Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Best Removes Swiss Re Ratings from Review; but Outlook is Negative
Mar 21 2008 // A.M. Best Co. has removed from under review with negative implications the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa” of Swiss Reinsurance Company and...
Swiss Re Donates $99 Million to Red Cross
Mar 20 2008 // Swiss Re is honoring “International Water Day” on March 22 by making a CHF 1 million ($99.2 million) donation to the International Committee of the Red Cross (ICRC) for an infrastructure project in Ethiopia...
2007 Cat Losses Top $70 Billion Swiss Re <em>sigma</em> Study Finds
Mar 12 2008 // Swiss Re’s latest sigma study – “Natural Catastrophes and man-made disasters in 2007” – examines catastrophe-related economic losses from natural and man-made disasters last year, which...
Swiss Re Supports Indian Quake Safety
Mar 7 2008 // Swiss Re has participated in a workshop in New Delhi – “Integrating Earthquake Risk Mitigation into Hospital Facilities Planning” – organized by US-based NGO GeoHazards International and the Delhi...
Swiss Re Profit Down Less than Expected
Feb 29 2008 // Swiss Re, the world’s biggest reinsurer, made better than expected 2007 net profit, as it escaped further subprime writedowns in the fourth quarter, and gave a confident earnings outlook. It reported on Friday a...
Swiss Re Registers as Admitted Brazilian Reinsurer
Feb 20 2008 // Swiss Re announced that it will become an admitted reinsurer in Brazil with a representative office in São Paulo. The world’s largest reinsurer joins Lloyd’s and Munich Re in accessing the Brazilian market...
Swiss Re Stresses Role of Insurance at Climate Change Conference
Feb 19 2008 // Rick Murray, Managing Director at Swiss Re, made some important observations on the insurance industry’s role in dealing with problems caused by the changing climate. Speaking at a United Nations Climate Risk Summit...
Business Moves
Feb 10 2008 // Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s...
Business Moves
Feb 10 2008 // Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s...
Berkshire Hathaway Buys 3% Stake in Swiss Re; Reinsurance Pact Signed
Jan 23 2008 // Swiss Re announced today that Berkshire Hathaway has acquired a three percent stake in the company. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss...
Swiss Re Names Schneider to Head Mexico Brokers
Jan 15 2008 // Richard Schneider, an 11-year veteran of Swiss Re, has been appointed Office Head of Swiss Brokers Mexico. He succeeds Carlos Boelsterli, who has assumed the role of Head of Client Management for Latin America. Schneider...
Swiss Re to Acquire 25% Stake in Vietnam National Re
Jan 9 2008 // Swiss Re announced that it has entered into an agreement to acquire a 25 percent stake in Vietnam’s leading reinsurance provider, Vietnam National Reinsurance Corporation (VinaRe), for VND1.3 trillion (approximately...
Swiss Re Places $294 Million French Windstorm Bonds
Jan 8 2008 // Swiss Re announced that it has successfully structured and placed €200 million ($294 million) of securities covering windstorm events in France. The deal forms part of a three-year reinsurance agreement between Swiss Re...
Swiss Re’s Westport Insurance Announces Two Mergers
Jan 8 2008 // Swiss Re’s Westport Insurance Corp. has announced a merger with Employers Reinsurance Corp. Both are U.S. domiciled corporations. Employers Reinsurance Corp. also maintains a Canadian Branch. In the merger, Employers...
Ratings Recap: Green Valley (Swiss Re), Aviva Canada, CSOB Pojistovna, Harbor Point Re, Hiscox
Dec 27 2007 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green...
Preliminary Swiss Re ‘sigma’ Report Estimates 2007 Cat Losses
Dec 19 2007 // Swiss Re has released a preliminary “sigma” report detailing the extent of 2007’s catastrophe losses. According to its initial estimates, more than 20,000 people were killed by natural and man-made...
Best Puts Swiss Re’s Ratings ‘Under Review/Negative’
Nov 21 2007 // A.M. Best Co. announced that it has placed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa” of Swiss Reinsurance Co. and its similarly-rated subsidiaries...
Ratings Recap: MMA, Shinkong, First Ins., Singapore Re, Swiss Re, W.R. Berkley (Europe)
Nov 21 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on France-based insurer MMA IARD Assurances Mutuelle (MMA IARD) to ‘A’ from...
Swiss Re Marks Down $1 Billion on Subprime Mortgage Devaluation
Nov 19 2007 // Even the world’s largest reinsurer isn’t immune to the subprime mortgage crisis. Swiss Re announced that “following completion of its October performance reporting,” it is now obliged to report a...
Swiss Re Q3 Net Off 5% to $1.28 Billion in ‘Turbulent Quarter’
Nov 6 2007 // Swiss Re’s third quarter earnings report revealed a five percent drop in net income to CHF 1.469 billion ($1.28 billion) compared to CHF 1.55 billion ($1.35 billion) in the third quarter of 2006. The results actually...
