Reinsurance News

Swiss Re news

News on one of the world’s largest reinsurance companies Swiss Re.

Swiss Re is a leading global reinsurance company and our news covers its announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.

Re/insurers misjudged pandemic response: Swiss Re’s Mumenthaler

1st December 2020

According to Swiss Re CEO Christian Mumenthaler, the re/insurance industry vastly underestimated the cost of a global pandemic due to its failure to account for the extent of government lockdown measures. Speaking in an interview with the Financial Times, Mumenthaler acknowledged that re/insurer models had misjudged just how far governments around ... Read the full article

Swiss Re targets nat cat portfolio growth with ILS fund launch

30th November 2020

Reinsurance giant Swiss Re is looking to expand its risk-sharing platform and strengthen its strategic partnership with third-party capital providers with the launch of a new standalone fund company, which enables investors to access the firm's natural catastrophe business. Swiss Re Insurance-Linked Investment Management Ltd (SRILIM), a subsidiary of Swiss Re, ... Read the full article

Swiss Re CorSo names Manuela Baroncini as Global Head E&C

27th November 2020

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has announced the appointment of Manuela Baroncini as Global Head Engineering & Construction (E&C), effective March 1st, 2021. In her new role, she will be based in London and will report to Martin Hegelbach, Head Property & Specialty. Baroncini takes ... Read the full article

Swiss Re’s Magnum solution adopted by FWD Fuji Life

24th November 2020

Swiss Re has announced that its automated underwriting solution, Magnum, has been adopted by Japanese life insurer FWD Fuji Life Insurance Co. FWD Fuji Life is the first life insurer in Japan to adopt the solution, which it believes will enable a faster, paperless customer experience. Using Magnum, customers will be able ... Read the full article

Swiss Re CorSo names Tina Baacke as Global Head Risk Engineering Services

24th November 2020

Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurance giant Swiss Re, has announced that Tina Baacke is set to succeed Martin Schürz as Global Head Risk Engineering Services, effective January 1st, 2021. In her new role, Baacke takes on responsibility for leading a global team of ... Read the full article

Swiss Re expects P&C Re underwriting performance to improve in 2021

20th November 2020

Global reinsurance giant Swiss Re has said that it expects its property and casualty reinsurance (P&C Re) normalised combined ratio to improve to 96% or less in 2021, as the firm pursues targeted growth in a hardening marketplace. The Switzerland-based reinsurer is holding its Investor Day today, during which the company ... Read the full article

Swiss Re appoints Agis Kitsikis as Head of Client Markets

17th November 2020

Global reinsurer Swiss Re has announced the appointment of Agis Kitsikis as Head of Client Markets P&C for Canada and English Caribbean. Kitsikis’ role will start immediately and he succeeds Stefan Behr, who recently accepted the position as Swiss Re's Head of Business Development for EMEA. In his role Kitsikis will lead ... Read the full article

We need to refuel fiscal & monetary tanks, then upgrade the engine: Swiss Re’s Haegeli

13th November 2020

The impact of the ongoing COVID-19 pandemic has emptied global monetary and fiscal tanks and once refuelled, it would be wise to upgrade the engine, according to Swiss Re’s Chief Economist, Jérôme Jean Haegeli. Speaking with Reinsurance News around the launch of Swiss Re’s latest sigma publication, Haegeli stressed that it’s important to ... Read the full article

Pandemic shock less severe than feared for re/insurers: Swiss Re

11th November 2020

A new sigma study by Swiss Re is forecasting global insurance premium growth of 3.4% in real terms in 2021, following a contraction of 1.4% this year due to the impact of the COVID-19 pandemic. The decline was less severe than the 2.8% drop predicted by Swiss Re earlier this year, ... Read the full article

Swiss Re adds Matthias Meyenhofer to Reinsurance EMEA

6th November 2020

Matthias Meyenhofer has joined Swiss Re's Reinsurance EMEA division as Head of Large P&C Transactions Continental Europe, effective from November 1st. In his new role, Meyenhofer will be based in Zurich and will report to Nikhil da Victoria Lobo, Head Western & Southern Europe, and will also work closely with the ... Read the full article

COVID drags Swiss Re to a $691mn 9M loss

30th October 2020

Global reinsurer Swiss Re has reported a $691 million net loss for the first nine months of 2020, compared to a $1.3 billion profit registered over same period in 2019. Much of Swiss Re's performance so far in 2020 has been heavily impacted by the COVID-19 pandemic. Property & Casualty Reinsurance fell ... Read the full article

Swiss Re joins global health coalition, opens up data & analytics platform

28th October 2020

Global reinsurer Swiss Re has joined a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by leveraging data and analytics. The Trinity Challenge members include the likes of Google, Microsoft and Facebook, GlaxoSmithKline, McKinsey & Company, the Gates Foundation, the University of Cambridge and Imperial College ... Read the full article

AM Best assigns strong credit ratings to Swiss Re-backed Coefficient

26th October 2020

AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” to Coefficient Insurance Company. The outlook assigned to these ratings is stable. Coefficient, a Verily subsidiary focused on employer stop-loss, is backed by Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant ... Read the full article

Swiss Re Capital Markets announces $775m cat bond for Cali Earthquake Authority

23rd October 2020

Swiss Re Capital Markets, a division of the global reinsurance giant, has announced the successful structuring and placement of $775 million in insurance-linked securities by Ursa Re II Ltd. The catastrophe bond will be used for the protection of the California Earthquake Authority (CEA). CEA protects policyholders in California against earthquakes and ... Read the full article

Swiss Re backs parametric quake product by Cover Genius & QuickBooks

23rd October 2020

Insurtech firm Cover Genius has teamed up with Intuit to offer a new parametric earthquake policy, which is backed by capacity from Swiss Re and underwritten by Palomar Excess and Surplus Insurance Company. Cover Genius intends to offer a range of insurance products to customers using QuickBooks, an accounting software package ... Read the full article

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