Swiss Re

Interest in parametric coverages has increased among insurance buyers as a response to coverage gaps exposed by unanticipated losses and tightening traditional market capacity.

The reinsurer finds secondary perils accounted for over 70% of natural catastrophe claims.

Jones has worked at Swiss Re for over 13 years, having joined from Employers Re.

The new paper will be used to underwrite cyber and tech E&O risks in the US and Canadian markets.

The med-mal specialist’s results served as a memo to the state of the industry facing a plethora of challenges.

The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.

Maya Bundt says insurers can do more to advise insureds to treat cyber like they would ESG concerns.

Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.

The executive will run the North America engineering and construction team after almost a decade with CorSo.

The new arrival at the M&A insurance specialist follows the departure of paper provider AGCS earlier this year.

China is expected to lead the upswing in business, with non-life premium growth of 10%.

Staggering changes in the casualty insurance market are feeding through to reinsurers, according to US P&C president Keith Wolfe.