Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Corporate Solutions Opens Netherlands for Benelux Market
Aug 29 2012 // Swiss Re Corporate Solutions announced that it has opened an office in Amstelveen, the Netherlands, to “reinforce its presence in the Benelux region. The office will provide insurance solutions to large and...
Swiss Re Reports Italian Insurance Market at ‘Crossroads’ of Change
Aug 27 2012 // According to Swiss Re’s latest study – The Italian insurance market: opportunities in the land of the Renaissance – “Italy stands at the crossroads of economic and social change, and therefore offers...
Hard Market Generates New E&O Challenges for Insurance Agents
Aug 22 2012 // The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums so low that agents have had to fight for business and write more accounts just to...
Swiss Re Reports $83 Million Q2 Net Income; $717 Million in P&C
Aug 9 2012 // Swiss Re reported a net profit of $83 million for the second quarter of 2012, indicating that the figure was “impacted by the sale at a loss of $1.0 billion of the Admin Re® US business.” Property &...
Swiss Re Corporate Solutions Increases North American Property Capacity
Aug 2 2012 // Swiss Re Corporate Solutions has increased available Property capacity from $250 million to $500 million. As part of the company’s single carrier offering, the increase in property capacity up to $500 million is...
Black Heads Swiss Re’s Brazilian, So. American Reinsurance Operations
Jul 6 2012 // Swiss Re announced that it now operates as a Local Reinsurer in Brazil under new leader Margo Black, as its Head of Reinsurance for Latin America South and President of Swiss Re Brasil Resseguros SA. “She starts at a...
Swiss Re Chief Economist Sees Stronger U.S. Economy by Year End
Jul 2 2012 // On the heels of the U.S. Federal Reserve’s decision to maintain the target fed funds rate at zero to 25 basis points Swiss Re’s Chief Economist, Kurt Karl, said: “The U.S. economy has been weak recently,...
Swiss Re sigma Study Finds P&C Growth in Emerging Markets
Jun 27 2012 // Swiss Re’s latest sigma study concludes that “global overall premiums declined 0.8 percent in real terms in 2011. While non-life premiums expanded 1.9 percent on solid economic growth in emerging markets and...
Swiss Re Chief Economist Sees Rising Rates by Year End
Jun 22 2012 // On the heels of the decision by the U.S. Federal Reserve to maintain the target fed funds rate at zero to 25 basis points Swiss Re’s Chief Economist, Kurt Karl, commented: “The US economy has been weak...
Prudential Buying U.S. Life Insurance Business from Swiss Re
May 31 2012 // Britain’s No.1 insurer Prudential Plc on Thursday said it will buy life insurer SRLC America Holding Corp. from Swiss Re AG for 398 million pounds in cash. It said the purchase would be made through...
Swiss Re Plays Leading Role in Private Sector Plan for African ‘Food Security’
May 21 2012 // Swiss Re announced that CEO Michel Liès has signed a letter of intent to participate in a “New Alliance for Food Security and Nutrition,” which will begin work following the G-8 summit at Camp David. Those...
Ratings Recap: Swiss Re Corporate Solutions, Milli Re
May 15 2012 // A.M. Best Co. has assigned a financial strength rating of ‘A+’ (Superior) and an issuer credit rating of “aa-” to Swiss Re Corporate Solutions Ltd. (SRCSL), both with stable outlooks. The ratings of...
Padilla to Join Swiss Re as Head of Latin American Reinsurance – North
May 15 2012 // Swiss Re announced the appointment Alejandro Padilla, effective June 1, 2012, as Head of Reinsurance Latin America North and President of Swiss Brokers Mexico, Intermediario de Reaseguro, S.A. de C.V. He will be based in...
Swiss Re in New $400 Million Nat Cat Bond for Europe, U.S. Wind Risks
May 7 2012 // Swiss Re Ltd. Announced that it has secured $400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., which it described as a “flexible program that allows Swiss Re to cede wind risks in...
Swiss Re Q1 Net Profit Rebounds from Q1 2011 to $1.1 Billion
May 4 2012 // Swiss Re reported a very strong first-quarter with overall net income of $1.141 billion in comparison to a loss of $665 million in Q1 2011. “This result was driven by strong underwriting, good investment performance...
Swiss Re Team Favored to Acquire Groupama’s Brokerage Unit – Sources
Apr 25 2012 // Swiss Re and its private equity partners Apax and PAI are in pole position to acquire Groupama’s GAN Eurocourtage [brokerage] unit for about €600 million ($793.2 million), people familiar with the situation...
Swiss Re Expands Foreign Coverages Through New Partnership
Apr 19 2012 // As part of its expansion into direct-selling insurance to the global company marketplace, Swiss Re has partnered with Royal Sun Alliance (RSA) to offer single carrier property insurance to mid and upper-middle size U.S....
Swiss Re Structures $240 million Insurance-linked Securities for Allianz
Apr 6 2012 // Swiss Re Capital Markets announced that it has “structured and successfully placed $240 million of insurance-linked securities [cat bonds] issued by Blue Danube Ltd., on behalf of a subsidiary of Allianz SE. The...
$370 Billion Econ. Losses for 2011; $116 Billion Insured, Says Swiss Re
Mar 28 2012 // Although everyone is more or less aware that 2011 was a very bad year for losses from natural catastrophes, the figures compiled by Swiss Re evince just how bad they actually were. In its latest sigma study the reinsurer...
Ratings Recap – Notes, Pref. Shares: Swiss Re, Fairfax, AXIS, Munich Re
Mar 22 2012 // A.M. Best Co. has assigned a debt rating of “a+” to the recently issued CHF 320 million [$350 million] 7.25 percent perpetual subordinated notes with a stock settlement issued by Swiss Reinsurance Company Ltd.,...
