Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Ningen Named CEO of Swiss Re Canada
Jun 4 2018 // Monica Ningen has been appointed president and chief executive officer of Swiss Re Canada and English Caribbean. Ningen succeeds Veronica Scotti, who has been named chairperson for Global Partnerships. Ningen has 20 years...
Talks End without Softbank Stake in Swiss Re; Swiss Re Still Open to Other Investors
May 28 2018 // Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group Corp. ended its pursuit of a stake in the world’s second-largest reinsurer. The collapsed talks mark the end...
Talks Not Exclusive to SoftBank, Says Swiss Re CEO
May 4 2018 // Swiss Re said it was still in discussions with SoftBank on Friday about the Japanese group potentially taking a stake in the reinsurer but that a deal was not a sure thing. Swiss Re and its competitors have been under...
SoftBank Talks Over Buying Stake in Swiss Re Stalled: Bloomberg
May 2 2018 // Talks between billionaire Masayoshi Son’s SoftBank Group Corp. and Swiss Re AG about buying a stake in the world’s second-biggest reinsurer have come to a standstill, people familiar with the matter said. The...
Swiss Re Receives OK for Expanded South Africa License
May 2 2018 // Swiss Re’s reinsurance business unit has a newly-approved license for property/casualty business in South Africa. The move completes Swiss Re’s pan to re-domicile its Southern African P/C business onto the...
How Parametric Products Work to Supplement Indemnity Policies: RIMS
Apr 30 2018 // Corporate risk managers are buying parametric insurance policies to supplement, not replace, their indemnity-based policies. The parametric products worked well with customers hit by the 2017 hurricanes, according to...
Swiss Re to Create Standalone E&S Unit for U.S.
Apr 27 2018 // Swiss Re Corporate Solutions has announced the creation of a standalone excess and surplus (E&S) business unit in North America. This unit will include Swiss Re’s traditional E&S property and E&S casualty...
Markets Not Getting Better at Insuring Disasters: Viewpoint
Apr 24 2018 // Last year was the second-costliest year for disasters since 1970, according to a new analysis from reinsurance firm Swiss Re AG. Global economic losses from these events reached $337 billion in 2017, behind only...
QBE’s Revamped Executive Team Includes Singh as CFO, Swiss Re’s Grewal as CRO
Apr 12 2018 // QBE Insurance Group Ltd. announced a reshaping of the senior management team with the appointments of Inder Singh as group chief financial officer, replacing Michael Ford who is leaving QBE; Peter Grewal as group chief...
Natural Disasters Cost Insurers a Record $144 Billion in 2017: Swiss Re’s sigma
Apr 10 2018 // Global insured losses from natural catastrophes were US$144 billion in 2017, the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest losses came from...
Swiss Re CEO Manages Shareholder Expectations on SoftBank Investment: Opinion
Apr 4 2018 // Who wouldn’t want the attention of a billionaire like Masayoshi Son? The SoftBank founder is Japan’s third-richest man, with interests from ride-hailing app Uber to shared-office firm WeWork. So when he was...
Swiss Re Continues Talks with SoftBank Which Seeks Stake of Up to 10%
Apr 4 2018 // Billionaire Masayoshi Son’s SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss company’s shares...
SoftBank Edges Closer to Buying Swiss Re Stake, Valued at $9.6 Billion: Sources
Mar 29 2018 // Swiss Re AG jumped after people familiar with the matter said Japan’s SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ($39...
How 2017’s Disasters Will Help People Start Viewing Mitigation as an Investment
Mar 5 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to industry...
CEO Says Swiss Re Open to Anchor Shareholder Following Softbank Inquiry
Feb 23 2018 // Swiss Re AG’s chief said the reinsurer would welcome an anchor investor after being approached by billionaire Masayoshi Son’s SoftBank Group Corp. In a business where results can change radically from one year...
Billionaire Chief of SoftBank Bets on Autonomously Driven World: Opinion
Feb 13 2018 // It has almost become a refrain: just what is Masayoshi Son up to? After plowing money into companies as diverse as Uber Technologies Inc., office rental specialist WeWork Cos Inc. and fintech lender SoFi, the billionaire...
Japan’s SoftBank in Talks to Buy Stake in Swiss Re
Feb 7 2018 // Swiss Re said it is in preliminary talks to sell a minority stake to SoftBank Group – a deal that reportedly could be worth $10 billion or more, in what would be the Japanese firm’s biggest financial services...
How Disasters Expose Challenges and Opportunities for Insurance
Feb 7 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to panelists at the Insurance...
RSA Taps Swiss Re’s Buckle to Lead Global Risk Solutions; Gibbs Promoted to Head Commercial Risk Solutions
Jan 25 2018 // RSA’s UK & International business has appointed Tony Buckle and Rob Gibbs as managing directors of Global Risk Solutions (GRS) and Commercial Risk Solutions (CRS), respectively. Tony Buckle will join RSA on Feb....
Insurance Protection Gap Is Growing Global Problem; Swiss Re, RenRe & WTW Comment
Jan 17 2018 // The insurance protection gap. It’s a phrase that will be increasingly heard over the coming years – because it is getting bigger. The protection gap is the difference between insured losses and total economic...
