Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Posts $4.2 Billion 2012 Net Income; Premiums & Fees up 15%
Feb 21 2013 // Swiss Re reported strong 2012 results with net income for the year of $4.2 billion for full-year 2012, compared to $2.6 billion in 2011. The report said the “result was driven by strong premium and fee income growth...
Gray to Replace Cooper on RenaissanceRe Board of Directors
Feb 21 2013 // Bermuda-based RenaissanceRe Holdings Ltd. announced that Thomas A. Cooper, 76, who has served as a member of the Board since 1996, will retire as a Director, and that Brian G. J. Gray, the recently retired Group Chief...
Swiss Re Announces Aviation, Agriculture Management Changes
Jan 24 2013 // Swiss Re announced that its reinsurance business unit is undertaking changes in its organizational set-up of special lines. “Agriculture and Aviation Reinsurance will be no longer under the same roof and will be...
Best Affirms Swiss Re and Sub’s ‘A+’ Ratings; Outlook Stable
Jan 24 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Swiss Reinsurance Company Ltd and its subsidiaries. Best also affirmed...
Swiss Re Examines Impact of Sustainable Energy Sources on Climate Change
Jan 22 2013 // Swiss Re said its latest report – Building a Sustainable Energy Future: Risks and Opportunities – “describes the impact of the changing global energy mix on climate change.” The study uses a combination...
Swiss Re Study Examines Agricultural Insurance Role in Global Food Production
Jan 16 2013 // A new sigma study – Partnering for food security in emerging markets – from Swiss Re concludes that “global agricultural production must increase by 60 percent to feed the world’s population, which...
Zurich, Swiss Re in $270 Million Excess of Loss Deal for No. Am. Quake Coverage
Jan 4 2013 // Zurich Insurance Group and Swiss Re have announced that Zurich has obtained, through its subsidiaries Zurich American Insurance Company and Zurich Insurance Company Ltd, a 3-year $270 million catastrophe excess of loss...
Swiss Re Estimates 2012 Economic Losses at $140 Billion; $65 Billion Insured
Dec 19 2012 // According to Swiss Re’s sigma preliminary estimates, economic losses from natural catastrophes and man-made disasters will likely reach at least $140 billion in 2012, while total insured losses from natural...
Swiss Re Study Sees Economy Improving in 2013; Casualty Lines Recover
Dec 11 2012 // Swiss Re’s latest study, “Global re/insurance review 2012 and outlook 2013/14” provides a somewhat optimistic forecast of the future state of the global economy and the insurance markets. Swiss Re said:...
Swiss Re to Invest $500 Million in Europe Infrastructure Debt through Macquarie
Nov 28 2012 // Swiss Re announced that it will engage in long-term financing of infrastructure businesses and assets, and has committed an initial US$500 million for investments in senior secured debt of infrastructure businesses and...
Agency E&O Outlook: Competition, Hard Market, Healthcare Effects and More
Nov 27 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
Swiss Re Estimates Claims from Hurricane Sandy at around $900 Million Net
Nov 26 2012 // Swiss Re announced that its estimates of claims from Hurricane Sandy are around $900 million, net of retrocession and before tax. The bulletin warned, however, that “this estimate is subject to a higher than usual...
Swiss Re Sigma Study Analyzes Changes to Insurance Accounting Practices
Nov 21 2012 // Swiss Re announced that its latest sigma study “takes a fresh look at the progress in the long-running debate to make insurance accounting practices more economically relevant and internationally...
Swiss Re Posts $2.2 Billion Q3 Net Income
Nov 8 2012 // Swiss Re reported net income of $2.2 billion in the third quarter of 2012, compared to $1.3 billion in the prior-year period, and a return on equity of 28 percent, “driven by continued strong performance from...
What’s Ahead in Agency E&O
Nov 5 2012 // Competition, Hard Market, Healthcare Effects and More E&O Suits by Carriers Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends,...
Swiss Re Names Fürer, Dacey to Group Executive Committee
Oct 19 2012 // Swiss Re has appointed Guido Fürer, currently head of the chief investment office, group chief investment officer and member of the Group executive committee. He succeeds David Blumer who is leaving the...
Chief Investment Officer Blumer to Step down from Swiss Re Post
Oct 5 2012 // Swiss Re’s Board of Directors has announced that Chief Investment Officer David Blumer has decided to leave the company, effective November 1, 2012. His successor will be announced in due course. Blumer joined Swiss...
Swiss Re’s Chief Economist on the State of the Global Economy
Sep 14 2012 // “The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview at the recent Reinsurance Rendezvous in Monte Carlo. He did indicate that...
Low Interest Rates: an Ongoing Problem for the Re/insurance Industry
Sep 12 2012 // Swiss Re’s sigma report analyzing the effect on the insurance industry of the continuing low interest rates doesn’t paint a pretty picture. They have been at historic lows for several years. For instance the...
Swiss Re Report Analyzes Rise in Flood Losses – $15 Billion and Counting
Sep 6 2012 // A new report from Swiss Re underscores the fact the “insured flood losses have increased from $1–2 billion in 1970 to $15 billion in 2011, which it describes as an “alarming rate” while posing...
