Swiss Re

A complex web of factors are creating uncertainty around the likely insured loss, but much early discussion centers on a $20bn-$25bn range.

The offering uses highest wind speeds at set locations as triggers for payouts.

Overall figure was driven by a deep winter freeze, hailstorms and wildfires and marked the second highest first-half figure behind 2011.

The carrier reported price improvements of 4% at the summer renewals.

The underwriter will likely oversee a brand-new team following the exodus of the prior team to Dual.

The pair will head up programs business in the Americas, Asia-Pacific and EMEA.

Head of crisis management Mark LeBlanc will lead the team.

The product uses Swiss Re's flood model for rating purposes and links it with policy forms developed by Flood Services Corporation.

Workers’ compensation InsurTech Foresight is on track to underwrite more than $50mn in annual gross premiums by the end of 2021, co-founder and CEO David Fontain has told Inside P&C.

The period when underwriters were over-reliant on submissions from clients is coming to an end.

Competition is intensifying, with increased London market appetite one of the drivers.

Reinsurers, corporations and states must redouble efforts towards net-zero emissions, the carrier says.