Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Private Equity Fund Aquiline Acquires Consultant Conning from Swiss Re
Oct 14 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, has acquired insurance consulting and asset management provider Conning & Co. from Swiss Reinsurance Co. Ltd. Conning & Co....
Swiss Re Receives Retakaful License for Malaysia
Oct 8 2009 // Swiss Re has received a composite license from Bank Negara Malaysia to write Retakaful business, and has opened a dedicated Retakaful operation in Malaysia’s capital, Kuala Lumpur. Swiss Re said the composite license...
Ratings Recap: Accident & General, Inbursa, Swiss Re Frankona
Sep 29 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Accident & General Insurance Company Ltd. (AGI) of the Cayman...
Ratings Recap: Fairfax (debt), Swiss Re (notes), Rembrandt,
Sep 23 2009 // Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB-‘ senior unsecured debt, ‘BB+’ subordinated unsecured debt, and ‘BB’ preferred shares ratings on Fairfax...
Swiss Re Cites Report on Developing Countries Climate Change Costs
Sep 15 2009 // A report, published on Swiss Re’s web site from the Economics of Climate Adaptation Working Group, indicates that climate risks could cost nations up to 19 percent of their GDP by 2030, with developing countries most...
Swiss Re Issues New <em>sigma</em> Report on Insurance-linked Securities
Sep 10 2009 // According to Swiss Re’s new sigma study, “the role of indices in transferring insurance risks to the capital markets”, both (re)insurers and investors benefit when clearly defined and regularly updated...
Swiss Re Calls for Public/Private Coordination to Tackle Nat Cat Costs
Aug 28 2009 // Swiss Re is intensifying its efforts to urge governments to take a “more joined-up approach to managing risk.” At a recent conference in Helsinki, Swiss Re, through its Nordic Risk & Insurance Summit...
AmTrust to Buy Workers’ Compensation Unit CyberComp from Swiss Re
Aug 27 2009 // New York-based AmTrust Financial Services, Inc. has agreed to acquire CyberComp, the workers’ compensation business unit of Swiss Re, in a renewal rights transaction. Serving the workers’ compensation needs of...
Swiss Re’s Q2 Net Loss Surprises Analysts But P/C Insurance Profitable
Aug 5 2009 // Swiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitized products and its own credit spreads ate up operating returns. Zurich-based Swiss Re said it made a net loss...
S&P Affirms/Withdraws Some Swiss Re Operating Company Ratings
Jul 15 2009 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on various operating companies belonging to global reinsurer Swiss...
Ratings: Everest Re (Ireland), Bosna Re, Peace Hills, Farmers (NZ), Swiss Re (debt), Optimum
Jun 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Everest Reinsurance Co. (Ireland) Ltd. S&P also said the outlook on Everest Re...
Aquiline to Buy Conning & Co. from Swiss Re
Jun 16 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, said Tuesday it agreed to buy insurance services provider Conning & Co. from Swiss Reinsurance Co. Ltd. Terms of the deal were not...
Swiss Re Enters Lead Umbrella Market in U.S.
Jun 9 2009 // Swiss Re reported it is now offering lead umbrella insurance coverage to retail brokers and risk managers in the United States. The umbrella coverage from Swiss Re’s Industrial Risk Insurer (IRI) is available on an...
Swiss Re Names Flunger to Head Specialty/Commercial Lines
May 21 2009 // The Swiss Re Group has announced the appointment, effective immediately, of Rudolf Flunger as Head of Insurance & Specialty, the company’s division responsible for commercial insurance, industrial insurance,...
Ratings Recap: Allianz, Swiss Re (Notes), Everest Re (Ireland), Civic
May 18 2009 // Standard & Poor’s Ratings Services issued a statement that its ratings and outlook on Germany’s Allianz SE (AZSE), currently ‘AA’/Stable/’A-1+’, and various core operating entities...
Swiss Re Q1 Net Profit Falls 75% to $131.6 Million, But Results Improve
May 7 2009 // Swiss Re reported a net profit of CHF 150 million ($131.6 million) in the first quarter of 2009, compared to CHF 0.6 billion ($527 million) for the same period last year. Earnings per share declined to CHF 0.45 (39.5...
Swiss Re <em>sigma</em> Study Tallies Catastrophic 2008
Mar 18 2009 // Swiss Re has just released its latest sigma study, which details the toll of disasters that made 2008 “one of the worst years for catastrophe losses” according to the report. More than 240,500 people lost their...
Swiss Re Finalizes Funding Agreement with Berkshire Hathaway
Mar 13 2009 // Swiss Re has announced that the “main terms of the convertible perpetual capital instrument to be issued to Berkshire Hathaway have been finalized.” The funding agreement was announced at the same time as Swiss...
Swiss Musical Chairs Continues, As Kielholz Named Swiss Re Chairman
Mar 9 2009 // Switzerland’s financial community has seen some major upheavals lately. The latest major change came with the announcement that Peter Forstmoser, Chairman of the Board of Directors of Swiss Re, has decided to resign...
New UBS Chairman Villiger Resigns from Swiss Re’s Board
Mar 5 2009 // Swiss Re announced that following Kaspar Villiger’s nomination for election as Chairman of the UBS Board of Directors he will resign as a member of Swiss Re’s Board of Directors with effect from from March 13,...
