Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re
Dec 20 2019 // Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual average (US$75 billion) of the previous 10 years, according to preliminary sigma estimates from Swiss Re...
Starr Taps Swiss Re’s Nawrath as Underwriting Chief for New Aviation Unit in Germany
Dec 18 2019 // Starr Insurance Cos. announced the appointment of Carsten Nawrath as Aviation underwriting manager, leading the build-out of a new Aviation insurance operation based in Munich, Germany. The operation will write aerospace...
Swiss Re to Sell U.K. Insurer ReAssure to Phoenix Group for $4.3B in Cash, Shares
Dec 6 2019 // Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As part of the agreement, which values ReAssure at £3.25 billion ($4.3 billion), Swiss Re will receive a...
Swiss Re Corporate Solutions ONE Form Offers Standardized Global Property Policy
Dec 4 2019 // Swiss Re Corporate Solutions has launched ONE Form, a tool designed to create standardized master and local policies. The ONE Form wording enables the closest possible alignment of master and local policies, while...
Insurance Premiums to Grow 3% Despite Economic Slowdown: Swiss Re
Nov 14 2019 // Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report. Rising lost costs will fuel the moderate but steady...
Swiss Re Names Mazzoleni Neglén as Head of Customer Experience, Global Sales
Nov 13 2019 // Swiss Re Corporate Solutions (SRCS) has appointed Loredana Mazzoleni Neglén as head Customer Experience & Global Sales Steering, effective Feb. 1, 2020. In this newly created role, Mazzoleni Neglén “will be...
Are Employees Pushing Insurers to Shun Coal in Climate Change Movement?
Nov 7 2019 // Seventeen insurers have restricted insurance services to coal projects in the past two years. A dozen insurers have adopted policies to stop all direct insurance coverage to new coal projects – among them are Allianz,...
China Pacific Eyes Swiss Re Stake but Real Target Might Be London Listing: Opinion
Nov 7 2019 // It’s a deal linking Shanghai and Zurich, but the real target looks to be London. China Pacific Insurance (Group) Co. is in talks to invest at least $2 billion in Swiss Re AG, Manuel Baigorri of Bloomberg News...
Swiss Re’s Kaplan Joins North Carolina-Based AmWINS Group
Nov 7 2019 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has named Alex Kaplan executive vice president for Alternative Risk. In his new role, Kaplan will lead a new strategy around the...
Swiss Re Explores Investment in China Pacific Insurance
Nov 6 2019 // Swiss Re is looking at buying a stake in China Pacific Insurance Co. (CPIC) via a primary offering of the Chinese company’s securities, the Swiss reinsurer said on Wednesday. Swiss Re declined to comment on a...
Swiss Re and Pioneer to Offer Telematics Solution for Insurers in 2020
Oct 31 2019 // Swiss Re and Tokyo-based car electronics company Pioneer Corp. have co-developed a telematics solution that provides insurers with more personalized risk assessment, thereby supporting safer driving behavior. The...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last?
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
Brokerslink Network Forms Agreement with Swiss Re Corporate Solutions
Oct 18 2019 // Brokerslink announced a strategic agreement for Swiss Re Corporate Solutions to develop a dedicated international insurance program management platform for the organization’s broker network. The new business...
Berkshire’s MedPro Acquires Swiss Re Corporate Health Care Liability Business
Oct 14 2019 // Berkshire Hathaway health care liability insurance unit MedPro Group has agreed to acquire the healthcare professional liability business of Swiss Re Corporate Solutions effective Oct. 11. The agreement includes hospital...
Marsh JLT Specialty Aviation Hires 4 Execs from Aon, Global Aerospace and Swiss Re
Oct 9 2019 // Marsh, the insurance broker and risk adviser, announced four senior appointments to Marsh JLT Specialty’s Aviation Practice in London and New York. In London, Tony Ambrose and Martyn Holland are set to join as...
Swiss Re Corporate Solutions Appoints Semprini from HDI Global as Head Italy
Sep 23 2019 // Swiss Re Corporate Solutions has appointed Francesco Semprini as head Italy, effective Nov. 1, 2019. Based in Milan, Semprini will be responsible for managing the strategy, development and performance of Swiss Re Corporate...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail
Sep 20 2019 // By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer...
Global Policymakers Must Focus on Strengthening Economic Resilience: Swiss Re
Aug 27 2019 // A decade after the last financial crisis, attention is too focused on what central bankers can do to prevent the next one, according to Swiss Reinsurance Co. With liquidity taps open and policy rates stuck in a...
42% of $44 Billion Global Catastrophe Losses in First Half Were Insured: Swiss Re
Aug 16 2019 // Natural catastrophes and man-made disasters in the first half of 2019 were responsible for USD $44 billion of economic losses globally, according to Swiss Re Institute’s preliminary sigma estimates. This figure is...
