Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
WTC CLAIMS WAR OF WORDS CONTINUES AS GOV. SEEKS SETTLEMENT:
Nov 3 2003 // Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade...
Swiss Re Downgraded
Nov 3 2003 // A.M. Best Co. has downgraded the financial strength ratings to “A+” (superior) from “A++” (superior) of Swiss Re and its core subsidiaries. At the same time, Best has accordingly downgraded the...
Swiss Re Downgraded
Nov 3 2003 // A.M. Best Co. downgraded the financial strength ratings to “A+” (superior) from “A++” (superior) of Swiss Re and its core subsidiaries. At the same time, Best downgraded the ratings on all debt...
WTC Claims War of Words Continues as Governor Seeks Settlement
Oct 13 2003 // Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade...
Court Rules Against Silverstein WTC Claim, Orders Jury Trial
Sep 29 2003 // John M. Walker, Jr., Chief Judge of the U.S. Court of Appeals for the Second Circuit, has issued a ruling denying Silverstein Properties’ motion for summary judgment in its battle with Swiss Re, Travelers and other...
Swiss Re Reports $490 Million 1st Half Net Earnings
Aug 29 2003 // Unlike its German rival (see following story) Swiss Re posted a significant first half-earnings increase to CHF 691 million ($490 million), compared to CHF 118 million ($83.6 million) in the same period of 2002. Total...
Swiss Re Report Says Hospitals Face Growing ‘Mad Cow Disease’ Threat
Aug 22 2003 // Hospitals face a growing threat from a new variant of Creutzfeldt-Jakob disease (vCJD), the human version of “mad cow disease,” the killer infection that decimated British cattle herds in the 90’s. Swiss...
New Swiss Re Sigma Study Examines Ratings
Aug 22 2003 // A newly issued sigma study from Swiss Re “Insurance company ratings”, examines rating assessments, as determined by the four major agencies, A.M. Best, Fitch Ratings, Moody’s Investors Service, and...
S&P Cuts Swiss Re
Aug 18 2003 // Standard & Poor’s Ratings Services lowered its long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. and related core subsidiaries of the...
S&P Affirms Gerling NCM Credit and Finance Ratings
Aug 13 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and insurer financial strength ratings on the core operating entities of Germany-based insurance group,...
Swiss Re, Mitsui Sumitomo Arrange $100M Catastrophe Risk Swap
Aug 6 2003 // Swiss Re and Mitsui Sumitomo Insurance Company have arranged a $100 million catastrophe risk swap. The catastrophe risk swap is structured in two risk exchanges of $50 million each: Japan typhoon for North Atlantic...
S&P Cuts Swiss Reinsurance Co. Ratings to AA
Jul 29 2003 // Standard & Poor’s Ratings Services said it lowered its long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. and related core subsidiaries of...
S&P Says Gerling NCM Insurance Group Still on Watch Neg
Jul 22 2003 // Standard & Poor’s Ratings Services commented on the CreditWatch status of Germany-based credit insurance company Gerling NCM Credit and Finance AG (Gerling NCM), reflecting the impact of its new shareholder...
Dollar Decline Hits Swiss Re’s Embedded Value
Jul 9 2003 // Swiss Re, the world’s second largest reinsurer, can’t seem to get a break. Despite reporting a 15 percent increase in gross premium volume last year, to SwF 29.1 billion ($21.2 billion) the company posted a net...
Swiss Re Economists Say U.S. Economy Entering Slow Patch, Industry Looking At Prolonged Hard Market
Jun 25 2003 // Swiss Re’s Chief Economist said on Wednesday that the U.S. economy is growing slowly – weakness consistent with a Fed cut later today – but will grow more rapidly in the second half of the...
Financial Market Weakness Will Continue to Affect Results, Says Swiss Re CEO
Jun 20 2003 // In an in depth interview with Reuters News Agency, Swiss Re CEO, John Coomber said that the ongoing decline in equity values, coupled with low interest rates and the weakness of the U.S. dollar will continue to be a drag...
Harvard Medical, Swiss Re Tell Congress Risks of Global Warming “Are Here Already”
Jun 19 2003 // Experts from the Harvard Medical School and Swiss Re briefed members of Congress yesterday on what they see as the current effects of global warming, indicating that it’s no longer “a hypothetical concern for...
New Swiss Re Publication Examines Terrorist Risks
May 21 2003 // Swiss Re announced that it has published a timely new study, “Terrorism risks in property insurance and their insurability after 11 September 2001,” which it described as a “brochure aimed at identifying...
Swiss Re Shareholders Accept 2002 Results; Chairman Says 2003 Will be Better
May 13 2003 // Swiss Re, the world’s second largest reinsurer, held its 139th annual shareholders meeting yesterday, and, as expected, shareholders approved last year’s SwF 91 million ($69.3 million) net loss, and the...
Swiss Re, Deutsche Bank to Take Over Gerling NCM
May 7 2003 // Gerling NCM Credit and Finance AG, the credit insurer in which Gerling currently has a 55.9 percent stake, will be reorganized as part of a complex transaction, which will see Swiss Re, which already has a 25 percent...
