Canadian Underwriter

Keyword
Swiss Re

News Appointments

New Allianz head of global liability has Canadian roots

October 10, 2018 by Greg Meckbach

Ciara Brady, who previously worked in Toronto for both Swiss Re and Chubb, becomes head of global liability for Allianz Global Corporate and Specialty effective Jan. 1, AGCS announced Tuesday. Brady will work out of Zurich and succeed Michael Hohmann

News InsuranceMarkets / CoveragesReinsurance

This reinsurer says rates need to go up

September 10, 2018 by Jason Contant

Underwriting margins will need to improve by at least six to nine points in major western markets to deliver sustainable returns, according to the latest sigma report from global reinsurer Swiss Re. The report Profitability in non-life insurance: mind the

News ClaimsInsurance

The new threat facing Fort McMurray (and other parts of Western Canada)

June 11, 2018 by Jason Contant

With hundreds of claims from the 2016 Fort McMurray wildfire still unresolved as of late last month, Alberta residents could be forgiven for still worrying about wildfire risks in their own backyard. The Canadian Press recently reported that as of

Veronica Scotti, President and Chief Executive Officer, Swiss Re Canada
News Appointments

New CEO for Swiss Re Canada, as Scotti moves into new role

June 1, 2018 by Greg Meckbach

Veronica Scotti, president and CEO of Swiss Re Canada, has been appointed chairperson of global partnerships for the reinsurer. Scotti has been Swiss Re Canada CEO since 2015, when she replaced Sharon Ludlow.  Scotti joined Swiss Re in London, England

News InsuranceMarkets / CoveragesReinsuranceTechnology

Comparing insurance contracts? How AI can help expedite the process

March 5, 2018 by Jason Contant

Global reinsurer Swiss Re is employing artificial intelligence (AI) to trace relationships between insurance contracts, all the way down to a single clause, allowing underwriters to process a submission much faster. Mike Fitzgerald, senior insurance analyst with financial consulting firm

Feature Appointments

Gavan’s Global Perspective

February 21, 2018 Greg Meckbach, Associate Editor

Huge gaps in earthquake coverage in eastern Canada, the impact of climate change on property damage, and harmonizing regulations across the globe are all top of mind for Karen Gavan, the former CEO of Waterloo, Ont.-based Economical Insurance. Perhaps best

News CatastrophesInsuranceReinsurance

Insurers urged to play a role in rebuilding economies after disasters

February 9, 2018 by David Gambrill

Insurers should be giving more thought to planning how to rebuild economies in the aftermath of a crisis, a reinsurance executive urges. “To my mind, what is often seemingly forgotten is the piece of economic resilience,” says Alex Kaplan, head

News CatastrophesInsurance

Natural disaster recovery: Who owns the risk?

January 31, 2018 by David Gambrill

Canadians are not fully aware of their exposure to natural catastrophe risks, triggering a conversation at the C4 2018 conference in Ottawa about who is responsible for shouldering the heavy load of mounting disaster recovery costs. Organized by Catastrophe Indices

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Guess how much a magnitude-5.8 earthquake in eastern Canada could cost insurers?

January 15, 2018 Peter Rakobowchuk - THE CANADIAN PRESS

MONTREAL – While people in British Columbia are mindful of the fact they could eventually face some of the strongest earthquakes in the world, at least one study warns there’s a lack of awareness of the risk in Eastern Canada.

News ClaimsInsuranceMarkets / Coverages

Eastern Canadian earthquake risk a “huge opportunity” for industry

December 21, 2017 Greg Meckbach, Associate Editor

Complacency about real risks, such as an earthquake affecting Eastern Canada, present a “huge opportunity” for insurance providers to educate consumers, a former Economical Insurance CEO said Monday. “Human beings really don’t like thinking about the bad things that could

News CatastrophesClaimsInsuranceMarkets / CoveragesReinsurance

Economic losses top US$300 billion in 2017

December 20, 2017 by Canadian Underwriter

Insured losses from natural catastrophes in 2017, at more than US$130 billion, were more than double the average of the previous 10 years, and more than US$90 billion in losses is probably from three hurricanes alone, Swiss Re said Wednesday.

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Hurricanes, earthquakes contribute to Group 9M net loss of US$468 million for Swiss Re

November 3, 2017 by Canadian Underwriter

Swiss Re has reported a Group net loss of US$468 million for the first nine months of 2017, reflecting the US$3.6 billion expected insurance claims from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. Property & Casualty Reinsurance’s and