Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Embedded Value Falls, Share Price Too
May 18 2004 // Swiss Re picked a poor time to announce a drop in the embedded value of its life and health business. The reduction to Sw. Frs.16 billion ($12.6 billion) from Sw. Frs.16.3 billion ($12.8 billion) a year ago, coincided with...
Swiss Re Reports on Nanotechnology Insurance Perspectives
May 11 2004 // Swiss Re has issued a report on the phenomena of nanotechnology from an insurer’s point of view. Originally presented at a media conference in London, the publication “Nanotechnology: Small matter, many...
Jury Rules For Swiss Re in WTC Recovery Case
May 4 2004 // Swiss Re has received a favorable verdict more than two-and a half years after it filed a declaratory relief action against Silverstein Properties, the master leaseholder of the World Trade Center. On Monday the federal...
Swiss Re Completes Admin Re Acquisition of CNA’s Individual Life Insurance Business
May 3 2004 // Swiss Re announced that it has completed its previously announced Admin Re acquisition of CNA Financial Corp.’s individual life insurance business for approximately $700 million. “The in force business, which...
Jury Renders Partial Verdict in WTC Recovery Case
Apr 30 2004 // The federal jury that has been deliberating the complex issue of how much Silverstein Properties, the master leaseholder of the World Trade Center, should recover from its insurers has reached a partial verdict. On...
WTC Jury Continues Deliberations
Apr 23 2004 // The federal jury, which began deliberations on Monday, April 19, in the first of three potential trials to determine the extent of the recovery for the destruction of the World Trade Center, has as yet reached no verdict....
Swiss Re ‘Resource Award’ for Vietnam Water Project
Apr 6 2004 // Swiss Re announced that it has presented its second ReSource Award for Sustainable Watershed Management, in the amount of $75,000, to a project in Vietnam. In her speech during the award ceremony at the Centre of Global...
Swiss Re Finds Increasing Demand for Broker Services
Apr 5 2004 // A recently released Swiss Re Sigma study has concluded that as the complexity of risk increases brokers face a greater demand for their services. The report entitled ‘Commercial insurance and reinsurance brokerage...
Swiss Re Reports $1.33 Billion 2003 Net Income
Mar 26 2004 // Swiss Re joined the parade of European insurers announcing happy results for 2003. Net income increased to CHF 1.7 billion ($1.33 billion), while net premiums jumped to CHF 30.7 billion ($24 billion). It’s the first...
Swiss Re Wins Taiwan License Go-Ahead
Mar 19 2004 // Swiss Re today has been granted permission by the Taiwan Ministry of Finance to begin the licensing process for a branch office in Taiwan. The Swiss Re branch will be located in Taipei and is expected to be fully...
New Swiss Re Sigma Study Reviews 2003 CAT Losses
Mar 3 2004 // Natural and man-made catastrophes caused the deaths of more than 60,000 people worldwide last year, according to Swiss Re’s latest sigma report. Over two thirds of these were the victims of earthquakes. Overall...
Swiss Re Reports 7% P/C Renewal Premium Growth
Feb 17 2004 // Swiss Re announced that it has registered a seven percent increase in P/C premium growth following the latest round of renewals, occasioned by a “combination of further rate increases and portfolio...
Swiss Re to Acquire CNA’s Life Business for $690 Million
Feb 5 2004 // Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well as a life insurance servicing and administration facility in Nashville, Tenn.,...
Cosette R. Simon to Head New Swiss Re Washington D.C. Office
Jan 28 2004 // International reinsurer Swiss Re announced the opening of a new branch office in Washington D.C., establishing a closer physical presence to policymakers and associations in the nation’s capitol. Cosette R. Simon, a...
Swiss Re Receives Japan Branch License
Dec 29 2003 // Swiss Re announced that it has received a branch license from Japan’s Financial Services Agency, giving it permission to provide its reinsurance services locally, both in Property & Casualty and in Life &...
Swiss Re Officially Opens Beijing Office
Dec 23 2003 // Swiss Re CEO John Coomber has officially opened the company’s China branch office in Beijing. The company will offer reinsurance services in both Life & Health and P/C to China’s rapidly growing insurance...
Swiss Re Forum Sees Opportunities for the Strongest Companies
Dec 11 2003 // Andreas Beerli, Head of Swiss Re’s P/C business in the Americas, speaking at the company’s Year-end Economic and Insurance Industry Review 2003/Outlook 2004 forum in New York yesterday, indicated that continued...
Swiss Re to Host Year-End Economic and Insurance Industry Review 2003/Outlook 2004
Dec 8 2003 // Swiss Re will host is annual conference on this year’s industry results, and the prospects for 2004, in New York City on, Wednesday, December 10, from 8:45 am to 10:00 am at Park Avenue Plaza, located at 55 East 52nd...
Feb. Trial Date for Swiss Re/Silverstein WTC Dispute
Nov 25 2003 // U.S. District Court Judge Michael Mukasey has set Feb. 9, 2004 as the date for the first of several trials to determine the outcome of the lawsuit pitting Swiss Re, Travelers and other insurers of the World Trade Center...
New Swiss Re Publication Looks at Question: Is Ecological Damage Insurable’
Nov 12 2003 // Legislative initiatives within the European Union, as well as at the United Nations, the European Parliament and various countries reportedly are currently aimed at introducing a liability regime for dealing with...
