A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers shoulder risk in exchange for part of the profit, this month …
Reinsurance rates, particularly for natural catastrophe coverage, probably won’t increase this year, said Swiss Re Ltd.’s chief financial officer. Prices will only begin to rise again when there is some “capital depletion” because of market volatility or a costly disaster …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Swiss Reinsurance Company Ltd, European Reinsurance Company of Zurich Ltd, Swiss Re Europe S.A., based …
Natural catastrophes are growing more costly and uninsured losses are increasing, according to David Cole, chief risk officer of Swiss Re Ltd. “When they happen, they are more severe,” he said today at a presentation in Zurich. More losses occur …
Swiss Re Ltd., the world’s second – biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round. Swiss Re declined …
Swiss Re has unveiled a new brand strategy and a modernized logo marking the day of its official 150 year anniversary. The new brand promise: “We’re smarter together,” aims to support Swiss Re’s ambition for business growth and differentiation in …
According to preliminary estimates from Swiss Re’s latest sigma report, insured losses from natural catastrophes and man-made disasters in 2013 are estimated to be around $44 billion, down from $81 billion in 2012. Insured losses from natural catastrophes are at …
Swiss Re’s Board of Directors announced that Group Chief Financial Officer George Quinn will step down from his role, effective April 30, 2014. A search for his replacement is already underway. Concurrently, the Zurich Insurance Group announced that Quinn “has …
Swiss Re announced that it has entered into a transaction with Zurich Insurance Company Ltd to acquire a 4.9 percent stake in New China Life Insurance Company Ltd, in a move it described as reaffirming its “commitment to high growth …
