Reinsurance News
14th June 2019
Swiss Re has confirmed that the initial public offering (IPO) of shares in its UK closed life book consolidator business ReAssure is set to go ahead in July 2019. ReAssure verified in a statement today that its ordinary shares will be listed on the main market of the London Stock Exchange ... Read the full article
7th June 2019
Reinsurance giant Swiss Re believes that reducing its stake in UK closed life book consolidator ReAssure via an initial public offering (IPO) will facilitate increased flexibility and growth of the group. An IPO registration document for the ReAssure Group plc share offering is due to be filed today, pending the ... Read the full article
7th June 2019
Swiss Re is moving forwards with long-discussed plans for an initial public offering (IPO) of shares in its UK closed life book consolidator business ReAssure. An IPO registration document for the ReAssure Group plc share offering is due to be filed today, pending the approval of the UK's Financial Conduct Authority, ... Read the full article
7th June 2019
Promoting more gender diversity would drive economic growth, increase insurance premiums and penetration, and ultimately make the world more resilient, according to a new report from Swiss Re. The company argued that re/insurers also stand to gain from better financial performance with a more diverse workforce. Greater female inclusion in the labour ... Read the full article
24th May 2019
Swiss Re’s Beijing arm has partnered with WeBank, an online lender owned by Chinese investment comglomerate Tencent, to research the potential application of new artificial intelligence (AI) models in reinsurance, according to Shine. The parties signed a Memorandum of Understanding (MoU) to cooperate on federated learning, a new encrypted and distributed ... Read the full article
22nd May 2019
The annual SONAR report from Swiss Re Institute highlights new technology, the spread of 5G, limits to central banking tinkering, the growth of genetic testing and the impacts of climate change on public health as emerging risks that insurers and reinsurers need to have on their radar. The latest SONAR report ... Read the full article
21st May 2019
Insurers and reinsurers are ready to meet growing public desire for improved flood coverage as the risk of flooding to communities continues to rise across the globe, according to Swiss Re’s Santiago Noriega and Alexa Wiese. “On average, flooding affects more people worldwide than any other type of natural catastrophe because ... Read the full article
16th May 2019
Rising global temperatures due to climate change have heightened the risk of costly events such as wildfire and drought and significantly impacted the level of re/insurance industry losses in recent years, according to the latest sigma report by Swiss Re. Swiss Re expects that climate change will cause more frequent occurrences ... Read the full article
3rd May 2019
John Dacey, the Group Chief Financial Officer (CFO) of reinsurance giant Swiss Re, has said that in all cases, rate movements at the April 1st renewals were adequate for the firm and that it's optimistic about the important June / July renewals season. Swiss Re today reported its financial results ... Read the full article
3rd May 2019
Global reinsurance giant Swiss Re has announced net income of $429 million for the first-quarter of 2019, driven by a solid performance in its Life & Health Reinsurance segment, somewhat offset by large losses. At $429 million, Swiss Re's Q1 2019 net income declined slightly year-on-year from $457 million. The firm's ... Read the full article
29th April 2019
Global insurance and reinsurance giant Swiss Re has signed a new Cooperation Framework Agreement with China Pacific Insurance (Group) Co., Ltd., deepening ties within the important country. Swiss Re has long highlighted China as the likely source of significant growth in insurance and reinsurance premiums for the firm and has been ... Read the full article
23rd April 2019
The Swiss Solvency Test (SST) ratio of Swiss Reinsurance Company Ltd dropped 34 points from 252% in 2018 to 218% in 2019, according to the company’s latest financial condition report. At the Group level, Swiss Re’s SST ratio fell from 269% in 2018 to 251% in 2019, driven by further decreases ... Read the full article
18th April 2019
Swiss Re shareholders have approved previously-announced plans to introduce a new public share buy-back program consisting of two CHF1 billion ($995,000) tranches, effectively doubling the amount previously returned to shareholders. Voting at the company's Annual General Meeting (AGM) in Zurich, shareholders also approved the Board of Directors’ proposals for a ... Read the full article
11th April 2019
The Solar Revenue Put, which is backed by Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has supported the refinancing of kWh Analytics' portfolio of 41 projects. Structured as a parametric insurance policy on solar production and revenues, the Solar Revenue Put serves as a credit enhancement for ... Read the full article
10th April 2019
Global insured losses from natural catastrophe events in 2018 totalled $76 billion, with more than 60% of the losses coming from secondary perils, according to Swiss Re Institute's latest sigma study. In order to sustainably underwrite catastrophe business, insurers and reinsurers need to focus more on primary and secondary perils, warns ... Read the full article
