Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Hires CNA’s Stephenson to Lead Casualty; Richards Named CEO UK & Ireland
Aug 18 2021 // Swiss Re announced changes in the leadership of its Reinsurance Business Unit. Effective Jan. 1, 2022, Jason Richards will become country president and CEO UK & Ireland. He will be succeeded by Julie Stephenson as...
Global Insured Disaster Losses Reach US$42B in H1 as 2nd Highest on Record: Swiss Re
Aug 13 2021 // Estimated insured losses from natural catastrophes reached US$40 billion during the first half – driven by a deep winter freeze, hailstorms and wildfires, while man-made disasters triggered another estimated US$2 billion...
People Moves: Swiss Re Corporate Solutions Hires AIG’s Blattner-Hoyle to Lead Trade Finance; QBE Names AXA XL’s France as Head of Property, Europe
Aug 10 2021 // This edition of International People Moves covers appointments at two insurers: Swiss Re Corporate Solutions and QBE European Operations. A summary of these new hires follows here. Swiss Re Corporate Solutions Names...
People Moves: Covéa Insurance Names Furness CEO; BHSI Hires Chubb’s Alder-Smurthwaite; Pritchard Promoted at Swiss Re Corporate Solutions
Jul 27 2021 // This edition of International People Moves covers appointments at three insurers: Covéa Insurance, Berkshire Hathaway Specialty Insurance and Swiss Re Corporate Solutions. A summary of these new hires follows here. Covéa...
Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re
Jul 26 2021 // The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation risk, insurer Swiss...
Swiss Re Corporate Solutions Bolsters International Programs’ Team with 2 Promotions
Jul 23 2021 // Swiss Re Corporate Solutions has promoted William Porter as head International Programs Americas, and Reto Collenberg as head International Programs APAC and EMEA, both effective Aug.1. Together they will oversee Swiss Re...
Zego, Supported by Swiss Re, Teams Up with bp to Insure Electric Vehicles in London
Jul 19 2021 // Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide professional insurance for bp’s electric vehicle trial in London, called “bp EV...
Milliman Offering Insurers a Simplified Flood Insurance Product Developed by Swiss Re
Jul 15 2021 // Milliman Appleseed, the new advisory and rating organization of actuarial firm Milliman, is offering insurers a simplified product developed by Swiss Re that makes it easier for insurers to enter the flood insurance...
People Moves: Swiss Re’s Render to Peak Re; Aon’s Denbigh to TigerRisk’s Retro Unit; Price Forbes’ Fox to Oneglobal
Jun 29 2021 // The following international People Moves provides details of appointments at reinsurer Peak Re and two brokers, TigerRisk and Oneglobal. A summary of these new hires follows here. Peak Reinsurance Co. AG, the wholly owned...
Swiss Re’s iptiQ and German Real Estate Platform Launch Digital Loss-of-Rent Cover
Jun 29 2021 // Swiss Re’s iptiQ and ImmoScout24, Germany’s leading online real estate platform, are launching a loss-of-rent insurance product, which provides private landlords with protection against the financial...
Swiss Re Sells Half Its Stake in Phoenix Group for $608 Million
Jun 23 2021 // Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million). After the sale, which is expected to close on June 25, Swiss Re will still retain another 6.6% stake in Phoenix,...
COVID Crisis Cuts Global Macro Resilience, Raises Insurance Protection Gap: Swiss Re
Jun 16 2021 // The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. At the same time, the...
Failure of Many ‘Zombie’ Companies Likely to Keep Insurance Rates Rising: Swiss Re
Jun 8 2021 // The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely...
Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns
May 21 2021 // Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses and insurers underestimate that escalating risk, according to one of the...
Swiss Re Scores Profit Despite COVID Death Claims, Catastrophe Losses
May 3 2021 // Swiss Re reported consolidated net income of USD 333 million in the first quarter of 2021, despite heightened losses in its life and health reinsurance business related to COVID and property and casualty reinsurance losses...
Climate Change Could Cut Global GDP by 18% by 2050 – If Nothing Is Done: Swiss Re
Apr 22 2021 // If nothing is done to combat climate change, global temperatures could rise by 3.2°C within the next 30 years, shrinking the world economy by 18%, according to new research from Swiss Re, which was rolled out on Earth...
Guy Carpenter Names Co-Heads of Cyber, Hiring Swiss Re’s Cordonnier, Promoting Davis
Apr 19 2021 // Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the appointment of Anthony Cordonnier as managing director and global co-head of Cyber, effective the second half of 2021, and the...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re
Apr 5 2021 // Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to a report from Swiss Re’s sigma. Of that total, US$81 billion related to claims...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re
Mar 30 2021 // Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to a report from Swiss Re’s sigma. Of that total, US$81 billion related to claims...
Swiss Re Corporate Solutions, Coalition Sign Multiyear Cyber Coverage Agreement
Mar 18 2021 // Swiss Re Corporate Solutions and Coalition, a provider of cyber insurance and security, have signed a multiyear agreement to provide broad cyber insurance and technology errors & omissions insurance to small and...
