Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Eyes Specialty Lines to Counter Reinsurance Slump
Sep 18 2014 // Swiss Re Ltd., the world’s No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest rates and fewer natural disasters undercut prices. “The super profits...
Swiss Re, Munich Re Wade Into Dutch Flood Insurance
Sep 16 2014 // The world’s biggest reinsurers, pushed by rising competition in existing markets, are preparing to insure against Dutch floods, a peril that centuries of experience have warned most in the Netherlands against. Swiss...
Demand for Liability Insurance to Rise Again: Swiss Re
Sep 15 2014 // Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Cyber risk,...
Swiss Re sigma Report Estimates 1st Half 2014 Insured Losses at $21 Billion
Aug 27 2014 // According to preliminary estimates in a sigma report from Swiss Re, total economic losses from natural catastrophes and man-made disasters reached $44 billion in the first half of 2014. The global insurance industry...
Swiss Re Corporate Solutions Names Linder Country Manager Germany
Aug 25 2014 // Swiss Re Corporate Solutions announce the appointment of Kuno Linder as Country Manager Germany. He will be based in Munich and be in charge of the company’s interests in the German commercial insurance market,...
Fosun Said to Pursue Deal for Swiss Re’s Aurora in the U.S.
Aug 19 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is in talks to acquire a U.S. life insurance arm of Swiss Re Ltd., people with knowledge of the matter said. Fosun is seeking...
Swiss Re Corprate Solutions Promotes Vetter, Names Moor to Casualty Posts
Aug 14 2014 // Swiss Re Corporate Solutions has named Robley Moor as head of casualty North America. With this appointment, Moor becomes managing director. He succeeds Daniel Vetter, who is promoted to global head of casualty in the...
CCRIF/Swiss Re Offer Caribbean Governments Insurance against Excess Rainfall
Aug 11 2014 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that eight of its members have become the first countries to purchase its excess rainfall insurance coverage – for the 2014/2015 policy year. CCRIF...
Swiss Re Sees Consolidation in Reinsurance amid Price Squeeze
Aug 7 2014 // Swiss Re Ltd. Chief Financial Officer David Cole expects consolidation in the reinsurance market as oversupply of capital squeezes prices. “Selling property and casualty reinsurance is becoming more difficult for us...
Swiss Re Q2 Profit $802 Million; but Misses Estimates on Drop at Life Unit
Aug 6 2014 // Swiss Re Ltd., the world’s second- biggest reinsurer, reported second-quarter profit that missed analysts estimates, as earnings from life and health insurance declined. Net income increased to $802 million from $786...
Swiss Re’s New SONAR Report Investigates 26 Emerging Risks
Jul 8 2014 // Swiss Re has released a report, “New emerging risk insights,” which is based on the reinsurer’s SONAR process, described as a “unique tool which uses Swiss Re’s internal risk management...
Swiss Re Agrees to Purchase RSA’s Sun Alliance in China
Jul 3 2014 // Swiss Re, the world’s second – largest reinsurer, agreed to buy a Chinese unit of RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects. The Zurich-based company is buying...
Swiss Re’s Klena Joins ACE North American Marketing, Communications Team
Jul 2 2014 // ACE Group has appointed Cora Klena as senior vice president, North American Marketing and Communications. Klena will be responsible for marketing and communications for the company’s North American businesses...
If Fracking Is the Question, Insurers May Ask – What Is the Answer?
Jun 19 2014 // When it comes to the use of evolving technologies such as hydraulic fracturing, or fracking, in oil and gas production one big question insurance companies are faced with is: to insure or not to insure? That is a key...
Swiss Re’s Admin Re to Acquire HSBC’s UK Pension & Annuity Policies
Jun 12 2014 // Swiss Re’s Admin Re unit has agreed to acquire individual and group pension and related annuity policies from HSBC Life (UK) Limited. Swiss Re said the transaction is scheduled to close in the second half of...
Swiss Re Affirms Priority of Risk Management; Updates Procedures
Jun 5 2014 // Swiss Re has published a report on the updates it has made in its Corporate Responsibility and Risk Framework applications. “Risk management is at the core what Swiss Re does and as a result, the company updated one...
Swiss Re Names Summerville Managing Director for Financial, Professional Services
May 19 2014 // Swiss Re Corporate Solutions has appointed Jeff Summerville to be head of Financial and Professional Services in North America. In this managing director role, he will lead underwriting teams for corresponding lines of...
How Technology Is Revolutionizing Insurance Distribution: Swiss Re
May 15 2014 // Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. The study concludes...
Swiss Re CFO Warns Cat Bond Yields May Attract Inexperienced Buyers
May 9 2014 // Swiss Re’s new Chief Financial Officer, David Cole, said high yields for insurance-linked securities [ILS], such as catastrophe bonds, may lure inexperienced buyers not prepared for the risks they carry. “The...
Weakness in Pricing Lowers Reinsurers’ Q1 2014 Profits
May 7 2014 // Swiss Re and Hannover Re, the world’s no. 2 and 3 reinsurers, said they saw lower prices in natural disaster reinsurance and April renewals, as they beat profit expectations in the first quarter. Fewer serious...
