Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Corporate Solutions Taps Kleiterp as CEO EMEA, Replacing Buckle
May 24 2017 // Swiss Re Corporate Solutions has appointed Fred Kleiterp as CEO Europe, Middle East, Africa (EMEA), effective July 1, 2017. In this role, Kleiterp will be responsible for managing the strategy, development and performance...
Swiss Re Places $925M Cat Bond for California Earthquake Authority
May 23 2017 // Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets underwrote the transaction...
Swiss Re Q1 Net Income Drops by 45% on Cyclone Debbie Claims
May 4 2017 // Swiss Re reported net income of US$656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year. Swiss Re’s Q1 result was hammered by expected claims from...
Swiss Re Economists Win Award for Research on Nat Cat Protection Gap
Apr 25 2017 // The Geneva Association and the International Insurance Society (IIS) announced the 2017 winner of their collaborative insurance research program, the Shin Research Excellence Awards. Thomas Holzheu and Ginger Turner of...
Swiss Re Gears Up to Launch Subsidiary in Singapore in 2018
Apr 18 2017 // Swiss Re plans to launch in 2018 a subsidiary in Singapore, which will become the company’s regional headquarters for its reinsurance operations in Asia. The company, Swiss Re Asia, will be wholly owned by its...
Insurers to Pay an Estimated $1.3B for Cyclone Debbie: Swiss Re
Apr 13 2017 // Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world’s second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices...
XL Catlin Names Swiss Re’s Bewlay as Global Chief Underwriter for Casualty
Apr 10 2017 // XL Catlin’s insurance operations has named Nancy Bewlay as global chief underwriting officer, Casualty. In her new role, Bewlay assumes underwriting and portfolio management for all of XL Catlin’s Casualty...
Insured Cat Losses in 2016 Rose 42% at Highest Level Since 2012: Swiss Re
Mar 28 2017 // Insured losses from disasters rose 42 percent to $54 billion last year, according to Swiss Re. That’s the highest since 2012 and the equivalent of 0.07 percent of global gross domestic product. Floods in Europe, the...
Swiss Re Names Mitchell as Head of Property & Specialty Reinsurance
Mar 22 2017 // Swiss Re announced that Mike Mitchell, currently head Property Underwriting and Property & Casualty Facultative, Asia, will succeed Edouard Schmid as Swiss Re’s head Property & Specialty Reinsurance,...
Reinsurers Seek Higher Returns Through Customized Business
Mar 20 2017 // Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or...
Level of Cyber Risk Management for Many Firms Is ‘Unsustainable’: Swiss Re
Mar 2 2017 // Despite increased awareness of rapidly evolving cyber threats, relatively few corporations have integrated cyber security into their mainstream risk management programs – a situation that is “unsustainable,”...
Swiss Re Corporate Solutions Names Mazzoleni Neglén as Head of Sales EMEA
Feb 21 2017 // Swiss Re Corporate Solutions has appointed Loredana Mazzoleni Neglén as head of Sales, Europe, Middle East and Africa (EMEA). In her new role, Mazzoleni Neglén will be responsible for developing and executing the...
Sompo Canopius Re Appoints Swiss Re’s Gray as Head of P&I Reinsurance
Feb 13 2017 // Sompo Canopius Re announced the appointment of Christopher Gray as head of P&I reinsurance, effective immediately. Gray, who joins from Swiss Re, reports to Andy Gladwin, global head of marine treaty. Sompo Canopius Re...
Blockchain Insurance Industry Initiative B3i Grows to 15 Members
Feb 6 2017 // The Blockchain Insurance Industry Initiative B3i, which was launched in October 2016 to explore the potential use of distributed ledger technology, has grown to 15 members from its original five. Members of the B3i...
Swiss Re & SAP Partner to Develop Financial Steering & Reporting Solution
Feb 2 2017 // Swiss Re has formed a strategic partnership with SAP SE, the enterprise application software company, to develop a solution to address the increasingly complex demands of global regulators, in the areas of financial...
StarStone Partners with Dubai-Based MGA; Swiss Re’s Hussey Appointed
Jan 24 2017 // StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced a joint venture partnership with Malakite Underwriting Partners Ltd., a managing general agent in Dubai, subject to regulatory...
Swiss Re to Open a Reinsurance Branch in India
Jan 23 2017 // Swiss Re has received the approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in Mumbai. With the composite branch license, Swiss Re will be able to operate in India and offer...
Swiss Re Corporate Solutions Names Schmaler as Head of MENA
Jan 4 2017 // Swiss Re Corporate Solutions has appointed Falk Schmaler as head of Middle East and North Africa (MENA). In his new role, Schmaler will be based in Dubai and responsible for driving the company’s business strategy...
Insured Cat Losses in 2016 Totaled $49B, with $158B of Economic Costs: Swiss Re
Dec 15 2016 // More than 10,000 people died as a result of natural and man-made disasters during 2016, with financial losses totaling at least $158 billion, Swiss Re said on Thursday. At an estimated $49 billion, insured losses rose by...
Swiss Re Veteran Hudzik to Head North America Casualty Operation
Dec 6 2016 // Swiss Re has named Mike Hudzik as head of its North America Casualty unit, effective Jan. 1, 2017. He will also join the Americas and Casualty management teams and will report directly to Steve Arora, head of Casualty...
