Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re to Sell elipsLife to Swiss Life, Enters Long-Term Reinsurance Partnership
Dec 10 2021 // Swiss Re announced it has agreed to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new...
Swiss Re and China Tech Giant Baidu Partner to Advance Autonomous Driving Industry
Nov 19 2021 // Swiss Re and Chinese tech giant Baidu are teaming up to further develop the autonomous driving industry, announced Swiss Re. The partnership between Swiss Re and Baidu aims to further develop the autonomous driving...
Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re
Nov 19 2021 // TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising C$2.1 billion ($1.6 billion) in Canada’s second-largest IPO. Waterloo, Ontario-based Definity...
Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re
Nov 17 2021 // Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute’s latest sigma study. The global insurance market is set to...
Swiss Re CEO Mumenthaler Appointed Chairman of Geneva Association
Nov 16 2021 // The Geneva Association announced that Christian Mumenthaler, CEO of Swiss Re, was appointed the new chairman of the organization. Mumenthaler, who has been vice chairman since November 2019, succeeds outgoing Chairman...
Swiss Re Reports Better-Than-Expected Profit Despite Major Claims
Oct 29 2021 // Reinsurance company Swiss Re said on Friday it swung to a better-than-expected net profit in the first nine months as it recovers from the impact of the coronavirus pandemic despite big claims from major storms on both...
Swiss Re-Backed Getsafe Gets German Insurance License, Permitting Europe Expansion
Oct 25 2021 // Digital insurer Getsafe has received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate its expansion to the rest of Europe. “The license is a...
Swiss Re Estimates Hurricane Ida Could Cost Insurers $30 Billion
Oct 6 2021 // On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the range of $28–30 billion, excluding federal flood insurance losses. Hurricane Ida, the second-most intense...
Swiss Re Estimates Europe’s July Floods to Cost Insurers $12 Billion
Oct 5 2021 // Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately US$12 billion. The insurer also updated its own loss estimate for the July floods at approximately...
Swiss Re Estimates Hurricane Ida Could Cost Insurers $30 Billion
Oct 5 2021 // On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the range of $28–30 billion, excluding federal flood insurance losses. Hurricane Ida, the second-most intense...
People Moves: Howden Names Swiss Re’s Cochrane for Energy Transformation; Apollo Hires Sandi for Casualty Treaty; AXA XL’s MacColl to Atrium to Lead Hull & War
Sep 23 2021 // This edition of International People Moves details appointments at the broker Howden and two Lloyd’s insurers: Apollo Syndicate Management and Atrium Underwriting. A summary of these new hires follows here. Howden...
Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI
Sep 22 2021 // Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and...
MS Amlin AG Appoints Swiss Re’s Wiest as CEO, Stepping Into Role Vacated by Beazley
Sep 21 2021 // Global reinsurer MS Amlin AG announced the appointment of Robert Wiest as chief executive officer. Wiest will take up the role on Jan. 3, 2022 and will be based in Zurich, Switzerland. He replaces Christopher Beazley who...
Zurich and Swiss Re Leaning Even Greener, While Gen Zers Covet Climate Jobs
Sep 9 2021 // Zurich is deepening emissions cuts and adding green options for customers. Zurich Insurance Group announced this week it is “taking global measures” to accelerate cuts in carbon emissions from its operations in...
Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re
Sep 8 2021 // Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, according to Swiss...
People Moves: AXA XL’s Coletti Heads Swiss Re’s New Cyber U/W Team; Zurich Promotes Mantero to Chief Strategy Officer; Everest Names Citigroup’s Modin Pres., Mt. Logan Re
Sep 3 2021 // This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan Re. A summary of these new hires follows. AXA XL’s Coletti Joins Swiss Re as...
Munich Re Moves Ahead of Swiss Re as Reinsurer With Most GPW: AM Best
Sep 2 2021 // Munich Re replaced Swiss Re as the largest reinsurer in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2020, marking a return to a position that it last held in 2017. Swiss Re held the top spot...
People Moves: QBE Hires Swiss Re’s Mejia for LatAm Property U/W; Zurich Names Kasahara Chief Data Officer; Occam’s Green Joins Rokstone to Head Power Generation
Aug 26 2021 // This edition of International People Moves details appointments at QBE International, Zurich Insurance, and MGA Rokstone. A summary of these new hires follows here. QBE International Appoints Mejia as VP of Property...
Swiss Re Signs $10M Carbon Removal Purchase Agreement to Fight Climate Change
Aug 26 2021 // Swiss Re and carbon removal specialist Climeworks are partnering to combat climate change — by signing the world’s first long-term purchase agreement for direct air capture and storage of carbon dioxide, worth...
People Moves: Coomer Joins Swiss Re’s iptiQ as CTOO; COGITANDA Hires Gerety from Liberty Specialty as Chief Ins. Officer; Ki Names Hodgson 1st CTO
Aug 24 2021 // This edition of International People Moves details technology appointments at Swiss Re’s iptiQ and the digital Lloyd’s syndicate Ki as well as an appointment at German cyber risk management and insurance...
