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Global insurance premiums from data centres expected to rise to $24.2 billion by 2030 from $10.6 billion, Swiss Re says

Global insurance premiums from data centres expected to rise to $24.2 billion by 2030 from $10.6 billion, Swiss Re says

by AIP Online Bureau | Mar 30, 2026 | Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology

“They’re not just buildings, they are highly integrated systems where you have power, cooling, hardware, and software that all depend on each other,” said Swiss Re’s Head of Engineering and Nuclear Jimmy Keime Fast growth in data centre...
Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO

Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO

by AIP Online Bureau | Mar 24, 2026 | International News, Non-Life, Reinsurance

Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over from Apr 20, is currently based in Singapore and handles markets like India, Korea, Hong Kong and Taiwan, for Swiss Re. Hong Kong:Victor Kuk, Swiss Re’s Head of Client Markets for P&C...
Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re

Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re

by AIP Online Bureau | Mar 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“According to our modelled peak-loss scenario, insured losses could even climb to about USD 320 billion in 2026. As exposure keeps building, the upward trend in insured losses is structural and it is critical to identify the risk drivers behind this to manage...
Swiss Re to acquire QBE’s Global Trade Credit and Surety business

Swiss Re to acquire QBE’s Global Trade Credit and Surety business

by AIP Online Bureau | Feb 20, 2026 | International News, Non-Life, Reinsurance, Risk Management

Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: “This acquisition marks an important milestone for Swiss Re Corporate Solutions. It allows us to expand our offering in this attractive segment by strengthening our global credit and surety platform with...
Catastrophe bonds linked to wildfires lose ‘untouchable’ status

Catastrophe bonds linked to wildfires lose ‘untouchable’ status

by AIP Online Bureau | Dec 21, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

More than $5 billion of cat bonds with some level of exposure to wildfire risk were issued by insurers and sold to investors this year, according to Artemis, a specialist in insurance-linked securities that tracks market trends. That’s more than twice the level in...
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