The broker seeks to consolidate its market presence in Spain and Portugal.
The move reflects new CEO Carl Hess’ strategy to increase agility and effectiveness.
The executive paved way for Swiss Re’s business expansion in Greater China.
The new hire has over 25 years of FI experience in insurance, banking and asset management.
A&H gives Swiss Re Corporate Solutions greater portfolio diversification, complements other risk portfolios.
The division contributed 41% of group profits in the first six months of 2021.
They will be hit by a rare double-whammy of rate hikes in auto and homeowners.
The company was launched early last year by industry veteran Tim Usher-Jones and re/insurer SiriusPoint.
Assessor sees $513 million in residential damage, still counting commercial losses.
The reinsurer plans to expand in Asia, the UK and European markets.