Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’
Sep 18 2020 // Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a...
Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals
Sep 18 2020 // Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance contracts next year, a reinsurance broker representative revealed...
Coronavirus Erodes Countries’ Economic Resilience; Global Insurance Gaps Widen
Aug 26 2020 // The COVID-19 pandemic is expected to reduce global macroeconomic resilience by about 20% in 2020 from 2019 levels as stimulus packages deplete countries’ fiscal and monetary buffers around the world. At the same...
Hurricane Laura’s Timing, Direction Bring Harvey, Katrina, Rita to Mind
Aug 25 2020 // Tropical Storm Laura morphed into a hurricane on Aug. 25, 2020 — three years to the day after Hurricane Harvey swept ashore on the Texas Gulf Coast — and is expected to make landfall just days before the 15-year...
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market
Aug 25 2020 // San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the...
Swiss Re Builds Risk Scoring System, Aiming to Reward Safe Cars with Lower Premiums
Aug 14 2020 // A car owner should be able to pay lower insurance premiums for driving a car with safety features, such as automated braking that stops the car when the driver is distracted or lane keep assist systems that help prevent a...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions
Aug 14 2020 // It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of insurtech-type solutions for...
Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re
Aug 12 2020 // Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during the same period last year, according to Swiss Re Institute’s sigma estimates. Natural...
Swiss Re Confirms H1 Loss of $1.1B with Combined Ratio of 115.8%
Jul 31 2020 // Reinsurance company Swiss Re said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked in the first half of the year would likely cover the bulk of its pandemic-related losses. The...
Swiss Re Appoints Pasricha as Global Head P&C Solutions, Succeeding Schuh
Jul 23 2020 // Swiss Re announced that Pranav Pasricha, currently CEO of Intellect SEEC, has been appointed global head P&C Solutions of Swiss Re’s global Reinsurance Business Unit, effective Aug. 3, 2020. Pasricha succeeds...
Swiss Re to Report $1.1 Billion Loss During First Half on Hit from COVID-19
Jul 23 2020 // Reinsurance company Swiss Re said on Wednesday that claims and reserves of $2.5 billion related to COVID-19 will lead to a net first half loss of about $1.1 billion. The company, which reported the loss ahead of its...
Swiss Re Appoints Bewersdorf as CEO of iptiQ, Its Digital Insurance Platform
Jul 20 2020 // Swiss Re announced it has appointed Carlo Bewersdorf as CEO of iptiQ, its digital platform. Bewersdorf will start in this newly created role on Oct. 1, 2020, reporting to group CEO Christian Mumenthaler. Bewersdorf’s...
Global Insurance Premiums Expected to Rebound in 2021 After COVID-Related Dip: Swiss Re
Jul 20 2020 // Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in its latest sigma...
Swiss Insurers Oppose Tighter Immigration Rules, Says Swiss Re CEO in News Report
Jul 16 2020 // Switzerland’s insurance industry is against tightening the country’s immigration rules, a move that will be put to voters this year, Swiss Re Chief Executive Christian Mumenthaler told Handelszeitung...
Axis Adds Swiss Re, NAS and Hiscox Veterans to U.S. Cyber Insurance Team
Jul 14 2020 // Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier...
Global Insurance Premiums Set to Rebound in 2021 After COVID-Related Dip: Swiss Re
Jul 13 2020 // Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in its latest sigma...
Swiss Re’s Chief Underwriting Officer Schmid Is Stepping Down, Succeeded by Léger
Jun 19 2020 // Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses. Léger succeeds...
Emerging Mkt Infrastructure Projects to Bring Premiums of $50B in Next Decade: Sigma
Jun 18 2020 // Investment in infrastructure development is set to be one of the main drivers of growth in emerging markets after the COVID-19 crisis subsides, according to Swiss Re’s latest sigma report. Emerging markets will...
Swiss Re-Backed Nigerian Life Insurer Sees Sales Surge as Pandemic Starts Taking Hold
Jun 16 2020 // Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the coronavirus pandemic starts taking hold in Africa’s most populous country. “Health...
Edge Computing, Supply Chains, Deepfakes Among 2020’s Top Emerging Risks: Swiss Re
Jun 12 2020 // Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time to take a look at the...
