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.

Swiss Re appoints Nunes as MD, Global Head of Cloud & Infrastructure

5th December 2022

Reinsurance giant Swiss Re has appointed Vasco Nunes as Managing Director, Global Head of Cloud and Infrastructure. Nunes is well known across the insurance technology community. By taking on this role within a firm as large as Swiss Re, this is a major step forward within his career. Nunes joined Swiss Re ... Read the full article

Swiss Re looking at one of the most “positive outlooks” for a while at 1/4: Paul Murray

2nd December 2022

Swiss Re’s Chief Executive Officer Reinsurance Asia, Paul Murray spoke with Reinsurance News to share his thoughts on Swiss Re’s outlook for the upcoming Asia renewal season, as well as how he sees market conditions developing within reinsurance in Asia Pacific. Addressing Swiss Re’s outlook for the Asia renewal season, Murray ... Read the full article

Swiss Re & Carbonfuture partner to boost carbon removal market standards

1st December 2022

Reinsurance giant Swiss Re and carbon removal tracing platform Carbonfuture, have signed a multi-year offtake agreement to support high-quality standards in the biochar carbon removal market. Carbonfuture suggests that the partnership is among the largest biochar agreements ever signed, and further highlights the relevance that trustworthy approaches to carbon removal credits ... Read the full article

COP27 saw climate finance breakthroughs, but failed to adapt emission pledges: Swiss Re

29th November 2022

At the COP27 climate change conference that took place earlier this month, breakthroughs on climate finance were announced, but the event failed to adopt more ambitious emissions reduction pledges and agree the further phase-out of all fossil fuels, suggests Swiss Re. A new report by Swiss Re Institute, highlights that the ... Read the full article

Cyber a burgeoning risk pool with big challenges & big opportunities: Swiss Re

28th November 2022

Digitalisation is increasing exposure to cyberattacks throughout society, though as the risk landscape grows, so does awareness and demand for commercial and personal coverage, says the Swiss Re Institute. Swiss Re forecasts global cyber insurance premiums to reach $23 billion by 2025, from an estimated $10 billion in 2021. It adds that ... Read the full article

Non-life profitability to reach a trough in 2022, says Swiss Re Institute

25th November 2022

According to Swiss Re Institute's latest sigma report, global non-life insurance profitability will be challenged significantly in 2022 by weakness in both underwriting performance and investment results. Using a sample of the largest markets as a proxy for global profitability, analysts at the Institute estimate global non-life after-tax return-on-equity (ROE) at ... Read the full article

Industry returns driven by hard market: Goldman Sachs

23rd November 2022

A new note from Goldman Sachs says that attractive returns within the industry are being driven by a hard market. The firm said that reinsurers have historically been a low-beta and defensive sector that outperformed in terms of uncertainty. This has continued, it said, as the hard market pricing has started ... Read the full article

Cyber changing rapidly but still fails to meet definition of insurability: Swiss Re

22nd November 2022

A new study from the Swiss Re Institute says that the insurance industry needs to adopt a new approach to cyber business amidst a changing landscape. The twenty-nine-page report, Cyber Insurance: Strengthening Resilience for the Digital Transformation, says that not only have cyber risk risen alongside geopolitical, economic instability, and reliance ... Read the full article

European reinsurers see earnings drop in first nine months of 2022: Fitch

18th November 2022

A new report from Fitch Ratings says that the earnings of Europe’s four main reinsurers fell over the first nine months of this year, compared to the same period in 2021. The firm said that this was because of higher natural catastrophe losses, weaker investment returns, and reserve strengthening. On average, ... Read the full article

BOC Aviation sues 16 insurance companies over Russia losses

16th November 2022

BOC Aviation, a Dublin-based aircraft lessor, has begun legal action against 16 insurance companies, including Lloyd’s of London, Chubb European Group, AIG Europe and Swiss Re, over losses linked to Russia-Ukraine war, according to a Reuters report. The proceedings were issued in the High Court on November 3, 2022. In August, the ... Read the full article

COP27: Swiss Re’s Scotti urges re/insurers to fund climate adaptation projects

15th November 2022

Veronica Scotti, Chairperson for Public Sector Solutions at Swiss Re, has called for re/insurers to fund “transformative” climate adaptation projects to improve resilience, and says that the ongoing COP27 conference represents the “perfect opportunity” to drive this change. “Mitigation efforts aimed at cutting future emissions alone will not be enough," Scotti ... Read the full article

Swiss Re warns of inflationary risks to re/insurers

4th November 2022

A new report by Swiss Re Institute has warned of the risk posed to insurance and reinsurance companies by the prospect of inflationary recessions and financial instability. Analysts note that insurers and banks alike are finding it difficult to re-adjust to the new economic reality after a decade-long market reliance on ... Read the full article

Challenges of the moment shouldn’t distract from climate targets: Mumenthaler

3rd November 2022

Christian Mumenthaler, Group Chief Executive Officer at Swiss Re, has urged for more collaborative action from public and private sector interests towards meeting climate targets and reversing the harmful impacts of climate change. Writing as part of a recent blog post for Swiss Re, the CEO acknowledged that the immediate focus ... Read the full article

Swiss Re partners with insurtech Jooycar to boost auto insurance telematics

2nd November 2022

Global reinsurance giant Swiss Re has entered an alliance with Latin American auto insurtech Jooycar to boost auto insurance telematics benefiting small and medium-sized commercial fleets in Mexico. The insurtech will offer its fleet management service, "Fleetr by Jooycar", to the Mexican market, which it states was a success in its ... Read the full article

Swiss Re highlights need for solutions to digitalisation risks

31st October 2022

In Swiss Re's 'the perfect remedy for the risks posed by digitalisation' report, Group Chief Digital & Technology Officer, Pravina Ladva, and Antonio Grasso, digital entrepreneur, author, and founder & CEO, discuss how digital solutions can mitigate the risks of digitalisation. Grasso observes that while digitalisation has brought many benefits, it ... Read the full article