Swiss Re announced that John Dacey, currently group chief strategy officer, has been appointed group chief financial officer, effective April 1, 2018. He succeeds David Cole, who will step down to pursue a non-executive career, while remaining a board member …
Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third quarter. For the industry overall, Zurich-based Swiss …
Swiss Re reported net income of US$656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year. Swiss Re’s Q1 result was hammered by expected claims from natural catastrophe …
Swiss Re Ltd. Chief Financial Officer David Cole expects consolidation in the reinsurance market as oversupply of capital squeezes prices. “Selling property and casualty reinsurance is becoming more difficult for us as well,” Cole, 53, said in an interview in …
Swiss Re’s new Chief Financial Officer, David Cole, said high yields for insurance-linked securities [ILS], such as catastrophe bonds, may lure inexperienced buyers not prepared for the risks they carry. “The fact that no major natural catastrophes have occurred over …
