Martin Strobel, CEO of Baloise Holding AG, said the insurance company may consider buying firms in Switzerland, Germany, Belgium and Luxembourg. “If more opportunities arise in our core markets we will examine these,” Strobel said in an interview at the …
The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may struggle to halt the slide when …
Baloise Holding AG, Switzerland’s third-biggest insurer, said first-half profit jumped 43 percent, boosted by earnings from life insurance. The shares rose on expectations for a higher dividend. Net income increased to CHF349.9 million ($383 million) from CHF244.8 million [$268 million] …
Swiss Re Ltd. Chief Financial Officer David Cole expects consolidation in the reinsurance market as oversupply of capital squeezes prices. “Selling property and casualty reinsurance is becoming more difficult for us as well,” Cole, 53, said in an interview in …
Zurich Insurance Group AG, Switzerland’s largest insurer, said second-quarter profit rose 6 percent as it took fewer losses from natural catastrophes. Net income rose to $837 million from $789 million a year earlier, the Zurich-based insurer said in a statement …
Swiss Re Ltd., the world’s second- biggest reinsurer, reported second-quarter profit that missed analysts estimates, as earnings from life and health insurance declined. Net income increased to $802 million from $786 million a year earlier, the Zurich-based reinsurer said in …
Baloise Holding AG, Switzerland’s third-biggest insurer, rose the most in nearly three years after saying profit increased more than 40 percent in the first half. Profit will reach more than CHF 340 million ($375 million), the Basel-based insurer said today …
Zurich Insurance Group AG, Switzerland’s largest insurer, doubled its planned investment in green bonds, citing their growing appeal in Europe. The company said in November that it wanted to invest as much as $1 billion in debt issued by the …
Reinsurance prices declined on policies renewed for July 1 amid low losses and as record levels of catastrophe bonds drove an oversupply of capital, according to Guy Carpenter & Co. LLC. There were “price decreases across virtually all geographies and …
Helvetia Holding AG agreed to buy a majority stake in Nationale Suisse in a transaction valuing the company at about CHF1.8 billion ($2 billion) to create Switzerland’s third-largest insurer. Helvetia is offering CHF80 [$89.50] in cash and shares for Nationale …
