Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
IGI Taps Garrity from Swiss Re as CEO in Malaysia to Lead Asia-Pacific Growth
Jan 24 2019 // International General Insurance Holdings Ltd. (IGI), the Dubai-based speciality re/insurer, has appointed Nick Garrity as chief executive officer of IGI’s Labuan Branch in Malaysia. Garrity will be based in the Kuala...
Swiss Re Estimates Its Q4 Natural Catastrophe Claims to Hit US$1.0B
Jan 15 2019 // Swiss Re estimates it will pay claims of approximately $1.0 billion for natural catastrophes booked in the fourth quarter of 2018, with the largest generated from California wildfires and Hurricane Michael. These natural...
Swiss Re Corporate Solutions Launches Parametric Water-Level Insurance in Europe
Jan 10 2019 // Swiss Re Corporate Solutions announced it is launching parametric water-level insurance called “FLOW.” This new index-based product is designed to protect companies in Europe from the financial impact of high...
Singapore’s EF Marine Forms Capacity Deal with Swiss Re Corporate to Offer Fixed Premium P&I Cover
Dec 27 2018 // Singapore-based EF Marine announced a managing general agent (MGA) agreement with Swiss Re Corporate Solutions, effective Jan. 1, 2019. The alliance between Swiss Re Corporate Solutions and EF Marine will support small and...
Japan Insurance Group MS&AD to Raise Stake in Swiss Re’s UK Unit ReAssure
Dec 21 2018 // Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) has agreed to increase its minority stake in ReAssure, Swiss Re’s UK closed life book consolidator, by making an additional cash investment of...
Global Insured Losses From Disasters at $79 Billion in 2018: Swiss Re Sigma Estimate
Dec 18 2018 // According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to USD $155 billion from USD $350 billion in 2017. Global insured losses are estimated...
Swiss Re Appoints Hodges as CEO at ReAssure to Lead on Expected IPO
Dec 17 2018 // As part of the preparation towards a potential initial public offering (IPO) of ReAssure, Swiss Re announced it has appointed Mark Hodges, currently chief executive officer of Centrica Consumer division, as new CEO of...
Swiss Re Corporate Names Aerni as Global Head Casualty, Financial, Professional Lines
Dec 7 2018 // Swiss Re Corporate Solutions has appointed Philippe Aerni as global head of Casualty, Financial & Professional Lines. In this expanded role, Aerni will be responsible for products and global markets for these two lines...
Swiss Re Corporate Solutions Names Vetter Head of E&S North America
Dec 5 2018 // Swiss Re Corporate Solutions has appointed Daniel Vetter as head of Excess & Surplus North America, a newly-created role. Vetter will be responsible for the strategy and growth of the company’s E&S Property...
Global Property, Mortality Protection Gap Hits $500B: Swiss Re
Dec 3 2018 // Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re’s latest sigma study. Swiss Re’s report said that the figure illustrates increasing risk...
Global Property, Mortality Protection Gap Hits $500B: Swiss Re
Nov 26 2018 // Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re’s latest sigma study. Swiss Re’s report said that the figure illustrates increasing risk...
Swiss Re Corporate Solutions Appoints Tardif as Head Aviation Canada
Nov 15 2018 // Swiss Re Corporate Solutions has appointed Simon Tardif as head Aviation Canada, effective Oct. 29, 2018. In this role, Tardif will be responsible for the growth and strategy of the aviation team across Canada. He has...
Swiss Re Taps XL’s LaRocca to Lead Property/Specialty Lines North America
Nov 7 2018 // Swiss Re Corporate Solutions appoints Michael LaRocca as head of Property & Specialty Lines North America, effective November 7, 2018. In this role, LaRocca will be responsible for managing the strategy, development...
Update: Swiss Re Weighs Investment in Chinese Insurer Anbang, Say Sources
Oct 21 2018 // China’s attempts to find new investors for Anbang Insurance Group Co. are gathering pace, as Cerberus Capital Management LP to Swiss Re AG size up the embattled insurer and its overseas operations. Cerberus and Swiss...
Swiss Re to Post ‘Large’ Q3 Losses from Italy Bridge Collapse, Natural Disasters
Oct 18 2018 // Swiss Re AG said it will post relatively “large” losses from claims in the third quarter, as man-made disasters including the collapse of a bridge in Italy add to damage from storms. Natural disaster claims,...
Swiss Re Corporate Solutions Adds Sullivan in Illinois
Oct 10 2018 // Swiss Re Corporate Solutions has named Chris Sullivan head sales in the central region. Sullivan will be based in Chicago, Ill., and responsible generating new business, managing relationships with brokers and driving...
Swiss Re Taps Berger From Allianz as CEO Corporate Solutions, Replacing Galvagni
Sep 24 2018 // Swiss Re announced that Andreas Berger, currently chief regions & markets officer and member of the board of management of Allianz Global Corporate & Specialty SE, has been appointed CEO Corporate Solutions and...
San Francisco May Screen Insurers for Their Fossil Fuels Investments
Sep 17 2018 // The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels. In July, the board voted...
Mullarkey to Head Canada Property & Energy for Swiss Re Corporate Solutions
Sep 14 2018 // Swiss Re Corporate Solutions has named Jamie Mullarkey as head of Property & Energy, Canada. In this role, Mullarkey leads property and energy underwriting in Canada with teams based in Toronto and Vancouver. He...
Swiss Re Corporate Solutions Names Marsh’s Codding as Global Cyber Chief
Sep 6 2018 // Swiss Re Corporate Solutions has appointed Sandy Codding as global head of Cyber & Technology. In this role, Codding is responsible for overseeing cyber and technology underwriting guidelines, rating methodology,...
