Swiss Re

The transaction will expand the carrier’s reach in the US A&H market.

The Mayfield Consumer Products candle factory is one of the two most high profile large individual risk losses from the quad state tornado to date.

Hurricane Ida was the main loss-making event, but once again secondary perils generated more than half of global losses, according to the latest Sigma report.

The reinsurer and the tech firm will collaborate on driverless vehicle products.

Flood coverage is one area where the insurance industry can close protection gaps, but carriers and agents need to increase their efforts to educate clients about this peril, Swiss Re’s US P&C president told this publication.

The insurance marketplace aims to bridge the gap between insurance and capital markets.

The deal brings an end to Prudential’s participation in non-core legacy property and casual business.

The carrier also estimated its European flooding burden will be $520mn.

An increase in the frequency and severity of nat cats and cyber incidents is pushing up protection demand.

The reinsurer warns that climate risks could increase average weather-related property cat losses in advanced markets by more than 60%.

Coletti takes the role previously held by Anthony Cordonnier, who recently joined reinsurance broker Guy Carpenter.

Governments will need to think in the long term despite current Covid challenges.