Munich Re
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No successor will be named and some of Kuczinski’s responsibilities will be transferred to a new board division called GSI. -
The year 2005, which featured the devastating Hurricane Katrina, remains the most expensive storm season.
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The reinsurer said it will be “significantly more challenging” to hit EUR3.3bn 2022 profit target.
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The carrier will no longer invest or insure contracts and projects directly relating to new oil and gas fields, new midstream oil infrastructure and new oil-fired power plants.
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US severe thunderstorms caused insured losses of $17bn during the first half.
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The loss comes hard on the heels of a large BI claim stemming from the Freeport LNG refinery.
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With more than 25 years of industry experience, Karen Rzeszutko will lead the inland and ocean marine underwriting teams.
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Dual’s crisis management team joined from Swiss Re in July 2021.
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Scor has appointed Vanessa Contreras, its deputy team leader for professional lines, to Haynes’ old role overseeing all of US casualty.
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The new coverage marks the first time that sovereign debt repayments have been protected by a parametric catastrophe clause.
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Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
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Munich Re’s venture capital arm Munich Re Ventures has closed a $500mn Munich Re Fund II to invest in early-stage companies.
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