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Swiss Re

Information and education critical to tackling U.S flood risk, says Swiss Re’s Junge

6th June 2018

Tackling the challenge of U.S flood risk will require re/insurers to focus on educating property owners while at the same time developing more detailed resources, such as flood maps and risk models, according to Swiss Re Senior Treaty Underwriter Matt Junge. Although floods cause around $15 billion of economic damage every ... Read the full article

Swiss Re appoints new President & CEO of Canada & English Caribbean

4th June 2018

Monica Ningen has been appointed as President & Chief Executive Officer (CEO) of Swiss Re Canada & English Caribbean, effective July 1 2018. The appointment will see her occupy the Toronto-based position following 12 years of distinguished service at the re/insurer. Ningen succeeds Veronica Scotti, who occupied the position for over 3 ... Read the full article

Swiss Re report highlights most significant emerging risks facing re/insurers

31st May 2018

The release of Swiss Re’s SONAR report, a crowdsourcing tool leveraging the firm’s internal risk management experience, highlights what they believe to be the most compelling emerging risks re/insurers face globally. Emerging risks are volatile and hard to quantify due to the pace at which they evolve but have the potential ... Read the full article

Swiss Re ends SoftBank talks with no agreement

28th May 2018

Global reinsurance group Swiss Re has announced that it has ended discussions about a minority stake investment with Japanese technology & telecoms investor & conglomerate SoftBank. The pair have been in discussions about SoftBank acquiring a stake in Swiss Re since February. At first it was reported that SoftBank would look to ... Read the full article

Swiss Re strikes global licence deal with CMS

22nd May 2018

Leading reinsurance provider, Swiss Re, has secured the right to embed Collision Management Systems’ (CMS) software into its telematics based re/insurance proposition, following the purchase of a global licence. The deal with CMS allows Swiss Re the ability to process vehicle data from any telematics system and deliver a reliable crash ... Read the full article

Swiss Re assessing impact to business following U.S. Iran withdrawal

21st May 2018

Following President Trump's announcement on May 8th that the U.S. is withdrawing from the Iran nuclear deal and subsequently reimposing sanctions, global reinsurer Swiss Re is assessing the impact of the U.S. withdrawal on its business. After the removal of sanctions in January 2016, numerous insurers and reinsurers have either conducted ... Read the full article

Swiss Re partnership set to shake up home-insurance sector in Cyprus

17th May 2018

Global reinsurer Swiss Re has teamed up with next-generation insurer Hellas Direct and one of Europe’s fast-rising banking alternatives, Revolut, in a move aimed at delivering an innovative and customer-focused home-insurance experience for Cyprus-based policyholders. In a strategic partnerships between a disruptive company and a traditional reinsurance powerhouse, the collaboration is ... Read the full article

There will be opportunities for continued price firming: Swiss Re CFO

10th May 2018

John Dacey, the Group Chief Financial Officer (CFO) of global reinsurer Swiss Re, noted improved rates in P&C business following the catastrophe events of 2017, but stressed an expectation that the market should have reacted stronger than it did, speaking during the firm's Q1 2018 earnings call. As global insurers and ... Read the full article

Softbank’s interest in Swiss Re deal reported to be waning

7th May 2018

According to media reports this weekend, Japanese technology & telecoms investor & conglomerate SoftBank's interest in securing a deal with global reinsurer Swiss Re is waning, as talks drag on. As we reported last week, it's been said that Swiss Re’s talks with SoftBank had stalled, which led the CFO ... Read the full article

No clear indication SoftBank talks will result in a transaction: Swiss Re CFO

4th May 2018

While the negotiations between Swiss Re and SoftBank are still ongoing, according to the reinsurance firms CFO John Dacey, there is "no clear indication" that any deal will be struck and the pair are no closer to a deal, but he also wouldn't be drawn on whether talks with other ... Read the full article

Premium growth, strong returns in reinsurance & an accounting hit for Swiss Re

4th May 2018

Global reinsurance firm Swiss Re reported its first-quarter results this morning, revealing strong growth in premiums written, improved returns in P&C reinsurance and an accounting hit, without which the reinsurers income would have been up year-on-year. Swiss Re has reported group net income for Q1 2018 of $457 million, down on ... Read the full article

Swiss Re talks on SoftBank investment said stalled

2nd May 2018

Talks between reinsurance firm Swiss Re and Japanese technology conglomerate giant SoftBank over a potential investment stake in the reinsurer are said to have stalled, with price, the size of the stake and level of control said to be sticking points. Bloomberg said its sources told the news ... Read the full article

Swiss Re expands Africa remit, approved for P&C business

2nd May 2018

Global reinsurer Swiss Re has announced that its reinsurance business unit has received approval from the South African Prudential Authority to expand the license of its existing subsidiary to include property & casualty (P&C) business. The approval enables Swiss Re ... Read the full article

Swiss Re Corporate Solutions hires Algar from Zurich to head UK & Ireland

1st May 2018

Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurance firm, has appointed Jake Algar to the role of Head of UK & Ireland. Algar has been hired from competitor Zurich Insurance, where he had worked since 2002 in roles working up to the Head of Global & London ... Read the full article

Swiss Re joins global alliance to support smallholder farmers

25th April 2018

Swiss Re Corporate Solutions has launched a new global initiative in collaboration with World Bank Group member IFC, pharmaceutical and life sciences company Bayer, and irrigation manufacturer Netafim, which aims to support smallholders grow their farms into sustainable, commercially viable businesses. The initiative, called Better Life Farming, will offer risk transfer ... Read the full article

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