Swiss Re

Swiss Re ceded an additional $900mn of risk to the alternative reinsurance market in 2019.

Everest, Swiss Re, Aspen and other reinsurers were accused by Integrand of delaying payment of claims from Irma and Maria.

The carrier's Sector Re sidecar has now reached roughly $1bn in size.

The reinsurer said use of third-party capital will limit its net retentions while permitting overall growth.

Hurricane Dorian and Typhoon Faxai losses have hit (re)insurers following a relatively benign first half of the year for catastrophe activity.

The latest Sigma report said that continuing economic uncertainty will not halt premium expansion.

Faxai and Dorian claims pushed year-to-date cat losses taken by the P&C reinsurance unit to $1.1bn.

Investors are taking a broader look when evaluating transactions with more emphasis on qualitative attributes of sponsors, according to the firm.

Carriers also need to co-operate to ensure that certain insureds don’t lose out from technological advancement, the executive said.

The new Alternative Capital Partners entity unites the resources and capabilities of both teams, Swiss Re said.

Insurers can target at least a 2 percent to 5 percent improvement in loss ratios across a range of business lines with use of advanced analytics, according to the report.

Natural catastrophe losses were around $15bn, with man-made disasters coming in $4bn.