NEW YORK--The insurance industry has gone through many financial difficulties, and it will be able to sustain itself through the current financial crisis and come out stronger for it, said Pierre L. Ozendo, chairman and chief executive officer of Swiss Re America Corporation.
Mr. Ozendo made the remarks during the second annual Insurance Industry Charitable Foundation dinner held in his honor Wednesday night in New York.
"As an industry, we have weathered cycles and weathered hurricanes," said Mr. Ozendo. "Swiss Re was there to answer the call after the 1906 San Francisco earthquake. Many of the companies represented in this room have a long history and came through the Depression and other financial crises. As difficult as this current crisis is, we will emerge from this one with our risk management focus intact, dedicated as ever to providing protection, diversification and financial leadership."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
