Swiss Re

AM Best Affirms Credit Ratings of Members of Lumico Life Insurance Group; Withdraws Credit Ratings of Lumico Life Insurance Company of New York

Retrieved on: 
Friday, April 21, 2023
Insurance, Professional Services, AM Best, ALL, ERM, Credit, Medicare, FSR, AM, News, Life insurance, Swiss Re

These two companies are referred to as Lumico Life Insurance Group.

Key Points: 
  • These two companies are referred to as Lumico Life Insurance Group.
  • AM Best notes that Lumico Life Insurance Group's overall ERM program through its parent, Swiss Re Ltd, is being leveraged throughout the whole organization.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Asia's insurance leaders to gather at InsureTech Connect Asia in Singapore to discuss the future of insurance

Retrieved on: 
Tuesday, April 18, 2023
Workforce, Venetian Expo, Insurance, Money, Fintech, Aon, Exhibition, Pitch, MAS, Monetary Authority of Singapore, Swiss Re, Convention center, Labs, AIA, Tutoring, Management

Asia's largest and most important insurance event for insurers and insurtechs, InsureTech Connect Asia will take place from 30 May to 1 June in Singapore.

Key Points: 
  • Asia's largest and most important insurance event for insurers and insurtechs, InsureTech Connect Asia will take place from 30 May to 1 June in Singapore.
  • SINGAPORE, Apr 18, 2023 - (ACN Newswire) - The second annual InsureTech Connect Asia will take place in Singapore from May 30 to June 1, 2023, where insurance industry leaders, professionals, and InsurTech providers from across Asia and beyond will convene to share their successes, strategies, and plans for the future of insurance.
  • Mr. Mohanty will share his vision of the future of fintech and its impact on the insurance industry.
  • InsureTech Connect Asia 2023 will take place at Sands Expo & Convention Centre, Singapore from 30 May to 1 June 2023.

Call for Entries Issued for the 2023 Stevie® Awards for Great Employers

Retrieved on: 
Thursday, April 13, 2023
Ras Al Khaimah Tourism Development Authority, Human resources, IBM, Swiss Re, Onboarding, Stevie Awards, Support, Acqui-hiring, Human resource management, Cathay United Bank, Worldwide, Nursing, Evernote, Megaphone, Skai

FAIRFAX, Va., April 13, 2023 /PRNewswire-PRWeb/ -- The Stevie® Awards has issued the call for entries for the eighth annual Stevie® Awards for Great Employers, which honor the world's best companies to work for and the human resources teams, professionals, suppliers, and new products and services that help to create and drive great places to work.

Key Points: 
  • Fourteen of the 16 HR Individual categories do not require payment of entry fees, including Human Resources Professional of the Year, Onboarding Professional of the Year, Recruiting or Talent Acquisition Professional of the Year, and others.
  • A multi-year sponsor of the Stevie Awards for Great Employers, HiBob is a modern HR Platform designed for modern business.
  • Winners in the 31 industry-specific Employer of the Year categories will be determined by a unique blend of public votes and professional ratings.
  • Public voting will take place from June 29 – July 27.

Swiss Re shareholders approve all proposals at 2023 AGM

Retrieved on: 
Saturday, April 15, 2023
Insurance, Notice, Lead, Vice, Crime, Bank statement, AGM, Corporate law, Article, Climate change, Labor Management Reporting and Disclosure Act of 1959, Annual report, Risk, Management, Professional Football Compensation Committee, Environment, Compensated emancipation, Articles of association, Law, Financial adviser, Holding company, Swiss Re

Zurich, 12 April 2023 – Swiss Re's shareholders approved all proposals put forward by the Board of Directors at today's Annual General Meeting (AGM).

Key Points: 
  • Zurich, 12 April 2023 – Swiss Re's shareholders approved all proposals put forward by the Board of Directors at today's Annual General Meeting (AGM).
  • As previously announced, the dividend payment is declared in US dollars starting this year, to align with Swiss Re's reporting currency.
  • The dividends will be paid converted into Swiss francs, out of voluntary profit reserves and will be distributed beginning 18 April 2023.
  • As announced on 29 March 2023, Sergio P. Ermotti will step down after the AGM and a short handover period.

Skyward Specialty Unveils Leadership Changes in Captives and Programs Divisions

Retrieved on: 
Wednesday, April 5, 2023
Berkshire Hathaway, CG Power and Industrial Solutions, Klatt, Senior, Traveler, Swiss Re, World Wide Association of Specialty Programs and Schools, State National Companies, Management, Captives

About Skyward SpecialtySkyward Specialty (NASDAQ: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting divisions -- Accident & Health, Captives, Global Property, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.

Key Points: 
  • HOUSTON, April 05, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty market, has announced leadership changes as the Company takes action to further invest in its Captives and Programs divisions.
  • Ryan Burke will lead the Programs division following his promotion to Vice President, Specialty Programs.
  • Burke joined the Company in 2021 as underwriting manager and has made significant contributions to the development of the Company's Programs business.
  • Prior to joining Skyward Specialty, he held various underwriting and leadership positions at Swiss Re, Travelers and RT Specialty.

Kin secures $100 million in capacity with second multi-year catastrophe bond issuance

Retrieved on: 
Wednesday, April 5, 2023
Professional Services, Insurance, Finance, Pi bond, Communication, Growth, ILS, Swiss Re, Kin, Financial services, Cryptocurrency

Kin Insurance today announced that the Kin Interinsurance Network, its reciprocal insurance carrier, successfully closed a $100 million private placement catastrophe bond transaction, bringing Hestia Re Ltd.’s (“Hestia Re”) total outstanding limit to $275 million.

Key Points: 
  • Kin Insurance today announced that the Kin Interinsurance Network, its reciprocal insurance carrier, successfully closed a $100 million private placement catastrophe bond transaction, bringing Hestia Re Ltd.’s (“Hestia Re”) total outstanding limit to $275 million.
  • “With our latest catastrophe bond issuance, Kin reaffirms its commitment to the capital markets,” said Angel Conlin, chief insurance officer at Kin.
  • This announcement comes on the heels of Kin’s recent upsize of its Series D round of funding by $15 million, taking the total round to $109 million.
  • This latest financing demonstrates strong investor confidence in Kin’s technology-driven insurance model and its plans for growth and expansion.

Philip Ryan and Philip Evershed Join Bird Board of Directors

Retrieved on: 
Thursday, March 30, 2023
Transportation, EV, Electric Vehicles, Automotive, Technology, Travel, Public Transport, Transport, Vehicle Technology, Apps, Applications, Alternative Vehicles, Fuels, Mobile, Wireless, Investment banking, Iogen Corporation, Human, CIBC World Markets, Credit Suisse, Audit committee, Organization, NYSE, EBITDA, Swiss Re, Power Corporation of Canada, Mergers and acquisitions, Compensated emancipation, Management, Security (finance), Bird

Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced that Philip Ryan, Chairman of Swiss Re America Holding Corp, and Philip Evershed, Managing Partner at PointNorth Capital, have joined the Bird Board of Directors.

Key Points: 
  • Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced that Philip Ryan, Chairman of Swiss Re America Holding Corp, and Philip Evershed, Managing Partner at PointNorth Capital, have joined the Bird Board of Directors.
  • “In recent months, we’ve significantly expanded the leadership on our management team and Board of Directors, adding people with even more experience scaling companies profitably,” said Shane Torchiana, CEO, Bird.
  • Mr. Ryan will serve on the Audit Committee of the Bird Board of Directors and Mr. Evershed will serve on the Compensation Committee of the Bird Board of Directors.
  • Mr. Ryan and Mr. Evershed join current Bird Board of Directors members Travis VanderZanden (Chair), John Ivan Bitove, Robert Komin, Jim Mutrie, Antonio Occhionero, Racquel Russell, and Kevin Talbot.

Insured losses from natural catastrophes break through USD 100 billion threshold again in 2022

Retrieved on: 
Wednesday, March 22, 2023
Insurance, Eunice, Risk assessment, Hurricane Ian, Swiss Re, USD, Sigma, Flood, Climate change, Hurricane Katrina, Risk, United Kingdom, Natural disaster, Weather, Property insurance

This reaffirms the trend of a 5–7% average annual increase in insured losses over the past three decades, reveals Swiss Re’s latest sigma report.

Key Points: 
  • This reaffirms the trend of a 5–7% average annual increase in insured losses over the past three decades, reveals Swiss Re’s latest sigma report.
  • "While inflation may subside, increasing value concentration in areas vulnerable to natural catastrophes remains a key driver for increasing losses.
  • This resulted in insured losses of USD 4.3 billion, the biggest natural catastrophe claims event ever in Australia.
  • In Brazil, crop yields, particularly soybean and corn, suffered most, resulting in insured losses of USD 1 billion.

Procore Launches Construction Insurance Brokerage to Empower Builders

Retrieved on: 
Tuesday, March 21, 2023
Software, Banking, Accounting, Professional Services, Fintech, Data Management, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Insurance, Finance, Communication, Partnership, Freedom, Risk management, Swiss Re, App, Suite, Risk, PRA, NYSE, Construction, Procore

Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced its latest offering, Procore Risk Advisors, which will simplify and improve one of the construction industry’s biggest challenges: insurance.

Key Points: 
  • Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced its latest offering, Procore Risk Advisors, which will simplify and improve one of the construction industry’s biggest challenges: insurance.
  • Procore Risk Advisors is a modern construction brokerage offering enhanced insurance solutions, including exclusive A+ rated insurance programs in partnership with Allianz Global Corporate & Specialty and Swiss Re.
  • "For the past two decades, Procore’s vision has been to improve the lives of everyone in construction, and Procore Risk Advisors helps us further this vision by modernizing the construction insurance space,” said Tooey Courtemanche, Founder, President and CEO of Procore.
  • Procore Risk Advisors (PRA) is a brand of Procore Insurance Services, Inc. Surety and insurance products provided by Procore Insurance Services, Inc., 221 W 6th Street, Suite 1800, Austin, TX 78701.

CompScience Launches AI-Powered Workers’ Comp Product Backed by Nationwide and Swiss Re

Retrieved on: 
Monday, March 20, 2023
Insurance, Accident, Workplace, Swiss Re, Risk, SAN, MGA, Actuary, Benchmarking, Comp, Nationwide, SVP, Data science, Risk management, COLUMBUS

“We are pleased to be partnering with Nationwide and Swiss Re so that we can bring the disruptive power of computer vision and data science to help reduce losses on Workers’ Comp policies," explained Josh Butler, Founder and CEO, CompScience.

Key Points: 
  • “We are pleased to be partnering with Nationwide and Swiss Re so that we can bring the disruptive power of computer vision and data science to help reduce losses on Workers’ Comp policies," explained Josh Butler, Founder and CEO, CompScience.
  • "Both Nationwide and Swiss Re recognize that insurance products are ripe for innovation and we are ready to go to market now that we’ve proven the impact of our approach.
  • We work tirelessly to eliminate workplace hazards and accidents so that everyone can go home safely each day,” said Jacob Geyer, Chief Insurance Officer, CompScience.
  • "Our predictive risk models enable benchmarking against the market, monitor portfolio trends, and allow CompScience to quantify the value of its risk mitigating technology."