Swiss Re CEO optimistic on China prospects & more…Keep up with what has been happening this week in our latest insurance news round-up…

Swiss Re CEO optimistic on China prospects

Christian Mumenthaler, CEO of Swiss Re, anticipates significant growth in China’s insurance sector, which is projected to double over the next decade.

Aon profit misses estimates on weakness in US retail brokerage business

Aon’s first-quarter profit missed estimates on Friday due to underperformance in its U.S. retail brokerage business, sending its shares down nearly 9%.

Nicola George to replace Mike Crane as MD at Allianz’s personal lines broker business

Allianz has thanked Mike Crane for his dedicated contribution following his decision to leave his role as Managing Director (MD) of Allianz’s personal lines broker business in the UK, which rebrands next Wednesday from LV= Broker to Allianz. He is replaced by Nicola George, subject to regulatory approval.

Sapiens launches revamped reinsurance and analytics solution

Insurance solutions provider Sapiens has announced the rollout of Version 9 of its Sapiens ReinsuranceMaster, with the latest update introducing a series of technological advancements and functional improvements aimed at enhancing the efficacy of insurers and reinsurers.

WTW again honored as a top innovative outsourcing provider and advisor in the world

WTW, a leading global advisory, broking and solutions company, today announced that it has again been named to the prestigious International Association of Outsourcing Professionals’ (IAOP’s) 2024 Global Outsourcing 100®. This marks the 13th consecutive year WTW has been recognised as one of the best outsourcing providers and advisors in the world.