Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
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...
$171 Million Capital Gain for Swiss Re on PartnerRe Sale
May 7 2003 // Swiss Re will sell its remaining 8.3 million shares in Bermuda’s PartnerRe, around 16 percent of the company’s total shares, on the open market, pursuant to a registration statement with the Securities and...
Swiss Re Appoints Jacques Aigrain as CIO; Replaces Giuseppe Benelli
Apr 30 2003 // Swiss Re announced that Jacques Aigrain, who currently heads the company’s Financial Services Business Group will also assume responsibility as Chief Investment Officer, replacing Giuseppe Benelli, who is leaving the...
Swiss Re Asks PartnerRe to Register Shares for Sale
Apr 30 2003 // Bermuda’s PartnerRe Ltd. announced that it has received a notice of exercise of rights from Swiss Re under the terms of the Registration Rights Agreements between PartnerRe Ltd. and Swiss Re. PartnerRe said it...
Swiss Re CEO Says Reinsurance Prospects Favorable
Apr 21 2003 // Swiss Re’s CEO said recently that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the Property/ Casualty reinsurance market. John Coomber joined...
Swiss Re’s Africa Strategy Results in Name Change
Apr 17 2003 // The local subsidiaries of global reinsurer Swiss Re announced a change of name of its local reinsurance units. The change reflects Swiss Re’s growing Africa-wide involvement and its strategic aim of becoming the...
Swiss Re CEO Says Reinsurance Prospects Favorable Despite Current Capital Market Weakness
Apr 10 2003 // Swiss Re’s CEO said Wednesday that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the property & casualty reinsurance market. John Coomber...
SWISS RE SIGMA STUDY PUTS 2002 CAT LOSSES AT $13.5B
Apr 7 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the industry at $13.5 billion, $1.5 billion more than the company’s preliminary estimates released...
Swiss Re Reports $66 Million Net Loss for 2002; to Reduce Dividend Payment
Mar 27 2003 // Swiss Re, the world’s second largest reinsurer, didn’t manage to dodge the bullet as successfully as its German rival (see previous article). The Group announced that it expects to post a net loss of SwF 91...
Swiss Re and Penn State to Host Financial Strategy Workshop on Managing Weather and Climate Risk
Mar 26 2003 // Swiss Re announced that it will host a one-day, executive education workshop entitled, “Weatherproof Your Business: New Financial Strategies For Managing Weather and Climate Risk,” in partnership with Penn...
Resurrection-First Steps to WTC Resurrection as Coverage Fight Continues
Mar 24 2003 // With the selection of the design submitted by Berlin-based architect Daniel Libeskind, rebuilding of the World Trade Center site has begun. Walking around the 16 acres of open space in the heart of New York one finally...
Appraisal Becomes an Option in Swiss Re/Silverstein WTC Dispute
Mar 20 2003 // Federal District Court Judge John Martin has ruled that Silverstein Properties, the master leaseholder of the World Trade Center, must submit the dispute over the valuation of the buildings lost as a result of the Sept. 11...
Swiss Re sigma Study Puts 2002 Cat Losses at $13.5 Billion
Mar 13 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the insurance industry at $13.5 billion, $1.5 billion more than the company’s preliminary...
New Swiss Re Technical Publication Issued for Calculating Claims Ratio in Third Party Auto Liability Insurance
Mar 10 2003 // Swiss Re announced that it has published a new brochure on the “Pricing of motor quota share treaties,” which will give brokers and insurers a guide on “how premiums can be profitably priced in ther...
Swiss Re’ Expects $74 Million 2002 Loss; January Renewal Rates up 10%
Feb 26 2003 // Swiss Re indicated that it expects to post a net loss in the CHF 100 million ($73.7 million) range for the year 2002, due primarily to weakness in global equity markets, but the company also announced that the January...
Silverstein Spokesman Replies to Swiss Re Comments; Calls them ‘Cynical, Manipulative’
Feb 5 2003 // Howard Rubenstein, a spokesman for Larry Silverstein, responded to Swiss Re’s press release of Feb. 4, that criticized Silverstein in his attempt to collect insurance money from the Sept. 11, 2001 attack on the World...
