Swiss Re
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Positive cat experience impact of $600mn was offset by $500mn in property and specialty reserves. -
The P&C Re CoR came in at 84.5%, a 10.2-point YoY improvement.
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The firm predicts 2024 will be a record year for primary issuance.
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The peril can no longer be considered secondary, according to Gallagher Re.
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Philipp Ruede spent 12 years at the broker performing several roles.
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The insurance sector’s RoE is expected to exceed 10% next year.
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The Italian hailstorm event in the summer 2023 saw estimated losses nearly triple.
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CFO Dacey said ILS investors were not extrapolating too much emphasis from strong returns in 2023.
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P&C re and CorSo reported improved net profits and combined ratios for the quarter.
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The former Neuberger Berman managing director confirmed the new role in a LinkedIn post.
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Diversification in perils and regions can help the market grow.
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Severe convective storms were the biggest driver of last year’s losses.
