News

Reinsurance

Swiss Re writes new reserves to cut 16% y/y from H1 P&C Re underwriting profit

As new CEO takes charge, Swiss Re balances new reserving against protecting FY targets.   22 August 2024

Reinsurance

Swiss Re casualty reserves highly discretionary, ‘some’ signals in book

Casualty margin? ‘Any time you add $650m to reserves, it is going to be an ugly number’.   22 August 2024

Technology

Swiss Re has yet to move on iptiQ units, but some buyers approaching

Newly appointed CEO Berger is directly overseeing the asset review, sees possible sales.   22 August 2024

Alternative Risk Transfer

Pool Re taps top global brokers for ILS strategy after ‘competitive’ process

Pool Re has previously sourced reinsurance protection through cat bonds between 2019 and 2022.   22 August 2024

Insurance

Gen Re unveils leadership moves in North America

The appointments aim to strengthen its mutual treaty capabilities.   22 August 2024

Technology

Generative AI will give underwriters the competitive edge

Focus on data quality, building centres of excellence, and training to succeed, says Genpact.   22 August 2024

Alternative Risk Transfer

Catastrophe bonds under scrutiny after Hurricane Beryl

Jamaica’s cat bond failed to trigger following devastation from Hurricane Beryl in July.   21 August 2024

Insurance

Miller builds out accident & health team with ex-WTW director

New hire has more than two decades’ experience in the Lloyd’s and international markets.   21 August 2024

Insurance

Malawi secures $11.2m insurance payout to tackle El Niño-driven drought crisis

African Development Bank Group and African Risk Capacity Group issue payout.   21 August 2024

Alternative Risk Transfer

New ILS fund launched in Australia by Leadenhall and Bennelong

Companies believe it is an ‘opportune time’ to bring this to market.   21 August 2024

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