21 April 2018

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Swiss Re guns for US E&S with standalone unit

13 April 2018

In a sign of the continuing blurring of distinction which characterises the contemporary commercial lines space, struggling primary division Swiss Re Corporate Solutions (SRCS) has launched a standalone excess and surplus lines (E&S) business unit for the North American market.

The move follows a difficult 2017 for SRCS, which swung to a net loss of $741mn for the year, compared to a profit of $135mn in 2016, as both recent cat exposures and US casualty claims from 2015/6 began to...

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