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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures. -
Swiss Re has retreated from its “escalation clause” for the Middle East.
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The carrier revealed new group financial targets at its Capital Markets Day.
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Barry Stiff is expected to join Aon in May.
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The carrier attributed the intensification of storms this season to climate change.
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The Lloyd’s (re)insurer is looking to execute a five-year plan to double GWP to $3bn.
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Robert Salzmann has been with the Swiss Re insurer for a decade.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The Class B notes on the carrier’s debut deal attach at $500mn of losses.
