Daily Digest: Swiss Re warns of $300bn loss year, P&I clubs to face push back on rate hikes, Marsh McLennan rebrands

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Industry likely to face $300bn loss year in the next decade: Swiss Re A $300bn insured natural catastrophe loss year is likely to happen within the next 10 years, a senior executive at Swiss Re said. Leopoldo Camara, the reinsurance giant’s head of property/casualty (P&C) reinsurance for northern, central and eastern Europe, said this year would be the fifth year in a row that global insured losses had topped $100bn. Speaking to journalist ahead of the Baden-Baden reinsurance meeting next week, Camara said: “$100bn-plus natural catastrophe years are becoming the norm or have become a norm.