Swiss Re
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The carrier reported price improvements of 4% at the summer renewals.
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The underwriter will likely oversee a brand-new team following the exodus of the prior team to Dual.
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The pair will head up programs business in the Americas, Asia-Pacific and EMEA.
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Head of crisis management Mark LeBlanc will lead the team.
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The product uses Swiss Re's flood model for rating purposes and links it with policy forms developed by Flood Services Corporation.
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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.
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The period when underwriters were over-reliant on submissions from clients is coming to an end.
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Competition is intensifying, with increased London market appetite one of the drivers.
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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.
