Swiss Re

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.

CUO Schmid noted that its catastrophe growth came after it reduced its market share in 2018.

The reinsurer said its nat-cat exposure is at the highest level since 2015, with support from third-party capital.

The US remains the largest insurance market, accounting for $1.5tn of global life and non-life premiums.

The executive is to move from the equivalent role in the EMEA region as the current Asia chief moves to AIA.

A paper by academics at Hamburg University compared the results of the Swiss Re global cat bond indices against indices from various other sectors.