Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
My New Markets
May 21 2007 // Tow Truck Operators Nuts & Bolts: Swiss Re’s Commercial Insurance and BISYS launched a program for tow truck operators. Policies are underwritten by Westport Insurance Corp., a Swiss Re company, and are backed...
My New Markets
May 21 2007 // Tow Truck Operators Nuts & Bolts: Swiss Re’s Commercial Insurance and BISYS launched a program for tow truck operators. Policies are underwritten by Westport Insurance Corp., a Swiss Re company, and are backed...
Swiss Re Q1 Net Income up 54% to $1.09 Billion
May 8 2007 // Swiss Re reported first quarter net earnings of CHF 1.3 billion ($1.093 billion), an increase of 54 percent over the prior year’s first quarter, “based,” the Company said, “on continuing good...
New Markets
May 7 2007 // My New Markets Commercial Auto Nuts & Bolts: Arrowhead General Insurance Agency Inc. has a commercial auto liability and physical damage coverage program for the standard market. Extra heavy vehicles are accepted, and...
Swiss Re Now Offering Nonadmitted E&O Coverage for Big ‘I’ Agents
May 3 2007 // Swiss Re is now offfering a nonadmitted coverage for the members of the Independent Insurance Agents and Brokers of America (IIABA). The nonadmitted product is designed for agencies with unique operations and special needs...
Swiss Re Exec Explores Risk and Mitigation Disconnect at RIMS
May 2 2007 // Agostino Galvagni, a member of the Executive Board of Swiss Re and head of the company’s Globals and Large Risks division, told a panel at the RIMS convention in New Orleans that there’s a growing disconnect...
Swiss Re Expands Nat Cat Global Asset Protection Services
May 1 2007 // Swiss Re announced from the RIMS Convention in New Orleans that its Global Asset Protection Services (GAPS) are offering new consulting capabilities to improve the management of risks that result from wind and earthquake...
Swiss Re Places A$750 Million Bonds
Apr 30 2007 // Swiss Re announced that it has successfully settled its first Australian dollar bond today with a perpetual subordinated step-up notes transaction, totaling A$750 million (US$620 million). Swiss Re noted that the...
Best Assigns ‘a+’ Rating to Proposed Swiss Re Notes
Apr 25 2007 // A.M. Best Co. has assigned an “a+” rating to the proposed perpetual step up-loan notes (approximately USD 500 million issued in AUD) to be issued by ELM B.V., a bankruptcy remote repackaging vehicle based in...
Business Moves
Apr 23 2007 // Brown & Brown, United Employers Insurance Brown & Brown Insurance Services of Texas Inc., a subsidiary of Fla.-based Brown & Brown Inc., acquired the assets of Houston-based United Employers Insurance Agency...
Summary of Swiss Re AGM
Apr 20 2007 // Swiss Re held its 143rd Annual General Meeting at the Hallenstadion in Zurich today, April 20. A total of 1,144 shareholders attended the event, representing 43.49 percent of Swiss Re’s voting share capital. They...
S&P Rates Swiss Re Sub ELM BV Notes ‘A’
Apr 18 2007 // Standard & Poor’s Ratings Services has assigned its “A” long-term debt rating to the Australian dollar-denominated perpetual step-up notes to be issued by repackaging structure ELM BV and secured...
Swiss Re, Allianz, RMS Team-up to Write UK, US, Canada Cat Bonds
Apr 17 2007 // Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of...
Swiss Re $426 Million European Clean Energy Fund Fully Subscribed
Apr 16 2007 // Swiss Re announced that it has successfully closed the €329 million ($446 million) European Clean Energy Fund to further investment. “The Fund, a UN accredited investment vehicle, provides capital to European clean...
My New Markets
Apr 9 2007 // Commercial Auto Nuts & Bolts: Texas Specialty Risk Programs is offering coverage on commercial auto fleets, 1-20 power units. Lowest pricing available. Same day quotes if requested. No loss info required. Submission...
European Insurance Forum puts Ireland in the spotlight
Apr 9 2007 // Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...
Best Rates Swiss Re Notes ‘a+’
Apr 5 2007 // A.M. Best Co. has assigned a rating of “a+” to the £500 million ($986.5 million) perpetual step up-loan notes issued by ELM B.V., which it described as a “bankruptcy remote repackaging vehicle based in...
Swiss Re L&H Embedded Value up 38%; Conference Call Today
Apr 3 2007 // Swiss Re announced that its life & health embedded value earnings grew by 38 percent to CHF 2.4 billion ($1.97 billion), up from CHF 1.7 billion ($1.4 billion) in 2005. Overall embedded value increased by 13 percent...
Swiss Re Launches Workers’ Comp Plan in Texas
Mar 27 2007 // Swiss Re’s Commercial Insurance introduced its workers’ compensation coverage for small business owners in Texas to be delivered via its exclusive CyberComp platform. According to the company’s...
My New Markets
Mar 26 2007 // Social Service Organizations Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit...
