Swiss Re News

4 Lessons From Hurricane Andrew

It’s been 25 years since Hurricane Andrew struck the coast of Florida on August 24, 1992. The state was no match for the 17-foot storm surge and high winds the category 5 storm produced. Andrew became the costliest disaster in …

Swiss Re: Much Lower Catastrophe Costs in First Half of 2017 Versus 2016

According to preliminary sigma estimates, global total economic losses from natural catastrophes and man-made disasters in the first half of 2017 were $44 billion. That was well below the first half annual average of $120 billion of the last 10 …

Insurer Says Miami is Even More Vulnerable to Hurricanes Like Andrew

Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’ analysis. At the time, Hurricane Andrew was the most …

Swiss Re Estimates 2016 Cat Insured Losses at $49B

Earthquakes, hail, thunderstorms and Hurricane Matthew resulted in the largest insurance losses in 2016. Total economic losses from natural catastrophes and man-made disasters in 2016 are estimated to be $158 billion in 2016, according to figures released by Swiss Re. …

People News: CSAA, Swiss Re, State Auto

CSAA Insurance Group Appoints Huebner Chief Risk Officer CSAA Insurance Group, a AAA Insurer, announced the appointment of Jeff Huebner as the company’s new chief risk officer. In his new role, Huebner will be responsible for managing all aspects of …

Business News: Windham Group, MedRisk, Swiss Re

Windham Group Establishes New IME Company Serving Workers’ Comp Industry N.H.-based The Windham Group has launched Logical IME, a new independent medical examination company serving workers’ compensation payers. Conducted by physicians who specialize in treating the condition and who have …

People Moves

Swiss Re Corporate Solutions Appoints Gonzalez as CEO North America Swiss Re Corporate Solutions announced the appointment of Ivan Gonzalez as CEO North America. He moves from his current position as CEO Latin America and assume the new role on …

People Moves

Chubb’s Wikoff Appointed CNA AVP, Management Liability Zone Leader CNA appointed Mike Wikoff assistant vice president, Management Liability Zone leader for the Central Zone. In this role, Wikoff is responsible for providing overall Public and Private Company management liability underwriting …

People Moves

Walsh Joins York as President, Risk Management Practices York Risk Services Group, a national provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, named Patrick J. Walsh as president of York’s …

Swiss Re Ranks 2015 Disasters, February Winter Storm is Biggest Loss in U.S.

Insured losses from global catastrophes and man-made disasters reached $37 billion in 2015, well-below the $62 billion average of the previous 10 years. The Tianjin explosions caused the biggest insured loss, according to the latest Swiss Re sigma study. There …