Swiss Re

Jordan Lotsoff Named Vice President of Fundamental Underwriters

Retrieved on: 
Wednesday, May 31, 2023
Insurance, Bachelor of Science in Human Biology, Swiss Re, Health, Creative leadership, P&C, Organization, University of Illinois Urbana-Champaign, Delta Upsilon, Northern Illinois University, AF Group, AF, Fundamental, Law, Management

LANSING, Mich., May 31, 2023 /PRNewswire/ -- AF Group has announced Jordan Lotsoff as vice president of Fundamental Underwriters, establishing new leadership in the organization's growing brand which offers insurance products designed for trucking accounts, healthcare and non-profit organizations.

Key Points: 
  • LANSING, Mich., May 31, 2023 /PRNewswire/ -- AF Group has announced Jordan Lotsoff as vice president of Fundamental Underwriters, establishing new leadership in the organization's growing brand which offers insurance products designed for trucking accounts, healthcare and non-profit organizations.
  • AF Group has announced Jordan Lotsoff as vice president of Fundamental Underwriters.
  • With over 30 years of experience in the P&C market, Jordan most recently served as divisional chief underwriting officer for Everest Insurance Company.
  • "We're so pleased to welcome Jordan to the Fundamental team," said Kelly Fusner, president of Specialty Lines for AF Group.

Xchange Benefits to host Experience Xchange educational symposium

Retrieved on: 
Thursday, May 25, 2023
Education, Training, Professional Services, Insurance, Xchange, McGuire family, Indiana University, Senior, X-Change, Life, Convention center, Swiss Re, Lushin Dubey, Principal, Patterson Belknap Webb & Tyler, Conference, Management, Markel Corporation, Ambac

Xchange Benefits LLC, a property and casualty managing general underwriter specializing in accident and health insurance, today announced it will host an educational symposium, Experience Xchange, June 5-7 in Bloomington, Ind.

Key Points: 
  • Xchange Benefits LLC, a property and casualty managing general underwriter specializing in accident and health insurance, today announced it will host an educational symposium, Experience Xchange, June 5-7 in Bloomington, Ind.
  • The two-day event will take place at the Biddle Hotel and Conference Center at Indiana University.
  • It will also include a leadership training session led by Emily Shaw of sales and management consulting firm Lushin.
  • “The Experience Xchange is exactly what it says, an opportunity for valued partners to spend time with the Xchange team and to share valuable insights and experiences with each other,” McGuire said.

Next wave of life expectancy gains is on the horizon, says Swiss Re report

Retrieved on: 
Monday, May 22, 2023
Blood pressure, Insurance, Male, Medicine, Obesity, Life, Health, Cholesterol, COVID-19, Cancer, Longevity, Woman, Intelligence, L&H, Life expectancy, Messenger, Violent crime, Alzheimer's disease, Dementia, Forecasting, Diagnosis, Mortality, Public policy, Smoking cessation, Convenience food, Pharmaceutical industry, OECD, Swiss Re

Paul Murray, Swiss Re's CEO of L&H Reinsurance, explains: "While people continue to dream of life expectancy surpassing 100 years, the gains of the last century are under threat.

Key Points: 
  • Paul Murray, Swiss Re's CEO of L&H Reinsurance, explains: "While people continue to dream of life expectancy surpassing 100 years, the gains of the last century are under threat.
  • Life expectancy improvements typically come in waves following major medical breakthroughs or large-scale social trends, such as smoking cessation.
  • In the twentieth century, pharmaceutical innovations which lowered blood pressure and cholesterol triggered a steep improvement in life expectancy.
  • According to Swiss Re's report, advances in cancer treatments and diagnosis have the highest potential to kickstart life expectancy improvements.

AM Best Affirms Credit Ratings of Vietnam National Reinsurance Corporation

Retrieved on: 
Friday, May 12, 2023
Consulting, Professional Services, Insurance, Finance, Good, Risk management, Communication, AM Best, ALL, ERM, Customer attrition, Vinare, Credit, Government, Risk, AM, Growth, News, Swiss Re

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Vietnam National Reinsurance Corporation (VINARE) (Vietnam).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Vietnam National Reinsurance Corporation (VINARE) (Vietnam).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Federal Life Partners with Swiss Re and Leading Insurtech Company to Bring a New Digital-First Insurance Solution to Market

Retrieved on: 
Tuesday, May 9, 2023
Insurance, IDBI Federal Life Insurance, Small business, Gen, Life, Universal Life, LTC, Parent, Policy, Long-term care, Ageing, Federal, Sale, Swiss Re, Organization, Fintech, Family, Mutual Life Insurance Company of New York, Magnum, Caregiver, Life insurance

The policy is designed to evolve and grow in value over time to meet changing customer needs.

Key Points: 
  • The policy is designed to evolve and grow in value over time to meet changing customer needs.
  • Federal Life has brought the product to market with a six-month soft launch period limited to a select group of distributors until the product is made more widely available later this year.
  • “Finding ways to make life insurance meet the needs of more consumers is a key focus area for us as we strive to close the life insurance protection gap,” said Kim Poulopoulos, Head Life & Health Growth Innovation Americas, Swiss Re.
  • “This feature makes the policy likely to qualify for state-legislated LTC initiatives similar to the Washington Cares Act,” said Ray.

Sergio P. Ermotti to step down as Swiss Re Chairman on 30 April 2023 after handover to Vice Chairman Jacques de Vaucleroy

Retrieved on: 
Friday, April 28, 2023
Insurance, Notice, Lead, Crime, Climate change, Risk, Executive Committee, UBS, Railway Executive Committee, Law, Management, Swiss Re

As previously announced, Jacques de Vaucleroy, Vice Chairman and Lead Independent Director, is leading the search for a successor and will chair the Board in the interim.

Key Points: 
  • As previously announced, Jacques de Vaucleroy, Vice Chairman and Lead Independent Director, is leading the search for a successor and will chair the Board in the interim.
  • Swiss Re's strategic goals are clear, and I am convinced that the company is well positioned to thrive."
  • The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients.
  • Further information on forward looking statements can be found in the Legal Notice section of Swiss Re's website .

SafePort and SageSure Close Debut $125 Million Gateway Re II Catastrophe Bond at a 25% Upsize

Retrieved on: 
Wednesday, April 26, 2023
Professional Services, Insurance, Finance, Partnership, Bookrunner, SEC Rule 144A, Swiss Re, SURE, ILS, Risk, Reinsurance

SafePort Insurance Company, a highly rated property insurer, and SageSure , a leading provider of catastrophe-exposed property insurance, have partnered to successfully close on the placement of a $125 million Rule 144A catastrophe bond.

Key Points: 
  • SafePort Insurance Company, a highly rated property insurer, and SageSure , a leading provider of catastrophe-exposed property insurance, have partnered to successfully close on the placement of a $125 million Rule 144A catastrophe bond.
  • The bond closed at a 25 percent upsize from the initial $100 million transaction target, with pricing at the bottom-end of initial guidance.
  • Gateway Re II Ltd. Series 2023-1 represents SafePort’s first cat bond sponsorship, and the deal’s oversubscription reflects SageSure’s established reputation with global insurance-linked securities (ILS) investors.
  • “The successful execution for SafePort is evidenced by both the notional upsize and pricing at the low end of guidance.

NextGen, a South Pole/Mitsubishi Corporation joint venture, establishes world's largest diversified portfolio of permanent carbon dioxide removals to scale the market

Retrieved on: 
Wednesday, April 26, 2023
Carbon, Boston Consulting Group, Partnership, Nextgen, DACS, Life, Carbon dioxide removal, EVP, Mitsubishi Group, LGT, History, Swiss Re, Certification, Mitsubishi Corporation, Organization, CDR, Charles, IPCC, Investment, ICROA, Liechtenstein, UBS, Growth, High-integrity pressure protection system, Biomass, Mitsui O.S.K. Lines, CO2, Renewable energy

200,000 tonnes of CDRs from carbon removal projects that will constitute the world's largest diversified portfolio of CDRs once delivered.

Key Points: 
  • 200,000 tonnes of CDRs from carbon removal projects that will constitute the world's largest diversified portfolio of CDRs once delivered.
  • NextGen plans to purchase over one million CDRs by 2025 and advocate the CDR market development.
  • Lines, Ltd.
    "Permanently removing carbon dioxide from the atmosphere at scale is vital to achieving net-zero by 2050 and meeting the Paris agreement.
  • "The voluntary carbon market is a powerful tool when financing carbon removal projects, achieving meaningful reductions in greenhouse gas emissions, and improving long-term environmental outcomes.

Swiss Re Reinsurance Solutions forms strategic partnership with Benekiva to create an end-to-end digital claims management solution

Retrieved on: 
Tuesday, April 25, 2023
Swiss Re, Insurance, Amazon, Risk management, Partnership, Life, Life insurance, Cryptocurrency

The Integrated Claims Management Platform is a unique end-to-end solution for digital claims management.

Key Points: 
  • The Integrated Claims Management Platform is a unique end-to-end solution for digital claims management.
  • The platform supports digital claims intake, holistic workflow, correspondence, and document management, claims risk scoring and triaging, and built-in payout and audit capabilities.
  • The goal of this partnership is to help insurers create operational efficiencies that improve the speed and consistency of claims decisions while providing a digital, empathetic, and streamlined customer experience.
  • The alliance not only increases operational efficiency but also makes the claims process as smooth as possible for beneficiaries during a difficult time.

Reuters Events Invites CAT Leaders from USAA, Plymouth Rock and Swiss Re to Talk NatCat Claims Prediction, Preparation and Response

Retrieved on: 
Tuesday, April 25, 2023
Swiss Re, USAA, Insurance, AI, Reuters, CAT

This highlighted the need for insurance claims organizations to be accurate, resilient, and faultless in predicting, preparing for, and responding to catastrophes.

Key Points: 
  • This highlighted the need for insurance claims organizations to be accurate, resilient, and faultless in predicting, preparing for, and responding to catastrophes.
  • As the industry anticipates the next NatCat event, it is critical to have confidence in delivering the expected levels of service during critical moments.
  • On March 21, 2023, CAT claims leaders from USAA, Plymouth Rock, and Swiss Re joined a 1-hour interactive webinar session, hosted virtually by Reuters Events Insurance.
  • The webinar offered an opportunity for claims leaders across North America to learn, benchmark, and ask questions.