Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Global Premiums Will Eclipse $7 Trillion for First Time by End of Year: Swiss Re
Jul 14 2022 // Swiss Re’s economists predict “inflationary recessions” hitting major world economies over the next 12-18 months, and while recessions spell less insurance demand and inflation means higher claim costs,...
People Moves: MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance; DUAL Hires HDI’s Biemann for Cyber; Gallagher Re Taps Swiss Re’s Kreutzer for Nordic Region
Jul 6 2022 // This edition of International People Moves details appointments at MS Amlin, DUAL Europe, and Gallagher Re. A summary of these new hires follows here. MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance,...
Quantum Computing, Lower Construction Quality, Legal Tech Seen as Emerging Risks: Swiss Re
Jul 4 2022 // The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers...
Investors, Including Allianz and Swiss Re, Urge U.N. to Create Plan for Farm Emissions
Jun 9 2022 // Investors managing $14 trillion have urged the United Nations to create a global plan to make the agriculture sector sustainable and curb one of the biggest sources of climate-damaging emissions, a letter seen by Reuters...
Swiss Re and UBS Among Founding Buyers of Credits From Carbon Removal Scheme
May 23 2022 // Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of...
With Inadequate Natural Catastrophe Prices, Swiss Re Gives Florida a Wide Berth
May 6 2022 // Premium rates for natural catastrophe risks in Florida continue to be inadequate, which is why Swiss Re is giving that market a wide berth — for the time being, at least. “Historically we believe the Florida...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll
May 5 2022 // Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such as the war in Ukraine, higher-than-expected natural catastrophes and the ongoing COVID-19 pandemic. This loss...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth
Apr 19 2022 // Swiss Re has secured US$1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period. Swiss Re said the transaction supports its “growth opportunities...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re
Apr 18 2022 // More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured losses stood at slightly more than $20 billion — more evidence of a large ongoing global...
Swiss Re Chairman Re-elected Despite Proxy Adviser’s Concerns About Diversity
Apr 14 2022 // Swiss Re shareholders re-elected Sergio Ermotti as chair, the company said on Wednesday, despite a recommendation by proxy adviser Institutional Shareholder Services (ISS) to vote against him over a lack of gender...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re
Mar 30 2022 // More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured losses stood at slightly more than US$20 billion – more evidence of a large ongoing global...
People Moves: Swiss Re Names Gonzalez as CEO Reinsurance China, McGrath Becomes Regional CEO for Corporate Solutions in N. America
Mar 18 2022 // Swiss Re announced that Ivan Gonzalez has been appointed CEO Reinsurance China and China country president with effect from July 1, 2022. He will relocate from New York to Beijing. Katie McGrath will succeed Ivan as...
Swiss Re to Reduce Cover for Oil, Gas Operations
Mar 18 2022 // Swiss Re, the world’s second biggest reinsurer, said it would increase the number of oil and gas producers for which it refuses cover, following mounting pressure on big business to help the drive to curb a global...
Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia
Mar 14 2022 // Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and...
Swiss Re Corporate Solutions to Open New Canada Branch as Part of N. America Restructuring
Feb 24 2022 // Swiss Re Corporate Solutions announced it has filed an application with regulators to establish a new Canadian branch of North American Specialty Insurance Co. (NAS) and transfer operations to that branch, including new...
Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction; Chubb Names Houghton Head of Distrib., UK & Ireland; Marsh Hires AXA XL’s Latham to Lead ART, UK&I
Feb 2 2022 // This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh. A summary of these new hires follows here. Swiss Re Corporate Solutions Promotes 2 in Engineering &...
People Moves: Definity’s Board Appoints Former Swiss Re Exec Schmid; SCOR Promotes Mumme-Young for Political & Credit Risk; Cathay Pacific’s Howell to Marsh Aviation
Dec 22 2021 // This edition of International People Moves details appointments at Definity Financial Corp., SCOR and Marsh. A summary of these new hires follows here. Definity Appoints Former Swiss Re Exec Schmid to Board of...
Swiss Re Reorganizes Group Operations, Names Ladva Group CTO, as Bronder Exits
Dec 16 2021 // Swiss Re announced the appointment of Pravina Ladva as group chief digital & technology officer and member of the group executive committee, effective Jan. 1, 2022. Group Chief Operating Officer Anette Bronder will...
Extreme Weather in 2021 Brings Above-Average Claims to Global Insurers: Swiss Re
Dec 14 2021 // Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in estimated annual insured losses from natural catastrophes of US$105 billion, the...
Swiss Re-Backed FWD Raises $1.4 Billion, Weighs Hong Kong IPO
Dec 14 2021 // Billionaire Richard Li’s FWD Group Ltd. raised more than $1.4 billion in private placements with investors including an insurer backed by Apollo Global Management Inc. The investors include Apollo’s Athene...
