Swiss Re
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Reinsurers, corporations and states must redouble efforts towards net-zero emissions, the carrier says.
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Interest in parametric coverages has increased among insurance buyers as a response to coverage gaps exposed by unanticipated losses and tightening traditional market capacity.
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The reinsurer finds secondary perils accounted for over 70% of natural catastrophe claims.
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Jones has worked at Swiss Re for over 13 years, having joined from Employers Re.
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The new paper will be used to underwrite cyber and tech E&O risks in the US and Canadian markets.
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The med-mal specialist’s results served as a memo to the state of the industry facing a plethora of challenges.
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The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.
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Maya Bundt says insurers can do more to advise insureds to treat cyber like they would ESG concerns.
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Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.
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The executive will run the North America engineering and construction team after almost a decade with CorSo.
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The new arrival at the M&A insurance specialist follows the departure of paper provider AGCS earlier this year.
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China is expected to lead the upswing in business, with non-life premium growth of 10%.