Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Corporate Solutions Adds Southern California Aviation Team
Mar 28 2016 // Swiss Re Corporate Solutions has established a regional aviation insurance team that operates out of the Santa Ana, Calif. office. Swiss Re Corporate Solutions offers a range of aviation insurance products, from physical...
AIG Frees Up Capital with Reinsurance Pact with Swiss Re
Mar 10 2016 // American International Group Inc., the insurer stung by losses on higher-than-expected claims costs, said Swiss Re AG has agreed to take on some of the company’s risks tied to casualty policies. The two-year...
Swiss Re’s 2015 Net Income Rises 31% to $4.6B; Q4 Profit Up to $938M
Feb 23 2016 // Swiss Re AG reported fourth-quarter profit that beat estimates after a quiet year for natural catastrophes and announced that Christian Mumenthaler, head of the company’s main reinsurance unit, will take over as...
Swiss Re Appoints Mumenthaler as Group CEO, Succeeding Liès Who Is Retiring
Feb 23 2016 // Swiss Re announced that Christian Mumenthaler, 46, currently CEO of Reinsurance, will become group chief executive officer on July 1, succeeding Michel M. Liès, who is retiring. Since October 2011, Mumenthaler has...
Swiss Re, Veolia Unveil Initiative to Speed Recovery After Cat Event
Feb 9 2016 // Swiss Re Corporate Solutions Ltd. and Veolia have joined forces, under the auspices of The Rockefeller Foundation, to launch an infrastructure recovery initiative to speed up economic recovery in the aftermath of...
Swiss Re & Partners Unveil Initiative to Speed Economic Recovery After Cat Event
Jan 22 2016 // Swiss Re Corporate Solutions Ltd. and Veolia have joined forces, under the auspices of The Rockefeller Foundation, to launch an infrastructure recovery initiative to speed up economic recovery in the aftermath of...
Swiss Re Appoints O’Neill as CEO of UK & Ireland
Jan 13 2016 // Swiss Re announced that Frank O’Neill has been appointed CEO of the company’s UK & Ireland business, effective Feb. 1. O’Neill has been the CEO of Swiss Re’s Middle East and Africa business for...
Swiss Re Corporate Solutions to Buy Stop Loss Underwriter IHC Risk
Jan 6 2016 // Swiss Re Corporate Solutions has agreed to buy IHC Risk Solutions and its direct employer stop loss (ESL) business from Independence Holding Co. for $152.5 million in cash. The transaction includes IHC Risk...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Swiss Re 2015 Economic Cat Loss Initial Estimates = $85Bn; $32Bn Insured
Dec 18 2015 // Swiss Re’s latest sigma report preliminarily estimates that total economic losses from natural catastrophes and man-made disasters will reach approximately $85 billion in 2015. Insured losses, however, were just $32...
Swiss Re Confirms ‘Four Pillar’ Strategic Framework for Continued Growth
Dec 8 2015 // Swiss Re, at its annual Investors’ Day Conference, unveiled its strategic framework to “position the company strongly vis-à-vis current and future opportunities and challenges facing the re/insurance...
Emerging Markets Are Growth Engines for Re/Insurance Industry: Swiss Re Report
Nov 25 2015 // The global economy is expected to strengthen moderately next year, which will support insurance premium growth in most regions, according to Swiss Re’s latest publication titled “Global insurance review 2015...
Swiss Re’s 1st 9 Months 2015 Consolidated Net Income up 12% at $3.659 Billion
Oct 29 2015 // Swiss Re reported consolidated net income of $3.659 billion, a 12 percent increase, for the first nine months of 2015, compared to $3.255 billion for the first 9 months of 2014. $1.399 billion was earned in the third...
Swiss Re Estimates Its Tianjin Port Explosion Losses Will Hit $250 Million
Oct 29 2015 // Swiss Re AG, the world’s second-largest reinsurer, posted a 13 percent increase in third-quarter profit after allowing for $250 million in losses from the chemical warehouse explosions in the Chinese city of Tianjin...
Swiss Re America’s Donnell to Succeed Klingel as NCCI CEO
Oct 26 2015 // William E. Donnell, president for Swiss Re America’s U.S. property and casualty reinsurance, will become the new president and chief executive officer of the National Council of Compensation Insurance, NCCI...
Swiss Re Names Baertschi President of Reinsurance – Latin America
Oct 20 2015 // Swiss Re announced that Urs Baertschi has been appointed to the new position of President of Reinsurance, Latin America, effective January 1, 2016. He will have overall responsibility for Swiss Re’s reinsurance...
Underinsurance of Property Is Growing Global Challenge: Swiss Re Report
Oct 5 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
Swiss Re Corporate Solutions Names Andrzejewski, Combes to Sales Posts
Sep 28 2015 // Swiss Re Corporate Solutions North America has named two members to its sales leadership team. Steve Andrzejewski joins the North America regional sales team as senior vice president, head of sales, Accident and Health....
Swiss Re to Buy Guardian Financial Services for $2.5B, Hiking UK Portfolio
Sep 23 2015 // Swiss Re AG’s business unit Admin Re agreed to acquire Guardian Holdings Europe Ltd. from buyout firm Cinven for 1.6 billion pounds ($2.5 billion) to increase its portfolio of U.K. life-insurance policies. The deal...
Swiss Re CFO: Some Reinsurance Deals in Time May Prove ‘Adventuresome’
Sep 15 2015 // Some takeovers in the reinsurance industry by investors from outside the sector may ultimately be viewed as “adventuresome,” the chief financial officer of reinsurer Swiss Re said. The reinsurance business has...
