregularities at the company in respect of the year ended 31 December 2012 and relevant prior periods. 22 February 2017
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