Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re sigma study details 2006 natural, man-made disasters
Mar 26 2007 // in its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in...
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...
Swiss Re sigma study details 2006 natural, man-made disasters
Mar 26 2007 // In its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in...
Swiss Re Observes ‘International Water Day’ with $825,000 Red Cross Gift
Mar 22 2007 // Today has been proclaimed “International Water Day,” and Swiss Re announced that will honor the occasion with a CHF 1 million ($825,000) donation to the International Committee of the Red Cross (ICRC) for a...
European Insurance Forum Puts Ireland in the Spotlight
Mar 19 2007 // 18 years ago an Irish insurance conference probably 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...
S&P Sees No Ratings Change for Swiss Re Subsidiaries
Mar 14 2007 // Standard & Poor’s Ratings Services said that its ratings and outlooks on the European subsidiaries of Zurich-based global reinsurer Swiss Reinsurance Co. -rated “AA-/Stable/A-1+” – remain...
Swiss Re to Alter Structure as EU Re Directive Deadline Approaches
Mar 13 2007 // Swiss Re announced plans to alter its current corporate structure within the European Union by forming three legal entities, based in Luxembourg. They “will serve as risk carriers for most of its European reinsurance...
Swiss Re <em>sigma</em> Study Details 2006 Natural, Man-made Disasters
Mar 9 2007 // In its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in...
Swiss Re Adds Excess Layer Coverage for Lawyers
Mar 6 2007 // Swiss Re’s Commercial Insurance launched a new product for excess layer coverage for law firms. The expanded coverage is designed to follow the form of the underlying policy, features a broad range of attachment...
Swiss Re Completes Repurchase of 50% of GE Shares
Mar 5 2007 // Swiss Re announced that it has completed the repurchase of more than 16 million shares, approximately 50 percent of General Electric’s stake in Swiss Re, for CHF 102.96 ($84.87) per share. Swiss Re announced plans to...
Best Comments on Swiss Re Results
Mar 2 2007 // A.M. Best Co. has commented that its ratings for Swiss Re and its rated subsidiaries remain unchanged following the publication of its 2006 consolidated results (See IJ web site March 1). Best noted Swiss Re’s...
Swiss Re Net Jumps 98% to $3.76 Billion; Plans Share Buyback
Mar 1 2007 // Swiss Re announced record 2006 earnings of CHF 4.6 billion ($3.76 billion), a 98 percent increase over 2005. Earnings per share were CHF 13.49 ($11.02), a 16.3 percent return on equity. Shareholders’ equity rose by...
Ohio KeyCorp Settles Leased Cars Case for $279 Million
Feb 23 2007 // Cleveland, Ohio-based KeyCorp Bank will receive $279 million from a Swiss insurance company to settle a six-year-old lawsuit over losses it claimed in its car leasing business. The settlement, disclosed this week in a...
Swiss Re Closes ‘Gherkin’ Sale
Feb 23 2007 // Swiss Re announced that it has completed the sale of its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion) (See IJ web...
Fairfax Q4 Net $159 Million; $227 Million Full Year
Feb 23 2007 // Toronto-based Fairfax Financial Holdings recorded net earnings in US dollars of $159.1 million for the fourth quarter of 2006 and $227.5 million for the 2006 year ($8.45 and $11.92 per diluted share, respectively). The...
Swiss Re P/C Renewals up 14%; Conference Call Today
Feb 13 2007 // Swiss Re announced that it has “grown its non-life [P/C] reinsurance portfolio by CHF 1.3 billion [$1.04 billion] or 14 percent, which reflects successful renewals of business acquired through the acquisition of...
Best Upgrades Swiss Re’s GE Acquisitions to ‘A+’
Feb 6 2007 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to “A+” (Superior) from “A” (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Employers...
Swiss Re Sells London Office Building for $1.18 Billion
Feb 5 2007 // Swiss Re has agreed to sell its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion). The transaction is expected to close...
Swiss Re Estimates Kyrill Losses at $181 Million
Jan 26 2007 // Swiss Re’s preliminary estimates of its potential net losses from Windstorm Kyrill are around €140 million ($181 million) before tax. Its gross claims estimate is around €220 million ($284 million), but this is...
Swiss Re Backs Independent European Agency to Assess Nat Cat Risks
Jan 23 2007 // Swiss Re has issued a “focused report,” which assess the growth of the catastrophe bond market and calls for the establishment of an independent agency to “aggregate European claims data and provide the...
