Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
ILS Issuance in H1 Tops $7B, Reflecting Capital Markets’ Re/Insurance Appetite: Swiss Re
Aug 31 2018 // The first half of 2018 aptly demonstrated that the insurance-linked securities (ILS) market has an undiminished appetite to provide re/insurance protection – despite last year’s expensive insured natural...
Cybercube in California Adds Swiss Re’s Weber to Board
Aug 29 2018 // CyberCube has added Matthias Weber to its board of directors. Weber was previously group chief underwriting officer and member of the group executive committee at Swiss Re. San Francisco, Calif.-based CyberCube is a...
Swiss Re Names Higginbotham as CEO Reinsurance EMEA, Succeeding Henchoz
Aug 24 2018 // Swiss Re announced that Russell Higginbotham has been appointed CEO Reinsurance EMEA and regional president EMEA and member of the group executive committee, effective Sept. 1, 2018. Higginbotham succeeds Jean-Jacques...
Hannover Re’s CEO Wallin to Retire, Succeeded by Swiss Re’s Henchoz
Aug 22 2018 // Hannover Re announced that Chief Executive Officer Ulrich Wallin will retire following the company’s annual general meeting on May 8, 2019. He will be succeeded on that date by Jean-Jacques Henchoz (53), who has been...
Swiss Re’s DePiero Joins Sompo Pro’s U.S. Cyber Practice
Aug 20 2018 // Richard DePiero has joined Sompo Pro, the U.S. professional liability insurer unit of Sompo International, as senior vice president, U.S. Cyber Product leader. DePiero will be responsible for Sompo Pro’s U.S. cyber...
Global Insured Catastrophe Losses Decline to $20 Billion in H1: Swiss Re
Aug 16 2018 // Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were US$20 billion, down from US$30 billion in H1 2017, according to Swiss Re Institute’s latest sigma study. On...
Swiss Re Corporate Taps Grabowski to be Head of Middle Market Casualty
Aug 10 2018 // Swiss Re Corporate Solutions has named Chris Grabowksi as head of Middle Market Casualty, responsible for overseeing a team of middle market underwriters across North America and working with brokers and clients. Based in...
Frontline Insurance Secures First Cat Bond of $350M for Southeast Storms
Aug 6 2018 // Swiss Re Capital Markets has structured and placed the issuance of $350 million of insurance-linked securities by Frontline Re Ltd. on behalf of Frontline Insurance. The transaction is Frontline’s debut catastrophe...
Swiss Re Weighs IPO for UK Closed-Book Business; Pricing Pressures Hit Earnings
Aug 3 2018 // Pricing pressure in the reinsurance industry weighed on Swiss Re’s first-half earnings, overshadowing a drop in natural-catastrophe claims. The company said it’s exploring an initial public offering for its...
Frontline Insurance Secures First Cat Bond of $350M for Southeast Storms
Jul 31 2018 // Swiss Re Capital Markets has structured and placed the issuance of $350 million of insurance-linked securities by Frontline Re Ltd. on behalf of Frontline Insurance. The transaction is Frontline’s debut catastrophe...
San Francisco May Screen Insurers for Their Fossil Fuels Investments
Jul 26 2018 // The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels. The board on Tuesday voted...
Sustainable Re/Insurance Industry Vital in Uncertain World: Swiss Re’s Ojeisekhoba
Jul 16 2018 // Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as “the first taste of a bitter cup that will be proffered to us over and over again.” That devastating event killed more...
Global Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
Jul 16 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...
Survey Shows More Americans Believe There is ‘Solid Evidence’ of Global Warming
Jul 12 2018 // There’s a surefire way to get more people to believe in global warming. Just crank up the heat. A larger percentage of Americans say there is “solid evidence” of global warming than at any time since...
Swiss Re Corporate Solutions Names Kwan Head of Sales in West
Jul 11 2018 // Swiss Re Corporate Solutions has named Allen Kwan head of sales for the West region. Kwan will be responsible for the growth of the Western region, particularly within Los Angeles. Currently based in San Francisco, he will...
Swiss Re Corporate Solutions Names Link to Head E&S Casualty for North America
Jul 11 2018 // Swiss Re Corporate Solutions has named Diane Link as head of Excess and Surplus (E&S) Casualty for North America. Link will oversee North American E&S casualty business. Based in Chicago, Link succeeds Mike Kwan,...
Global Insurance Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
Jul 6 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...
Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure
Jul 3 2018 // Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business. The thermal coal policy applies to both existing and new thermal coal...
Swiss Re-Backed Insurer FWD Weighs IPO in Hong Kong
Jun 27 2018 // Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the...
Engineering Insurance Results Deteriorate but Better Times Could Be Ahead: Swiss Re
Jun 14 2018 // Underwriting performance in global engineering insurance has deteriorated over recent years – on declining premiums and rising claims in some construction sectors due to poor quality control, according to Swiss Re in its...
