Explore the Category
Sanlam Global Investment Solutions (SGIS) has today announced that its first investment capability wholly managed by artificial intelligence (AI) and machine learning (ML) will be launched in March 2017.
Guardrisk, a subsidiary of the JSE-listed, MMI Holdings Limited, has acquired the C&G Guarantees and C&G Engineering Risk Underwriters operations from Natsure and C&G Underwriting Managers. C&G Renewable Risk is excluded from this transaction.
Management takes active steps to address some of the shorter term challenges.
• Group net income of USD 3.6 billion, supported by continued solid underwriting performance and strong investment result • Property & Casualty Reinsurance net income USD 2.1 billion; ROE of 16.4% • Life & Health Reinsurance net income USD 807 million; ROE of 12.8% • Corporate Solutions net income USD 135 million; ROE of 6.0% • Life Capital net income USD 638 million; gross cash generation of USD 721 million and ROE of 10.4% • Continued strong investment performance in challenging yield environment; ROI 3.4% • Capacity reduction due to disciplined underwriting in most segments lead to premium volume decrease in January 2017 renewals; price quality exceeds hurdle rate • Board of Directors to propose a rise in regular dividend to CHF 4.85 per share and the authorisation of a new public share buy-back programme of up to CHF 1.0 billion • Swiss Re proposes to elect Jay Ralph and Joerg Reinhardt to the Board of Directors • Matthias Weber to step down as Group Chief Underwriting Officer; Edouard Schmid to succeed him
Are financial advisers ready for the combined impact of COFI and AI?