Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
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...
Swiss Re CEO Upbeat on Equity Markets
Apr 1 2002 // According to a report from Reuters News Agency Swiss Re’s CEO Walter Kielholz told a local Swiss Sunday paper, the NZZ am Sontag, that the company had begun to buy equity shares again in September and foresaw an...
Catastrophe Losses Set at $34.4 Billion Last Year Says Swiss Re Study
Mar 14 2002 // A sigma study by Swiss Re estimates that more than 33,000 people lost their lives as a result of natural catastrophes and man-made disasters in 2001, and puts the cost to the insurance industry at $34.4 billion. Over half...
Swiss Re Panel Expecting Challenges for 2002
Mar 14 2002 // A panel assembled for the annual Swiss Re U.S. Insurance/Reinsurance Industry Forum March 13 in New York City noted that the next 18 months will offer numerous challenges to the industry. The analysis concluded that both...
CSFB Chief To Resign Post at Swiss Re
Mar 11 2002 // Lukas Mühlemann, the Chairman and CEO of Credit Suisse First Boston, will resign his post as Deputy Chairman of Swiss Re, following criticism of his dual role at CSFB. The two companies are linked by a series of cross...
XL Confirms Settlement with Swiss Re over Credit Derivative Contract
Feb 28 2002 // XL Capital Ltd announced that its insurance subsidiary, XL Insurance (Bermuda) Ltd, and Swiss Re Financial Products Corp. (SRFP) have withdrawn their respective claims in a lawsuit filed in London in 2001 related to a...
Swiss Re Reports Renewal Rate Increases, Expects 2001 Loss
Feb 26 2002 // Swiss Re reported that its property/casualty and financial services renewals in January 2002 “saw significant improvements in rates as well as terms and conditions across all lines of business.” The company...
Swiss Re Report on Terrorism Insurance Endorses Public/Private Solution
Feb 22 2002 // Swiss Re has released a study entitled “Terrorism — dealing with the new spectre,” which concludes that the most promising approach to the problem of terrorism insurance is a “public/private...
World Trade Center Building Lawsuits Multiply
Jan 14 2002 // Several new fronts have opened in the ongoing battle over World Trade Center coverage. On Dec. 28, 2001, Silverstein Properties (SP), the master leaseholder, filed a lawsuit against Travelers to recover the losses it...
World Trade Center Building Lawsuits Multiply
Jan 14 2002 // Several new fronts have opened in the ongoing battle over World Trade Center coverage. On Dec. 28, 2001, Silverstein Properties (SP), the master leaseholder, filed a lawsuit against Travelers to recover the losses it...
Allianz Joins WTC Lawsuit
Jan 4 2002 // Germany’s Allianz AG has elected to become part of the World Trade Center dispute by joining Swiss Re and Chubb Corp. in seeking to have the destruction of the twin towers declared “one occurrence,”...
Silverstein Seeks to Broaden WTC Claims Suit
Jan 2 2002 // Silverstein Properties, the master leaseholder on the destroyed World Trade Center, has opened a new front in its ongoing battle with its insurers to recover for the loss on both of the twin towers by seeking court...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Swiss Re Estimates Enron Losses at $173 Million; Reports on Financial Intermediaries
Dec 21 2001 // Swiss Re announced that its exposure to Enron related losses is $173 million before tax, around $118 million after tax. It also announced the release of its latest sigma study, “World financial centres: New horizons...
