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Reinsurance News

Swiss Re

Reinsurance can help tackle U.S. infrastructure protection gap: Swiss Re

24th March 2017

Swiss Re outlined how both re/insurers and the U.S. economy have been feeling the weight of higher claims and business costs as poor infrastructure bogs economic growth and lessens quality of life. Low infrastructure investment translates into high economic costs as businesses, who are left to pick up the bill, gradually ... Read the full article

Swiss Re’s pioneering volcano model highlights multi-billion dollar exposure

23rd March 2017

A new, world first international volcano risk model has been launched by reinsurance giant Swiss Re, and reveals that some of the planet's largest cities have an economic exposure of up to $30 billion, underlining the need for effective insurance solutions. More than 1 billion people around the world live within ... Read the full article

Mike Mitchell named Head of Property and Specialty Reinsurance at Swiss Re

22nd March 2017

Reinsurance giant Swiss Re has announced that Mike Mitchell, currently Head of Property Underwriting and Property & Casualty Facultative, Asia, will assume the role of Head of Property and Specialty Reinsurance, replacing Edouard Schmid, effective July 1st, 2017. The reinsurer announced previously that Edouard Schmid was to replace Mathias Weber as Group Chief Underwriting Officer (CUO), ... Read the full article

Swiss Re reinsurance chief cites tailored deals as opportunity

21st March 2017

As one of the leading pioneers of tailored business product development, Swiss Re has said it's seen success in higher returns from specialised reinsurance products, and has laid out plans to offset competition by continuing to grow this smaller-scale but more lucrative line of business. The reinsurer told Reuters ... Read the full article

European reinsurers disciplined in a tough market: Fitch

17th March 2017

Large European reinsurers continued to show discipline in a very challenging marketplace and broader economic environment in 2016, as reserve releases declined and companies reported a reduction in renewed business, according to the latest European reinsurance market report from Fitch Ratings. The profitability of European reinsurers remained pressured throughout 2016, with Fitch ... Read the full article

“Insurance 2.0” an opportunity to build revenue and resilience: Swiss Re

16th March 2017

The fusion and development of emerging and existing technology is expected to transform the international risk landscape and drive an evolution of the global insurance and reinsurance industry, highlighting a need for industry participants to adapt to "Insurance 2.0" or risk missing out, says Swiss Re. "Today, there's enormous potential for change ... Read the full article

Major reinsurers combined ratios over 100% on normalised basis: Fitch

16th March 2017

On a normalised basis major European reinsurers combined ratios were over 100% last year, but industry players benefitted from unusually favourable circumstances with lower-than-expected major losses and large prior year reserve releases meaning carriers maintained resilience in a tough market, according to Fitch. This normalised combined ratio rate of over 100% means under ... Read the full article

Swiss Re Board of Directors proposes election of three new members

16th March 2017

The Board of Directors at global reinsurer Swiss Re has proposed to elect three new non-executive and independent board members, in Jay Ralph, Joerg Reinhardt and Jacques de Vaucleroy. The reinsurance giant announced in a recent statement that its Board of Directors proposes to elect the new members at the AGM on ... Read the full article

Swiss Re Corporate Solutions opens Malaysia office, names Country Head

7th March 2017

Swiss Re Corporate Solutions has expanded operations in Malaysia, with the launch of a new local office in Kuala Lumpur. The office, which began operations on March 1st, 2017, will service large and upper mid-sized Malaysian businesses through broking partners and intermediaries, and will function under a Labuan FSA reinsurance license. Fred ... Read the full article

Swiss Re highlights role of re/insurance in cyber risk

6th March 2017

Swiss Re has launched its new re/insurance think tank, the Swiss Re Institute, with the release of a report that investigates the growing sphere of cyber risk, examining constraints in risk assessment as well as potential new models for risk analytics and coverage. Opportunities for reinsurance are expanding in the fast-developing ... Read the full article

Swiss Re Corporate Solutions names Paul Atkinson Country Head, Japan

2nd March 2017

Swiss Re Corporate Solutions has appointed Paul Atkinson to replace Juerg Stoll as Country Manager for Japan, effective immediately. Atkinson has extensive commercial insurance experience and has worked in London, Hong Kong, Japan, and Taiwan, and is a fluent Japanese speaker. The appointment sees Atkinson replace Stoll, who has been appointed Country ... Read the full article

Swiss Re targets mid-sized commercial insurance market for growth

27th February 2017

Global reinsurance firm Swiss Re is expanding the remit of its Corporate Solutions division to offer commercial insurance solutions to mid-sized corporations. The Swiss Re Corporate Solutions model has been to target the very large corporate risk managers, offering their balance-sheet and underwriting expertise to create large, often complex, tailored insurance ... Read the full article

Swiss Re to add ex-Allianz exec Jay Ralph and Joerg Reinhardt to Board

24th February 2017

Swiss Re has announced that Jay Ralph and Joerg Reinhardt have been proposed for election to the Board of Directors as new, non-executive members - the election is set for April 21st at the Annual General Meeting of shareholders. Jay Ralph has most recently acted as a member of the Board ... Read the full article

Swiss Re’s renewal price quality decreases, pulls back on China

23rd February 2017

Reinsurance firm Swiss Re has pulled back significantly on underwriting in China, blaming that market a leading driver of an 18% reduction in premium volume renewed on January 1st 2017. Swiss Re only renewed $8.5 billion of premiums at the latest 1/1 reinsurance renewal, down 18% from the $10.3 billion underwritten ... Read the full article

Swiss Re names Edouard Schmid to Group CUO, as Weber steps down

23rd February 2017

Mathias Weber, the Group Chief Underwriting Officer of global reinsurance firm Swiss Re, is stepping down from his role and the company is replacing him by promoting Edouard Schmid to the role. Weber has been with Swiss Re for 25 years and took the role of Chief Underwriting Officer since April ... Read the full article

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