Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Revisits the 1906 San Francisco Earthquake and Fire
Jan 18 2006 // Swiss Re has released “A shake in insurance history — The 1906 San Francisco Earthquake,” to mark the centennial of the catastrophe. The reinsurer notes that it was “an event that altered the course...
S&P, Swiss Re Predict More Securitization, M&A’s in Life Market
Jan 9 2006 // It’s hard to get anything close to a consensus from financial analysts, but one forecast seems to be gaining almost universal credibility. The life sector is set for further consolidation in 2006. This appears to be...
Estimates in Swiss Re <em>sigma</em> Study Confirm 2005 as Costliest Ever
Dec 21 2005 // Ever since Hurricane Katrina devastated New Orleans, 2005 looked certain to be a record-breaking year for insured losses. Swiss Re’s newly issued sigma report has now confirmed the sad fact. According to preliminary...
Swiss Re Reviews 2005, Takes Look Ahead at Upcoming Industry Year
Dec 14 2005 // Andreas Beerli, CEO of Swiss Re’s Property & Casualty business in the Americas, recently hosted the company’s annual year-end economic and insurance industry review and outlook and led the discussion about...
Swiss Re to Acquire GE Insurance Solutions for $6.8 Billion
Dec 4 2005 // In retrospect, the name GE Insurance Solutions (principal operating company Employers Re or ERC)-seems prophetic. Almost from the day that Jeffrey Immelt took over the reins at GE from its long-time CEO Jack Welch he began...
General Electric Exits Insurance; Sells Insurance Solutions, Employers Re to Swiss Re
Nov 18 2005 // General Electric has agreed to sell most of its Insurance Solutions business, including Employers Reinsurance Corp., to Swiss Re for $6.8 billion. It will retain some life insurance business. The transaction is subject to...
Fitch: Swiss Re on Watch for GE Buy
Nov 18 2005 // Fitch Ratings, the international rating agency, has placed Swiss Reinsurance Company on Rating Watch Negative and GE Insurance Solutions Corp. on Rating Watch Positive (see list of ratings below). The rating action follows...
Swiss Re Estimates Rita/Wilma Claims at App. $750 Million
Nov 4 2005 // Swiss Re announced that based on current estimates, it expects its aggregate claims for hurricanes Rita and Wilma to be approximately $750 million. CEO John Coomber commented: “This year’s hurricane season...
Swiss Re is Founding Partner in Red Cross Support Group
Oct 10 2005 // Swiss Re announced that it has joined seven other companies, including Zurich Financial Services, as a founding member of the International Committee of the Red Cross (ICRC) Corporate Support Group, which will support the...
Grupo Catalana Acquires 7% Stake in Atradius from Swiss Re
Sep 20 2005 // Spanish insurer Grupo Catalana Occidente announced that it has acquired 3,969,466 shares in global credit insurer Atradius – an additional 7.01 percent stake – from Swiss Re, Atradius’ largest...
International Newsbriefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
News Briefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Swiss Re Increases Katrina Claims by $700 Million to $1.2 Billion
Sep 12 2005 // Swiss Re has issued a major revision of its expected claims from Hurricane Katrina, increasing its loss estimates by $700 million from $500 million to $1.2 billion. The reinsurer is the first, but undoubtedly not the last,...
Swiss Re Estimates Katrina Claims at Around $500M
Sep 1 2005 // Swiss Re announced that, based on its preliminary estimate, it expects claims related to Hurricane Katrina to be in the range $500 million (CHF 625 million) before tax. “Swiss Re expects Hurricane Katrina to cost the...
Swiss Re Names Aigrain to Succeed Coomber as CEO
Aug 25 2005 // Concurrently with its 1st half earnings release (See related article), Swiss Re’s Board of Directors announced that Jacques Aigrain, currently Deputy CEO, has been appointed to succeed John Coomber, who will retire...
Swiss Re Posts $1.074 Billion 1st Half Net; Premiums Written Fall 4%
Aug 25 2005 // Swiss Re announced group net income of CHF 1.353 billion ($1.074 billion) for the first half of 2005, a 6 percent decline, compared to the CHF 1.441 billion ($1.144 billion) it earned in the same period of 2004. The...
Best Assigns ‘aa’ Rating to Swiss Re Senior Notes
Aug 11 2005 // A.M. Best Co. announced that it has assigned a rating of “aa” to the forthcoming Sw.Fr. 300 million ($235 million) senior notes to be issued by Swiss Re Treasury (US) Corporation and guaranteed by Swiss...
Swiss Re Tabs Hall as VP and Regulatory Counsel for Govt. Relations and Public Policy
Jul 12 2005 // Swiss Re has named Debra Hall to the newly-created position of vice president and regulatory counsel, Government Relations and Public Policy. Hall, who is responsible for working with government and industry officials on...
Swiss Re Capital Unit Names Gocksch Global Head – Market Risk
Jul 6 2005 // Swiss Re Capital Management and Advisory (CMA) has named Andreas Gocksch as Head of Market Risk. He will be based in New York and is responsible for managing the global market risk management function in CMA, reporting to...
Swiss Re Economists See Underwriting Discipline Key to Profitability
Jul 1 2005 // Kurt Karl, Swiss Re’s chief economist in North America, led the reinsurer’s Mid-year Economic and Insurance Industry Teleconference yesterday, June 30. The panelists forecast that a “modest rise in...
