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Swiss Re boosts profits to $3.2bn, and pegs LA fire losses at less than $700m - UPDATED

Group also confirm's CRO Patrick Raaflaub to retire in September

Reinsurers set optimistic business targets for 2025 with pricing to remain strong

Companies say there are favourable market conditions

Scor and Swiss Re heap praise on "game-changing" upgrades to generative AI

Top executives describe "really staggering" applications to their operations

Swiss Re "thinks like a software company", proclaims CEO Andreas Berger

Berger notes half of industry's secondary perils exposure only covered by models since 2019

Swiss Re CEO Andreas Berger joins Insurance Development Forum steering committee

Swiss Re's group CEO Christian Mumenthaler to step down

Spokesperson confirms his departure is not into retirement

Swiss Re on a mission to embed insurance in daily activities

Approach will take a decade to develop, says iptiQ CEO