Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Announces Net-Zero Climate Targets in Underwriting, Investments
Mar 16 2021 // Swiss Re announced new measures to support the transition to a net-zero economy by 2050, which encompass re/insurance underwriting, asset management and its own operations. “Climate change remains the biggest...
Swiss Re Corporate Solutions to Change Legal Structure for North America
Mar 9 2021 // Swiss Re Corporate Solutions announced a plan to streamline the legal entity structure of its North American business. The changes include establishing Swiss Re Corporate Solutions America Insurance Corp. as its North...
Swiss Re Forms Strategic Partnership with Satellite Operator and Flood Monitor, ICEYE
Mar 8 2021 // Swiss Re has entered into a strategic partnership with ICEYE, a commercial satellite operator and satellite-based flood monitoring provider. Building on ICEYE’s innovative technology, the partnership will advance...
Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million
Feb 19 2021 // Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects a return to profit in...
Swiss Re Corporate Solutions Appoints Neon’s Dougall as Global Head Casualty
Feb 17 2021 // Swiss Re Corporate Solutions has appointed Andrew Dougall as global head casualty, effective Feb. 22, 2021. In this leadership role, Dougall will be responsible for driving the success and overall profitability of the...
Swiss Re Corporate Solutions Names Slack as Head UK, Ireland, S. Africa & EMEA Wholesale
Feb 1 2021 // Swiss Re Corporate Solutions appoints Melanie Slack as head UK, Ireland, South Africa & EMEA Wholesale, effective May 1, 2021. She will be responsible for managing the strategy, development and performance of the...
Global Natural and Manmade Disasters Cost Insurers US$83B in 2020: Swiss Re
Dec 16 2020 // Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according to the Swiss Re...
Swiss Re Corporate Solutions Authorized in S. Africa to Write Direct Insurance
Dec 15 2020 // Swiss Re Corporate Solutions announced it has received a direct insurance authorization from the South African joint regulators Prudential Authority and Financial Sector Conduct Authority. Located in Johannesburg and fully...
Germany’s Getsafe Raises $30M from Swiss Re and Others; Eyes Becoming Full Carrier
Dec 9 2020 // Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said the money will help build its market dominance among millennials in its home country and...
Brokerslink, Swiss Re Collaborate on Int’l Program Administration Platform
Nov 25 2020 // Global broking business Brokerslink has launched a dedicated international insurance programme management platform to drive the continued growth and digitalization of its international portfolio across the...
Swiss Re Corporate Solutions Hires Allianz’ Baacke as Head of Risk Engineering Services
Nov 24 2020 // Swiss Re Corporate Solutions appoints Tina Baacke as global head Risk Engineering Services, effective Jan. 1, 2021. In this role, Baacke will be responsible for leading a global team of experts that provides ri Tina...
Swiss Re Confirms Financial Targets Despite Pandemic
Nov 20 2020 // Reinsurance company Swiss Re said it was committed to a stable or increasing dividend as it confirmed its financial targets on Friday despite the coronavirus pandemic that has pressured the industry. The reinsurer has...
Swiss Re Names Kitsikis as Head of Client Markets P&C for Canada, English Caribbean
Nov 17 2020 // Swiss Re announced the appointment of Agis Kitsikis as head of Client Markets P&C for Canada and English Caribbean, effective immediately. Kitsikis succeeds Stefan Behr, who recently accepted the position as Swiss...
Swiss Re Capital Markets Places $775M Cat Bond for California Earthquake Authority
Oct 23 2020 // Swiss Re Capital Markets has successfully structured and placed the issuance of USD $775 million of insurance-linked securities by Ursa Re II Ltd. to be used for the protection of the California Earthquake Authority. CEA...
Chubb Names Forman from Swiss Re as Casualty Manager for UK and Ireland
Oct 21 2020 // Chubb announced the appointment ofAlex Forman as casualty manager for the United Kingdom and Ireland (UK&I). In this role, Forman will be responsible for the profitability and growth of Chubb’s UK&I casualty...
Swiss Re and Daimler Launch Jointly Owned MGA to Offer Auto, Mobility Insurance
Oct 12 2020 // Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new managing general agent called Movinx. The aim of the 50/50 joint venture is to...
Swiss Re Announces Plans to Streamline Structure of Group
Sep 25 2020 // Swiss Re announced further streamlining of the legal entity structure of the group. Following the announcement on June 19, 2020 that the Life Capital Business Unit will be disbanded, Swiss Re also intends to reorganize the...
Most Important Climate Pledges Aren’t the Splashy Ones
Sep 24 2020 // It’s Climate Week in New York, which brings with it a raft of announcements from companies outlining their new decarbonization targets and clean investment strategies. Some of the declarations are hefty, like Walmart...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
Sep 23 2020 // Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020’s insured catastrophe...
Toyota Insurance in Europe Joins Swiss Re’s Vehicle Risk Rating System
Sep 23 2020 // Toyota is the newest partner in the Swiss Re platform that provides a risk score on vehicles so insurers can develop premiums that reflect new safety features. Through this partnership with Toyota Insurance Services...
