Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Details Exposures: Lehman $46 Million; AIG $178 Million
Sep 17 2008 // Swiss Re said it “estimates its overall net exposure to Lehman Brothers at approximately CHF 50 million [$46.6 million] and to American International Group (AIG) at approximately CHF 200 million [$178.5...
Swiss Re Describes Reinsurers’ ‘Challenging Business Environment’
Sep 9 2008 // Swiss Re’s bulletin from Monte Carlo stresses that the “(re)insurance industry is facing a more challenging business environment, characterized by continued soft (re)insurance markets, stock market turbulence...
Gustav Could Cost Insurers $8B, Says Swiss Re
Sep 9 2008 // Hurricane Gustav will cost the global insurance industry up to $8 billion, Swiss Reinsurance Co. said Monday. Insured damages from natural disasters through the end of August were 20 percent higher than in the same period...
People
Sep 1 2008 // Swiss Re appointed Walter A. Bell chairman of Swiss Re America Holding Corp. Bell, whose appointment with Swiss Re is effective Sept. 2, is currently insurance commissioner of the Alabama Department of Insurance, a...
People
Sep 1 2008 // Swiss Re appointed Walter A. Bell chairman of Swiss Re America Holding Corp. Bell, whose appointment with Swiss Re is effective Sept. 2, is currently insurance commissioner of the Alabama Department of Insurance, a...
Best Withdraws Some Ratings on Swiss Re Subs after Domicile Transfer
Aug 20 2008 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of Swiss Re Life & Health Limited and Swiss Reinsurance Company UK...
Ala. Regulator Bell Named Chairman, Swiss Re America Holding Corp.
Aug 19 2008 // Swiss Re appointed Walter A. Bell as chairman of Swiss Re America Holding Corp. Bell, whose appointment with Swiss Re is effective Sept. 2, is currently insurance commissioner of the Alabama Department of Insurance, a...
Swiss Re Launches U.S. Agency Umbrella E&O Coverage
Aug 13 2008 // Swiss Re’s Commercial Insurance group has introduced Errors and Omissions (E&O) agency umbrella coverage in all 50 states and the District of Columbia. “The insurance policy offering was developed in...
Swiss Re Q2 Net Income Drops 53% to $536 Million
Aug 6 2008 // Swiss Re joined the ranks of European insurers and reinsurers, who have been impacted by the global financial crisis. The world’s biggest reinsurer reported a 53 percent drop in second quarter net income to CHF 564...
Swiss Re to Acquire Barclay’s Run-off Life Business for $1.47 Billion
Aug 5 2008 // Swiss Re has agreed to acquire Barclays Life Assurance Company Ltd. for £753 million ($1.472 billion). “The transaction will provide further scale and infrastructure for Swiss Re’s Admin Re® business...
Global Insurance Premiums Top $4 Trillion
Jul 7 2008 // Swiss Re’s latest sigma study reports that the global insurance industry’s results from 2007 show that insurance premium income grew 3.3 percent in real terms to $4.061 trillion. The growth was “primarily...
Swiss Re Places $150 Million Vega Securitization
Jul 1 2008 // Swiss Re announced that it has obtained $150 million worth of protection against North Atlantic hurricanes, European windstorms, Californian earthquakes and Japanese earthquakes and typhoons through a natural catastrophe...
Swiss Re Signs on to G-8 Climate Change Recommendations
Jun 23 2008 // Swiss Re’s CEO Jacques Aigrain has signed the climate change recommendations of the Group of Eight (G8) leaders. “The document outlines a new, more environmentally effective and economically efficient long-term...
Swiss Re Study Analyzes Rising Disaster Costs; Role of Risk Transfers
Jun 13 2008 // A new study from Swiss Re examines the rising impact of natural disasters, which is “driving up the cost of disaster relief and reconstruction for the public sector, especially in developing countries where insurance...
Swiss Re Receives Brazil License
May 27 2008 // Swiss Reinsurance America Corporation and Swiss Reinsurance Company Ltd. have been officially recognized as admitted reinsurers by Susep, the Brazilian insurance regulator, with the ability to sell reinsurance in the newly...
No Rating Change for Swiss Re Following Write-Downs Says S&P
May 7 2008 // Standard & Poor’s Ratings Services has said that its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on Swiss Re “are unaffected by its disclosure, as part of its...
Swiss Re’s Conning to Manage $195 Million Carbon Credit Fund
Apr 28 2008 // Conning Asset Management (Europe) Limited, a fully-owned subsidiary of Swiss Re, has been appointed to manage a pioneering €125 million ($195.5 million) post 2012 Carbon Credit Fund. The fund is currently investing in...
Swiss Re Funds ‘Integrative Risk Management’ Chair
Apr 16 2008 // Swiss Re announced today that it will finance a new Chair for Integrative Risk Management at the Swiss Federal Institute of Technology Zurich (ETH Zurich). “The Chair will be established to create a world-class...
Swiss Re to Establish China Medical Consulting Service
Apr 3 2008 // Swiss Re announced it has received approval to establish a consulting company in China to provide comprehensive third party administrator (TPA) and related consulting services to hospitals, insurers, policyholders and...
Blumer to Replace Ferguson as Swiss Re Finance Chief
Apr 2 2008 // Swiss Re announced that David Blumer has been appointed as Head of Financial Markets and as a Member of the Executive Committee, effective from May 2008. He will succeed Roger Ferguson, “who will accept a senior...
