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Paid How can parametric solutions help your company prepare for the unexpected?

November 20, 2023 Swiss Re Corporate Solutions

Although relatively infrequent, British Columbia (BC) is not immune to earthquakes. The last major earthquake to strike BC was centuries ago, understandably justifying why they are rarely front of mind for corporates and public entities. As a result, we see

Marc Ross, head of property and specialty in Canada for Swiss Re Corporate Solutions
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Swiss Re names new Canadian head of property and specialty

July 21, 2023 by David Gambrill

Marc Ross will be the new head of property and specialty in Canada for Swiss Re Corporate Solutions effective Sept. 1, the company announced. Ross’s appointment is aligned with the date James Gasco becomes head of Canada for Swiss Re

Adrian Hall, Swiss Re Corporate Solutions
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Canadian P&C industry luminary to head over the pond

May 11, 2023 by David Gambrill

Canadian property and casualty insurance industry luminary Adrian Hall will be taking on a new role as head of Swiss Re Corporate Solutions’ UK, Ireland, South Africa and EMEA (Europe, Middle East and African) Wholesale division in September 2023. Hall

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Will the multi-billion-dollar Cat loss trend continue indefinitely?

March 22, 2023 by Jason Contant

Global insured losses from natural catastrophes reached US$125 billion in 2022, the second consecutive year in which insured losses from NatCats exceeded US$100 billion, according to the latest sigma study from Swiss Re Institute. And it looks like this trend

Swiss Re Canada president and CEO Jolee Crosby
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Swiss Re’s new Canadian president and CEO

February 21, 2023 by Alyssa DiSabatino

Jolee Crosby has been appointed president and CEO of Swiss Re Canada & English Caribbean and will succeed Monica Ningen, who has been named CEO of U.S. P&C Reinsurance at Swiss Re. Both roles are effective July 1.   Crosby

Oil drills in a row on the left and right, in the foreground of a sunset.
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Has Russia-Ukraine hindered insurers’ ESG plans?

February 13, 2023 by Alyssa DiSabatino

Insurers with ESG plans are still sticking to their guns to stop backing fossil fuels and thermal coal, even as geopolitical events like Russia’s Ukraine invasion put strain on the international energy sector, an industry expert told delegates at CatIQ

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Swiss Re starts 2023 with new name in Canada

January 3, 2023 Canadian Underwriter Staff

A new year, a new name. Swiss Re Corporate Solutions received regulatory approval from the Office of the Superintendent of Financial Institutions (OSFI) to establish a Canadian branch of Swiss Re Corporate Solutions America Insurance Corporation (SRCSAIC). The new branch

Hay bales float in flood waters amidst rows of corn in Nova Scotia's Colchester County.
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Swiss Re report shows trajectory of insured flood losses

September 2, 2022 by Alyssa DiSabatino

Insured flood losses doubled to $80 billion during 2011-20 compared to the previous decade, and global flood losses reached $20 billion alone in 2021, Swiss Re reports.  “Increased wealth, larger populations and urbanization have raised flood risk exposures across the

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Risk of flood loss is now on par with primary perils: Swiss Re

March 31, 2022 by Alyssa DiSabatino

Secondary peril events such as flooding are becoming just as big of a threat — or worse — to global property and casualty insurers than primary perils, Swiss Re Institute’s recent sigma study finds. “The loss potential from single flood

A closeup of a seismograph machine needle drawing a red line on graph paper depicting seismic and earthquake activity - 3D render
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Parametric insurance: a solution for businesses of any size?

March 4, 2022 by Alyssa DiSabatino

Natural catastrophes can affect businesses of any size, and parametric insurance can provide solutions for small accounts, too — not just large ones, panellists said at a Canadian Underwriter webinar on Wednesday.   Parametric insurance is a type of index-based insurance

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These socioeconomic factors are driving up property claims

December 7, 2021 by Greg Meckbach

Urbanization, the increasing popularity of solar panels and a greater awareness of what is covered insurance are among the factors driving an escalation of insured property losses, a speaker suggested at last week’s CatIQ Connect conference. “Urbanization means that we

News CatastrophesClaimsClimate Change

Can we blame climate change for B.C. ‘atmospheric river?’

December 2, 2021 by Greg Meckbach

We can’t say for sure that climate change has caused the heavy rainfall and severe floods and landslides currently affecting British Columbia, but global warming is making disasters like this more likely, a Swiss Re speaker suggested Thursday. “Warmer air