Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Report Estimates 2011 First 6 Months Cat Losses at $70 Billion
Sep 9 2011 // Preliminary estimates from Swiss Re’s newly released sigma report indicate that “total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached an estimated $70...
Swiss Re Study Forecasts ‘Continued Growth’ for Insurance Linked Securities
Sep 7 2011 // According to Swiss Re’s study – “The fundamentals of insurance-linked securities” – some 15 years after they were introduced, the “market for insurance-linked securities (ILS) is poised for...
Swiss Re Sigma Study Examines Government/Private Sector Coverage
Aug 31 2011 // Swiss Re’s latest sigma study – “State involvement in private insurance” – examines the increasing symbiosis between governments and the private insurance sector. The report notes that...
Swiss Re Analyzes Effects of Economic Crisis on Nordic Insurance Market
Aug 30 2011 // Swiss Re, as host of its Nordic Risk & Insurance Summit (NORIS™) conference, warned that the “economic environment in the wake of the financial crisis is still very challenging and turbulent.” Swiss Re...
Swiss Re Applies for Local Reinsurance Registration in Brazil
Aug 29 2011 // Swiss Re announced that it has submitted an application to Brazil’s Superintendence of Private Insurance (SUSEP) for a local reinsurance registration. Swiss Re said it “views a Brazilian reinsurance...
Lloyd’s: Drought Caused Subsidence Costliest Natural Hazard in Parts of Europe
Aug 9 2011 // An article on the Lloyd’s web site notes that “news reports on climate change have focused on dire predictions of more hurricanes and increasing flooding due to rising sea levels. But subsidence caused by...
Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%
Aug 4 2011 // Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the same period of 2010. “All segments contributed to these positive results,...
New Swiss Re sigma study Reveals Global Premium, Capital Growth
Jul 6 2011 // A new study in Swiss Re’s sigma series concluded that the global insurance industry has returned to a pattern of growth. The study – World insurance in 2010 – reveals growth in global premium volume and...
Swiss Re Warns Europe of Increasing ‘Soil Subsidence’ from Climate Change
Jul 5 2011 // According to a new study from Swiss Re, “Europe is witnessing a dramatic increase in property damage as a result of soil subsidence.” A new loss model developed by Swiss Re and the Swiss Federal Institute of...
Swiss Re Sets Out Revised Leadership Structure
Jun 22 2011 // Swiss Re is completing what it described as “adjustments to its leadership structure to reflect the company’s new legal entity set-up.” As of May 20, 2011, Swiss Re Ltd is the holding company of the Swiss...
Zurich to Transfer London Run-Off Business to Swiss Re
Jun 15 2011 // Zurich Financial Services Group announced that one of Zurich’s non-core subsidiaries in the UK, Zurich Specialties London Ltd, will transfer its run off insurance business to Swiss Re at book value. Zurich said the...
Smith to Join Swiss Re as President, CEO Americas; Ozendo Retiring
Jun 15 2011 // The Directors of Swiss Re Group and the Directors of Swiss Re America Holding Corporation announced that J. Eric Smith will join Swiss Re as President and CEO, Americas effective July 11. He will replace Pierre Ozendo who...
Swiss Re to Reinsure Ethiopian Microinsurance Project
Jun 10 2011 // Swiss Re is to reinsure a five-year project that provides drought insurance for crops in Ethiopia, in a microinsurance program developed by the World Food Program (WFP) and Oxfam America. The world’s biggest...
Swiss Re to Acquire $2.62 Billion in Assets from American Life
Jun 1 2011 // Swiss Re announced that it will acquire approximately 300,000 policies and £1.6 billion [$2.62 billon] in assets from American Life Insurance Company. The transaction reinforces Swiss Re’s “commitment to...
First Quarter Earnings Report: Swiss Re, Zurich Financial Services
May 5 2011 // Swiss Re has estimated that its first quarter P&C pre-tax catastrophe losses exceed $2.3 billion, resulting in the $1.233 billion operating loss in this sector given above. Swiss Re’s earnings bulletin pointed...
2010 Nat Cats, Disasters Cost $218 Bn – $43 Bn Insured; Says Swiss Re
Mar 29 2011 // According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were $218 billion in 2010, more than triple the 2009 figure of $68 billion. The losses cost the...
Swiss Re Gives Proposals for Next AGM
Mar 25 2011 // Swiss Re’s Board of Directors has announced the agenda for the reinsurer’s forthcoming annual general meeting, set for April 15, and the proposals for which it will seek approvals. The Board will propose a...
Swiss Re Estimates Japan Earthquake, Tsunami Claims at $1.2 Billion
Mar 21 2011 // Swiss Re has released a preliminary estimate of its claims costs, net of retrocession and before tax, from the earthquake and the tsunami in Japan of $1.2 billion. The reinsurer cautioned that these “estimates are...
Swiss Re Reaffirms Commitment to Japanese Market
Mar 15 2011 // Swiss Re issued a statement which stressed that it is “committed to the Japanese insurance market and to supporting the country’s recovery from the devastating earthquake and tsunami which claimed many lives...
Swiss Re Estimates Christchurch Quake Claims at App. $800 Million
Mar 2 2011 // Swiss Re has announced that, based on current information, it provisionally estimates its claims cost from the earthquake in New Zealand on February 22nd to be approximately $800 million, net of retrocession and before...
