Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Creates U.S. Advisory Board
Aug 15 2002 // Swiss Re has established a U.S. Advisory Board to provide advisory and consultative services to Swiss Re America Holding Corporation and its US subsidiaries. The establishment of this Advisory Board reflects Swiss...
Swiss Re Determines Actual Value Amount for WTC
Aug 6 2002 // Swiss Re announced that there are no circumstances under which World Trade Center leaseholder Larry Silverstein can ever recover more than $3.5 billion of insurance proceeds under the coverage he purchased. Swiss...
Swiss Re Receives $255 Million in Catastrophe Protection
Jul 19 2002 // Swiss Re has obtained $255 million of four-year protection against a series of natural catastrophe risks. As part of the transaction, Swiss Re signed a financial contract with PIONEER 2002 Ltd. (PIONEER), a special purpose...
Swiss Re to Host Conference on Greenhouse Gas Emissions
Jul 12 2002 // Swiss Re will host a two-day conference at the at the American Museum of Natural History in New York on July 17 and 18 focusing on the role of greenhouse gas emissions in causing climate change. “The conference will...
Swiss Re Sigma Study Examines London Market
Jul 5 2002 // A New Swiss Re Sigma report examines the state of the London Market, describing the effects of the sweeping changes that have occurred over the last decade, the ongoing consolidations, the market’s continuing...
Judge Rules Swiss Re Can Question GMAC on WTC Settlement
Jul 4 2002 // Swiss Re won another round in its lawsuit with Silverstein Properties over the amount of the recovery for the WTC losses, when Judge John Martin ruled that conversations between Silverstein’s lawyers and GMAC’s...
Trenwick Begins Arbitration with Swiss Re in $55 Million Dispute
Jul 2 2002 // Bermuda-based Trenwick Group Ltd. announced that it has commenced an arbitration proceeding seeking $55 million in damages and other relief against European Reinsurance Company of Zurich, a subsidiary of Swiss Re. Trenwick...
Swiss Re Analysts See Economic Recovery, Hard Market Continuing
Jun 27 2002 // Wednesday’s teleconference, featuring Swiss Re’s economic experts, concluded that a modest economic recovery will continue, the insurance industry will see higher rates and a “flight to quality, ”...
Judge Rules Insurers Can Question Willis on WTC Coverage Form Dispute
Jun 20 2002 // U.S. District Judge John Martin has ruled in favor of a motion filed by Travelers Property Casualty Corp. in the Swiss Re/Silverstein Properties lawsuit over the extent of coverage on the World Trade Center. The motion,...
Swiss Re To Host Mid-Year Economic and Insurance Industry Review
Jun 20 2002 // Swiss Re announced that economic and investment professionals will recap the first half of 2002 and take a look ahead at next six months and beyond at the company’s Mid-year Economic and Insurance Industry Review and...
Swiss Re Publishes Study on Latin American Insurance Industry
Jun 14 2002 // Swiss Re has released its latest “sigma” study, which examines the insurance industry in Latin America emphasizing the growth potential of the region, but warning of the necessity to increase...
WTC Claims Dispute Spills Over
Jun 10 2002 // The legal dispute between Swiss Re and Silverstein Properties, over whether the destruction of the twin towers of the World Trade Center constituted one occurrence or two, has spilled over to involve the Willis group, the...
WTC Claims Dispute Gets Nasty (ier)
Jun 10 2002 // The legal dispute between Swiss Re and Silverstein Properties, over whether the destruction of the twin towers of the World Trade Center constituted one occurrence or two, has spilled over to involve the Willis group, the...
Swiss Re Licenses RMS’ Weather Derivative System
Jun 3 2002 // Newark CA-based Risk Management Solutions (RMS), a leading provider of products and services for the management of natural hazard risks, announced that Swiss Re Financial Products Corp.(SRFP), a Swiss Re affiliate that...
RMS Provides Japan Earthquake Risk Analysis to Nissay Dowa, Swiss Re
May 31 2002 // Newark, California-based Risk Management Solutions (RMS) announced that it has provided the risk analysis to Nissay Dowa General Insurance Co., Ltd. and its counterparty, Swiss Re in support of the Fujiyama Ltd. $70...
Swiss Re Sponsors Brazilian Water Project; Offers Hurricane Expert Advice
May 20 2002 // Swiss Re will sponsor a water resources project in Northeastern Brazil in conjunction with World Vision, an independent environmental organization, and . will offer hurricane advice to the media by weather forecasting...
Update: Swiss Re, Silverstein, Willis WTC Claims
May 13 2002 // Lawyers for Silverstein Properties have strongly denied Swiss Re’s assertions that the form provided by Willis, which bound the insurers to cover the destruction of the World Trade Center, specified that the loss of...
Swiss Re Attacks Willis’ Testimony in WTC Dispute
May 9 2002 // The legal dispute between Swiss Re and Silverstein Properties over whether the destruction of the twin towers of the World Trade Center constituted one occurrence or two, has erupted into a dispute between Swiss Re and the...
2001: The Insurance Industry’s ‘Annus Horribilis’
Apr 15 2002 // In future years property/casualty insurers will no doubt look back on the year 2001 and shudder. Right now they’re too busy coping with the reality of the industry’s “annus horribilis,” to borrow...
Swiss Re Confirms $98 Million Loss for 2001
Apr 10 2002 // Swiss Re, the world’s second largest reinsurer, confirmed that it suffered a net loss of CHF 165 million ($98.64 million) in 2001, compared to 2000 net income of CHF 2.966 billion ($1.77 billion). The company...
