Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Aspen Insurance, Swiss Re Execs Join AIA Board
Mar 16 2012 // Mario Vitale, co-CEO of Aspen Insurance in New York, and Robert Solitro, chairman of Swiss Re Corporate Solutions U.S. Cos. in Manchester, N.H., have been elected as new board members of the American Insurance...
Swiss Re Reports $2.6 Billion 2011 Net Income Despite Nat Cats
Feb 23 2012 // Swiss Re reported net income of $2.6 billion for the full-year 2011, despite what it described as “an exceptional natural catastrophe burden” – a strong performance compared to the $863 million reported for...
Big “I” and Swiss Re Launch E&O Web Resource
Jan 31 2012 // The Independent Agents & Brokers of America (IIABA) Big “I” Professional Liability Program and Swiss Re Corporate Solutions have launched a new risk management website. The “E&O Happens”...
Swiss Re’s Chief Economist Sees Fed Actions Calming Debt Crisis
Jan 27 2012 // Swiss Re’s Chief Economist, Kurt Karl, has predicted that the decision by the Federal Reserve to maintain the target fed funds rate at zero to 25 basis points would help calm some of the turmoil in the global...
Swiss Re Report Examines Insurance Role in Earthquake Disasters
Jan 17 2012 // Swiss Re’s new report – “Lessons from recent major earthquakes,” focuses on the most recent series of devastating quakes, which have caused extensive loss of life and injuries, along with widespread...
Best Upgrades Swiss Re’s Ratings to ‘A+’; Outlook Stable
Dec 20 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a+” of Swiss Reinsurance...
Swiss Re Sees Continued Emerging Market Growth; Profitability Squeeze
Dec 20 2011 // Insurance in emerging markets has “experienced strong growth over the past decade and the outlook for the next decade remains promising,” a Swiss Re sigma study concludes. However, it also notes that...
Swiss Re Estimates 2011 Economic Cat Loss at $350 Bn; Insured Loss $108 Bn
Dec 15 2011 // Swiss Re describes 2011 as the “year with the highest catastrophe-related economic losses in history, at $350 billion.” It could have been the most costly year ever for the insurance industry, if Japan had been...
Lippe to Step Down as Swiss Re CEO
Dec 12 2011 // Swiss Re’s Board of Directors announced that Stefan Lippe has decided to step down as CEO of Swiss Re in the course of 2012. The board also indicated it expects to name his successor soon. Walter Kielholz, Chairman...
Swiss Re sigma Report Highlights Progress in P/C Product Innovation
Dec 6 2011 // A new sigma report, “Product innovation in non-life insurance,” from Swiss Re underscores the conclusion that there’s “much more to innovation in non-life insurance than people think.” In...
Swiss Re Estimates Thai Flood Claims at $600 million; Subject to Uncertainty
Dec 6 2011 // Swiss Re has estimated its claims costs from severe flooding in Thailand at $600 million, after intense rainfall caused hundreds of deaths and floods affecting approximately 1500 industrial facilities. “The estimate...
Swiss Re Economists See Weak Growth; Some Market Hardening; EU Peril
Dec 2 2011 // Swiss Re presented its latest analysis of the global economic outlook and its potential impact on the insurance industry at an economic forum in London yesterday, December 1. Chief Economist Kurt Karl began the discussion...
Renewable Energy Sector Presents Rising Risks, Demand for Insurance
Nov 30 2011 // The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and governments cut funding due to the uncertain economic environment. Based on a survey of...
Swiss Re Places $130 Million Cat Bond for Hurricanes, European Wind
Nov 9 2011 // Swiss Re has obtained a further $130 million in protection through the Successor X Ltd. catastrophe bond program, which covers exposures to “North Atlantic hurricane and European windstorm.” Swiss Re noted that...
Business Moves
Nov 7 2011 // The Doctors Co., FPIC Medical liability insurer The Doctors Co. completed its previously-announced acquisition of FPIC Insurance Group Inc., a major provider of health care liability insurance in Florida, Texas, Georgia...
Swiss Re Reports $1.3 Billion Q3 Net Income; Minimal Sovereign Debt Exposure
Nov 3 2011 // Swiss Re reported more good news, following the ratings upgrade from Standard & Poor’s. The world’s second largest reinsurer posted $1.3 billion net income in the third quarter of 2011, compared to $600...
S&P Upgrades Swiss Re and Core Subsidiaries to ‘AA-‘; Outlook Stable
Oct 31 2011 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Zurich-based reinsurer Swiss Reinsurance Co. Ltd., and its core subsidiaries (collectively...
Swiss Re Opens General Aviation Office in New York
Oct 11 2011 // Swiss Re Corporate Solutions’ aviation unit is expanding its operations in the North American general aviation (GA) market. It launched a New York-based underwriting team dedicated to developing its GA portfolio...
Ex- Swiss Re CEO Coomber Named as New ClimateWise Chairman
Sep 30 2011 // ClimateWise, the global insurance industry’s leadership group on climate change, announced that John R. Coomber, Swiss Re’s former CEO and now a member of the Board of Directors, will become the new Chairman of...
Swiss Re Policies Help Cholera Victims in Haiti, Poor Farmers in Africa
Sep 26 2011 // Global reinsurer Swiss Re is introducing business interruption coverage in case of cholera outbreaks for women entrepreneurs in Haiti. Swiss Re, together with Mercy Corps and Fonkoze, the largest microfinance organization...
