Swiss Re
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Burnett joins Swiss Re from Axa XL, where he worked for over five years as E&S property head. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The first-of-its-kind deal blends bank financing with ILS funding.
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David Presley joins Compre while the legacy carrier is targeting expansion in the US.
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The broker said there was still a “big unknown” around the potential global economic impact of the conflict.
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Swiss Re’s recent underwriting actions, model updates and risk repricing have prepared it to take on more secondary perils, according to its top team.
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Continuing a trend of several years, secondary perils caused most insured losses at $81bn, or 73% of the total.
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Katie McGrath replaces Ivan Gonzalez who has been appointed CEO reinsurance China and China country president.
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Basil Louvrais and Avni Scerbo will set up the North America trade finance team.
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The Hartford’s customers will have access to Swiss Re’s globally standardised property wordings and online platform.
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The Buenos Aires, Argentina-based InsurTech will use the fresh funds to finance growth initiatives across the continent.
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The transaction will expand the carrier’s reach in the US A&H market.
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