Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re 2010 Net Income up on Buffet Loan Repayment, but Miss Forecasts
Feb 17 2011 // Swiss Re struck a note of confidence on its pricing power and hiked its dividend, saying capital had recovered since it turned to U.S. billionaire Warren Buffett for help in the financial crisis. The world’s...
Swiss Re Urges Australia to Use Cat Bonds as Disaster Risk Rises
Feb 10 2011 // Global reinsurance giant Swiss Re said Australia’s natural disaster risk was increasing and urged its governments to cover the rising damages bill using insurance instruments like catastrophe bonds as opposed to...
Swiss Re Calls for Increased Role for Public-private Partnerships in Disaster Relief
Jan 27 2011 // Swiss Re notes that the “increasing severity and frequency of natural catastrophes are driving up the cost of disaster relief, especially in developing and emerging markets as they are hurt the most and prepared the...
Canopius Launches Swiss Reinsurance Operation; Seeks Omega Deal
Jan 10 2011 // Canopius Group Limited, a privately owned Lloyd’s re/insurer, has announced its intention to “extend its international footprint with the establishment of a reinsurance underwriting platform, Canopius Europe,...
Swiss Re Places $97 Million Windstorm Cat Bond for Groupama
Jan 7 2011 // Swiss Re Capital Markets has successfully structured and placed €75 million [app. $97 million] of notes issued by Green Fields Capital Limited covering French windstorm events. “Green Fields is a newly...
Swiss Re Concludes $170 Million Successor X Cat Bond Placement
Jan 5 2011 // Swiss Re has obtained another $170 million in protection through the Successor X Ltd. catastrophe bond program, covering Australia earthquake, North Atlantic hurricane and California earthquake risks. “The...
Swiss Re’s New sigma Study Highlights ‘Relevance of Microinsurance’
Dec 15 2010 // Swiss Re’s latest sigma study – “Microinsurance – risk protection for 4 billion people” – emphasizes the relevance of microinsurance as an effective and viable risk management solution...
Swiss Re Secures $106.5 Million Vega Cat Bond for Multiple Perils
Dec 14 2010 // Swiss Re announced that it has obtained $106.5 million in coverage “against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through a natural catastrophe...
Swiss Re’s Economic Forum Sees Continued Growth, Pressure and Risks
Dec 8 2010 // Swiss Re’s Economic Forum singled out three main factors that will continue to affect the re/insurance market in 2011. The Forum’s economists forecast “continued global economic expansion in 2011, led by...
Catastrophes Cost World $222 Billion in 2010: Swiss Re
Nov 30 2010 // According to initial estimates from Swiss Re’s sigma research team, worldwide economic losses from natural catastrophes and man-made disasters totaled $222 billion in 2010; more than triple the 2009 figure of $63...
Swiss Re: Investment Managers Face ‘New, Challenging Environment’
Nov 23 2010 // Swiss Re’s latest sigma study, #5/2010, – “Insurance investment in a challenging global environment” – warns that a “low yield environment coupled with tighter regulatory standards could...
Swiss Re Q3 Net Income Doubles at $618 Million; Berkshire Loan Terminated
Nov 4 2010 // Swiss Re reported third-quarter net income of $618 million, compared to $314 million in the prior-year period. The reinsurer also announced that the” convertible perpetual capital instrument issued to Berkshire...
Swiss Re Structures $386 Million ‘European Windstorm’ Notes
Nov 3 2010 // Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital...
Swiss Re is ‘Well Placed’ for Baden-Baden Renewal Discussions
Oct 25 2010 // Swiss Re has issued a bulletin noting that it is “well placed for the upcoming 2011 renewal negotiations with its European clients.” The talks, which begin this week in the German resort of Baden-Baden, bring...
New Swiss Re sigma Study Examines Impact of Inflation on Insurers
Oct 19 2010 // Swiss Rre has issued a timely new sigma study , “The impact of inflation on insurers,” which examines “recent commodity price spikes and the current easy monetary policy” that have “increased...
Swiss Re Structures $138.6 Million Cat Bond for Groupama
Oct 6 2010 // Swiss Re’s Capital Markets unit announced that it has ‘successfully structured and placed €100 million [$138.6 million] of securities issued by Green Valley Ltd.,” covering windstorm events in...
Swiss Re Announces Major Division & Leadership Structure Reorganization
Oct 1 2010 // Swiss Re announced that it will “adjust its senior leadership structure to strengthen the company’s core capabilities and market presence with a focus on three key areas: Reinsurance, Corporate Solutions and...
Alabama Buys Hurricane Policy
Aug 9 2010 // Alabama will pay $800,000 annually for three years to an insurance company as a hedge against heavy damage to state property on the coast from a major hurricane. Under the deal that took effect last month, global insurer...
Swiss Re Shuns Low-Margin Accounts; Weighs Where to Deploy Capital
Aug 6 2010 // Swiss Re would return capital to shareholders rather than underwrite low-margin business, its chief financial officer told Reuters, in a sign of confidence in the world’s second-biggest reinsurer’s renewed...
Swiss Re: Pools & Parametric Covers, May Lessen Nat Cat Impact
Jul 13 2010 // The early appearance of Hurricane Alex, which hit Mexico and the Gulf coast of the U.S., was, according to experts at Swiss Re, “a relatively unusual occurrence in June and could signal a very active hurricane...
