Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Corporate Solutions Names Kleiterp to Head Asia Pacific
Sep 3 2013 // Swiss Re Corporate Solutions has appointed Fred Kleiterp, a Swiss Re executive, as Head of Asia Pacific. He will move from his current position as Head of Europe, Middle East and Africa (EMEA) in Zurich. He is based in...
Lloyd’s Internal Probe Said to Be Focus of New York’s Iran Sanctions Inquiry
Aug 29 2013 // A New York regulatory investigation of Lloyd’s of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter...
$56 Bn Economic Loss; $17 Bn Insured: Swiss Re’s 1st HY Disaster Report
Aug 21 2013 // According to preliminary sigma estimates from Swiss Re, “total economic losses from natural catastrophes and man-made disasters were $56 billion in the first half of 2013. The global insurance industry covered $20...
Swiss Re Plays Key Role in Oxfam’s Bangladesh Flood Insurance Program
Aug 21 2013 // The global charity Oxfam has announced the launch of a flood insurance program for poor and vulnerable people in the river basin areas of the Sirajganj district of Bangladesh. “Initiated by Oxfam, the project is...
Swiss Re Posts $786 Million Q2 Net Income; But P&C Combined Ratio 100.7%
Aug 8 2013 // Swiss Re reported net income of $786 million for the second quarter of 2013, despite what the report described as a “period that saw high levels of natural catastrophes.” Net income in Q2, 2012 was $83...
Swiss Re, Lloyd’s Among Insurers Probed on Iran Sanction
Jul 22 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Swiss Re in Talks with Phoenix on Admin Re Merger
Jul 12 2013 // Swiss Re Ltd., the world’s second- biggest reinsurer, said it’s in preliminary talks about combining its Admin Re business with Phoenix Group Holdings. “There is no certainty that these discussions will...
Swiss Re Estimates Europe Flood Claims at $300 Mn; Overall Losses $3.5-$4.5 Bn
Jul 8 2013 // Swiss Re has estimated that its claims burden from recent flooding in central and Eastern Europe is approximately $300 million, net of retrocession and before tax. Industry-wide insured losses are estimated to be between...
Swiss Re, Lloyd’s Among Insurers Probed by N.Y. on Iran Sanction
Jul 1 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Swiss Re sigma Study Finds Global Insurance Premium Growth at 2.4%
Jun 26 2013 // Swiss Re’s latest sigma study reveals that “total global premiums written increased by 2.4 percent in real terms in 2012 to $4.613 trillion. Life premiums expanded by 2.3 percent unwinding some of the...
Swiss Re to Trim Costs and Buy Credit to Lift Profitability
Jun 24 2013 // Swiss Re Ltd., the world’s second- biggest reinsurer, plans to reduce costs and repurchase debt as it seeks to boost profitability and increase its dividend. Swiss Re expects costs savings of as much as $300 million...
Aspen Re Taps Swiss Re Exec to Lead U.S. Business Development in Connecticut
Jun 21 2013 // Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, appointed Tom Luning as head of U.S. regional business development.Tom LuningHe will be based at Aspen Re America’s office in...
Swiss Re Publishes ‘Corporate Responsibility’ Report;’Sustainable’Insurance Goals
Jun 19 2013 // Swiss Re announced the publication of its “2012 Corporate Responsibility Report,” which it said “enhances its accountability by reporting against the Principles for Sustainable Insurance for the first...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
Swiss Re Reports $1.4 Billion Q1 Net Income; Combined Ratio of 72.4%
May 2 2013 // Swiss Re’s earnings report reflected the lack of significant catastrophe events in the first quarter of 2013, which, except for the nasty winter weather in many parts of the world, didn’t see any high cost loss...
Swiss Re in Co-op Agreement with GEM Foundation for Latin America Quake Risk
Apr 24 2013 // The Swiss Re Foundation and the GEM Foundation announced a “three-year collaborative project to create the first-ever comprehensive picture of seismic risk in Latin America to incorporate social and economic...
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Apr 8 2013 // Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re’s latest sigma study. The United States...
Swiss Re Settles Dispute with Berkshire Hathaway over Life Retrocession
Mar 28 2013 // Swiss Re announced that it has reached a settlement of a dispute with Berkshire Hathaway over a life retrocession agreement, concluded in 2010. The reinsurer said it “has agreed to take back some of the risks covered...
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Mar 27 2013 // Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re’s latest sigma study. The United States...
Swiss Re Study for 2012 Losses: $77 Bn Insured; $186 Bn Economic
Mar 27 2013 // Swiss Re has released its latest sigma study, which found that economic losses from natural catastrophes and man-made disasters reached $186 billion in 2012. Insured losses amounted to $77 billion, making 2012 the third...
