The protection sector has received its biggest indication yet Swiss Re may be prepared to consider re-entering the guaranteed critical illness market, following the confirmation of a key appointment at the reinsurance giant.
It has been confirmed Alberto Izaga, who is currently ceo of GE Insurance Solutions, will become head of life and health products at Swiss Re if the merger between the two firms is successfully completed later this year, as anticipated. A presentation to investment analysts by Swiss Re on Thursday 2nd March revealed Izaga would take up a major role with the reinsurance firm if the merger is completed with regulatory approval. Industry sources say Izaga’s expected arrival at Swiss Re later this year could give the guaranteed CI market a crucial boost, as GE Frankona – current owner of GE...
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