"Enhancing the overall resilience of the Group has been a key priority for the management team. We conducted a comprehensive review of our P&C reserves, considering the latest industry data and legal trends. With the decisive actions in the…
”In the third quarter, our Group once again proved its resilience. The hurricane season in the North Atlantic was relatively severe, causing above-average major losses and a year-on-year decline in the quarterly result. However, on the back…
"In the first nine months of the year Hannover Re continued to chart its successful course. Thanks to the adequate pricing level in property and casualty reinsurance, we are able to achieve a satisfactory level of earnings that puts us in a…
"My time leading Hannover Re has been very fulfilling, both professionally and personally. Together with a great team, we have succeeded in further developing Hannover Re and increasing its profitability. I would like to thank everyone who contributed…
"We are very pleased to have found a new owner for iptiQ's European P&C business. This transaction is an important milestone in Swiss Re's plan to withdraw from the iptiQ business as we strive to deliver the best possible outcome for the different…
"For a number of years now, the insurance industry in Germany has been faced with numerous natural catastrophes causing considerable losses and damage. Once again this year, we have already seen devastating floods, following extraordinary severe…
"Munich Re is ready to accommodate growing demand for reinsurance protection underpinned by proper risk-sharing mechanisms. We aim for ever deeper partnerships with our clients and for creating new ones. We put our financial strength and underwriting…
“I’m delighted to be launching Pt Mekong Re, and that we now have a team in place in Labuan. Following on from our acquisition of Oceanica De Seguros in Costa Rica, our new reinsurance company in Labuan underpins MNK Group’s Global strategic…
"COVID-19 is far from over. The US reported an average of 1500 COVID-19 deaths a week for 2023 - comparable to fentanyl or firearm deaths. If this continues, our analysis suggests a potential scenario of elevated excess mortality extending over…
"Faced with elevated natural catastrophe risks, economic uncertainty and geopolitical instability, reinsurance is the natural way for insurers to protect themselves from outsized losses. We are ready to support our clients with our capital,…
"Unlike economic inflation, there is no sign of social inflation abating. Litigation costs are rising and are now the key driver of liability claims. With businesses around the world facing rising legal defence costs, the cost of providing liability…
"Insured losses are still trending higher. In view of the various challenges facing the industry, reliable reinsurance protection is indispensable. In line with our strategy, we remain well positioned for profitable growth and a preferred business…
"My ability to wear many hats is one of the benefits that a uniquely female perspective brings to my role. And in this role as a leader, this has helped me be sensitive to the needs of my team, adjust quickly to new situations while getting…
"Swiss Re's performance in the first half of 2024 reflects our focus on delivering consistent results. We continue to increase the overall resilience of the firm through a disciplined approach to underwriting new business while remaining on…
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