Swiss Re

This year’s top-line growth will be a decade high.

The market grew at a rate of 32% annually from 2017 to 2022.

The carrier’s Q3 net income will be around $100mn, far below consensus.

Pockets in the business are still experiencing significant stress, she added.

The company is currently “underweight” in that line of business, he added.

The reinsurer constructed a “social inflation index” for a new study.

The firm bolstered US liability reserves by $650mn in the H1 2024.

The insurance sector’s RoE is expected to exceed 10% next year.

Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.

Commercial lines will remain bifurcated, with strong growth in property and weak growth in liability.

The US tallies $97bn in economic losses from major perils each year.

Effective immediately, Wolfe will help drive growth strategies across the region. He will also lead Guy Carpenter’s US facultative business alongside Frank Guerriero, chairman of Guy Carpenter Facultative.