"In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along with insured property being more vulnerable…
”Weather-related natural disasters, especially in North America, are prominent once again in the loss statistics for the first half-year. In addition, there has been flooding in regions where it is extremely rare, such as Dubai. It is considered…
"We are pleased to have found a seasoned leader, with deep expertise in finance and the insurance industry, in Anders Malmström. We are convinced that he is the right person to take the Finance function forward after an orderly transition,"…
“I am disappointed by the L&H H1 results. In response, we have launched an ambitious 3-step plan resulting in a series of determined actions aiming at restoring the profitability of the L&H business in a sustainable way," says Thierry Léger,…
"While the media often highlights cases of insurance companies refusing claim payouts, these instances represent a small minority overshadowed by the numerous claims settled efficiently, a reality largely attributed to the strength of the reinsurance…
"The insurance industry has reached a new equilibrium after the challenges of recent years. The global economy has surprised on the upside, which should drive more demand for insurance. The life sector in particular is one to watch as higher…
"We live in a world characterised by interconnected crises, which in turn can give rise to new risks. For re/insurers, it is key to anticipate trends and understand how major global issues such as climate change, economic uncertainty or geopolitical…
"While IT services are currently the most affected by AI risks as a pioneer in this area, this is set to change as the use of technology becomes more widespread across all industries, such as in health and mobility," says Christoph Nabholz,…
Following last week's announcement of the appointment of Ivan Gonzalez as CEO Corporate Solutions and member of the Group Executive Committee, Swiss Re announced the appointment of Beat Strebel as CEO Reinsurance China and China Country President,…
"Swiss Re had a good start to the year, with all our main businesses posting strong results. This reflects continued underwriting discipline, a strong return on investments and effective management of operating expenses," says Swiss Re's Group…
"We can look back on a rather benign quarter as regards large losses. We had a good start into the year, putting us on track to achieve our full-year profit target," said Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re.
"We can look back on a rather benign quarter as regards large losses. We had a good start into the year, putting us on track to achieve our full-year profit target. At the same time, with the recent treaty renewals we have put in place a solid…
In his address, Chief Executive Officer Jean-Jacques Henchoz looked back on the successful financial years of the past strategy cycle, highlighting how reliably Hannover Re delivered on its promises in the years from 2021 to 2023 in the face…
“I am delighted to welcome Claire to the Executive Committee. In addition to her extensive track record, her recognized leadership qualities together with her innovative and forward-thinking mindset will be a valuable asset for SCOR. I extend…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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