Swiss Re Ltd., the world’s second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding in Rio de Janeiro-based …
Swiss Re Ltd., the world’s second-biggest reinsurer, estimates $43 trillion in infrastructure investments related to urbanization in emerging markets through 2030 may translate into $68 billion in premiums for insurance policies that cover construction risks. Rising income and asset ownership …
With Superstorm Sandy’s one-year anniversary approaching, 51 percent of New Yorkers believe that the risk of their city being hit by another powerful storm will increase over the next two decades, according to a recent survey. The survey, from global …
Jayne Plunkett, possibly the second most well-known person from Iowa after Bill Bryson, heads Swiss Re’s International casualty reinsurance operations. In the interview she explains that, as you’re dealing with people, rather than nature, casualty coverage is a really a …
Swiss Re said it estimates industry wide insured losses from the hail storms in northern and Southern Germany in July will be between $2.0 and $2.7 billion, while it’s estimating its own claims burden to be approximately $240 million. The …
Swiss Re expects natural catastrophe pricing rates to stabilize in 2014 after a decline this year, with demand for the cover doubling by 2020 in high-growth markets. The Swiss reinsurer, which helps insurers shoulder risks in exchange for part of …
Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said. “With the influx of new …
Swiss Re announced the publication of its “2012 Corporate Responsibility Report,” which it said “enhances its accountability by reporting against the Principles for Sustainable Insurance for the first time.” The sustainable principles were developed in cooperation with the United Nations …
Thomas F. Motamed, chairman and CEO of CNA Financial Corp. will chair the Insurance Industry Charitable Foundation (IICF) – Midwest’s 2nd Annual Blazing the Trail Benefit Dinner. CNA is the presenting sponsor for the event, taking place March 14 at …
Zurich Insurance Group and Swiss Re have announced that Zurich has obtained, through its subsidiaries Zurich American Insurance Company and Zurich Insurance Company Ltd, a 3-year $270 million catastrophe excess of loss reinsurance protection from Lakeside Re III Ltd. to …
