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The Scor chairman takes over from Swiss Re CEO Christian Mumenthaler, who steps down after two and a half years in the role. -
The Hannover Re subsidiary said the event would incur insured losses in Germany alone of “well in excess” of EUR8bn.
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The reinsurer said it was adding "a new generation of expertise" to its energy team.
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Some of the insurer’s bonds were among those modestly marked down after Ida.
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The carrier also estimated its European flooding burden will be $520mn.
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Rinat Bektleuov joined in August 2021 and reports to Charles Goldie, chief underwriting officer.
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Discussions with industry and in-country partners have so far foregrounded parametric solutions.
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California wildfire loss notifications relating to 2017 and 2018 fell.
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GWP rose by 17% to $177bn for Aon’s peer group of reinsurers, while their average combined ratio stood at 94.0% – down from 104.4% for the prior-year period.
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The ratings agency said that cat models were not taking into account the full impact of climate change.
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The cat modeller’s estimate follows a $950mn projection from Karen Clark and Company.
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Provinzial confirmed its claims had risen above EUR1bn and it now estimates they could reach EUR1.5bn.
