Jean-Jacques Henchoz, who was previously in change of the EMEA region of Swiss Re, has been named as the German (re)insurer’s new chief executive officer.
The California Earthquake Authority (CEA) has returned to the cat bond market with a single tranche of class D Ursa Re notes, for which it is offering an initial spread of 490-540 bps.
The Swedish insurers’ association Svensk Forsakring has estimated the fires that swept through Swedish forests from May to July will lead to insured losses of SEK800mn ($87mn).
