Swiss Re
-
Swiss Re, Allianz and Zurich are among those backing the UN initiative.
-
More than 20 other carriers are still pursuing the case, including Markel, Chubb and Munich Re. -
Swiss Re is the (re)insurer likely to take the largest overall loss of the eight companies studied.
-
Commercial property insurance lines have improved their loss ratios by as much as 18 points using the technology, according to a Sigma report.
-
The catastrophe fund’s programme has shrunk from $1bn to $920mn.
-
The carrier will continue to write hull business in Europe from its Genoa office.
-
The pullback is one of several lines to be trimmed as the carrier cuts $900mn of premiums from its portfolio.
-
The Allianz CFO says a portfolio review could lead to shrinkage at the big-ticket specialty unit.
-
Swiss Re’s medmal exit comes after ProAssurance’s warning last quarter of companies being “swept away by the tide”.
-
The underperforming division is working to reduce annual gross premiums written by $900mn.
-
General aviation and space are the latest sectors to be targeted in the division’s overhaul.
-
The executive will head up the unit following Angelo Colombo’s departure to Swiss Re.
Most Recent
-
Daily Digest: Top news from November 22
November 22, 2024 -
Cyber attacks on supply chain up 431% since 2021: Cowbell
November 22, 2024 -
PE firm Capital Z takes $240mn minority stake in retail broker Leavitt
November 22, 2024