Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Best Affirms Swiss Re’s ‘A+’ Rating
Nov 6 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa” of Swiss Reinsurance Company (Swiss Re) and its rated subsidiaries. Best...
Swiss Re, Lockton Offer New Product to Kan. and Mo. Attorneys
Nov 6 2007 // Swiss Re’s Commercial Insurance and Lockton Risk Services, Inc., today announced the launch of a new product designed to protect the reputation and assets of law firms in Missouri and Kansas. The program, Lawyers...
Ratings Recap: Medical Ins. (Australia), Swiss Re Europe, Aseguradora Mundial
Nov 6 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable...
Swiss Re Appoints Singh as New Chief Risk Officer
Oct 26 2007 // Swiss Re announced that it has appointed Raj Singh as the Group’s new Chief Risk Officer. He will succeed Christian Mumenthaler who is taking over operational leadership of the global Life & Health Products...
‘Bancassurance is on the Rise’ Says Swiss Re Sigma Study
Oct 19 2007 // Swiss Re announced that “according to a recent sigma study, bancassurance is on the rise, particularly in emerging markets. Worldwide, insurers have been successfully leveraging bancassurance to gain a foothold in...
Swiss Re Opens U.S. Affiliate of Insurance Run-Off Firm
Oct 11 2007 // Insurance run-off specialst PRO Insurance Solutions Limited has formed a new U.S. affiliate, PRO Insurance Solutions, Inc., or PRO US. The company is a member of the Swiss Re Group and a subsidiary of Swiss Re America...
Swiss Re Launches Climate Program
Sep 27 2007 // Swiss Re announced the launch of its “Climate Adaptation Development Program” (CADP) at the Clinton Global Initiative 2007 meeting, which took place in New York on Sept.26-28. The Program is “designed to...
Swiss Re Donates $70,000 for Jamaica Water Cleanup
Sep 25 2007 // Swiss Re has recognized the Nature Conservancy for its commitment to sustainable watershed management in Jamaica. The reinsurer announced that as part of its International ReSource Award competition, it has given the...
Swiss Re Economist Comments on Fed Rate Cut
Sep 19 2007 // Swiss Re’s Chief US economist, Kurt Karl, issued a comment following the decision by the Federal Reserve to lower the target fed funds rate 50 basis points to 4.75 percent. He described the move as a “strong...
Swiss Re Reiterates Commitment to Bottom Line
Sep 11 2007 // Swiss Re said it “will continue to remain focused on economic profit growth, at the expense of premium volume, if necessary,” adding that the world’s largest reinsurer “is well positioned for the...
S&P Rates Swiss Re Europe ‘AA-‘
Sep 11 2007 // Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and insurer financial strength ratings to Luxembourg-based composite reinsurer Swiss Re Europe S.A. with a stable...
Swiss Re Backs African Weather Derivative Drought Coverage
Sep 7 2007 // Swiss Re, in conjunction with the Earth Institute at Columbia University and the Millennium Promise Alliance, have developed a new system of weather derivative contracts, providing protecting to several villages in Kenya,...
Swiss Re: Nordic Region Storm Losses to Double by 2100
Aug 29 2007 // Swiss Re announced that a presentation at its second Nordic Risk & Insurance Summit (NORIS), “will show how winter storms Anatol, Gudrun and Per are harbingers of a more stormy future in Scandinavia, leading to...
Swiss Re Names Matt Leming Sales Leader for Stop Loss Products
Aug 13 2007 // Swiss Re¹s Commercial Insurance recently announced that Matt Leming was named the firm’s sales leader for Stop Loss products. Leming will be located in Swiss Re¹s Kansas City office. > Leming has more than 20 years...
Swiss Re Q2 Net up 45% to $1 Billion; Analysts’ Conference Call Today
Aug 7 2007 // Swiss Re released excellent financial figures for the second quarter of 2007, with earnings of CHF 1.2 billion ($1.007 billion), an increase of 45 percent over the same period last year. Annualized return on equity for the...
Business Moves
Jul 23 2007 // Edgewood Partners, Calco Insurance Edgewood Partners Insurance Center, a California retail property and casualty and benefits insurance brokerage firm announced an agreement in principle has been reached with Calco...
Swiss Re Signs on to UN PRI
Jul 6 2007 // Swiss Re announced that it has signed the United Nations’ Principles for Responsible Investment (UN PRI). The voluntary program encourages best practice in environmental, social and corporate governance issues in...
Ratings Recap: Nelson Re/Glacier Re; Kyoei/Swiss Re; Travelers/Lloyds; XL
Jun 26 2007 // Standard & Poor’s Ratings Services has assigned its ‘B’ senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established...
Swiss Re Sponsors $100 Million Mediterranean Earthquake Risk Bond
Jun 1 2007 // Swiss Re announced that it has obtained $100 million of protection against earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus through a securitization – the first time the capital markets have been tapped...
Swiss Re, Big ‘I’ Ink 5-Year Pact On E&O Coverage
May 29 2007 // The Independent Insurance Agents and Brokers Association of America and Swiss Re’s Commercial Insurance have signed an agreement for Swiss Re to be the endorsed errors and omissions carrier of the Big I for five more...
