Reinsurance News

Swiss Re

Space debris poses new challenge to insurers, says Swiss Re

17th July 2018

The insurance industry faces new challenges as the number of low Earth orbiting (LEO) satellite constellations are launched into areas littered with space debris, a study by Swiss Re has found. Space debris makes up over 90% of the tracked objects orbiting the Earth today and pose a profound risk to ... Read the full article

Swiss Re places Frontline’s debut $350m catastrophe bond

11th July 2018

Swiss Re Capital Markets has successfully structured the issuance of a $350 million insurance-linked security transaction by Frontline Re on behalf of Frontline Insurance, the largest for a Florida insurer since 2014. "Swiss Re is pleased to provide support to Frontline on its debut catastrophe bond issuance,” commented Jean-Louis Monnier, Co-Head of ... Read the full article

Global non-life premiums hit $2.2tn in 2017, China driving emerging markets: Swiss Re

10th July 2018

Swiss Re’s Sigma report has shown global non-life insurance premiums increased by 2.8% to $2.2 trillion in 2017, slightly above the 10-year-average of 2.1% despite being a further slowdown from the past two years. Premium growth in emerging markets slowed to 6.1% in 2017 while growth in advanced markets remained steady ... Read the full article

Fitch suggests large reinsurers can better withstand market challenges

10th July 2018

Fitch Ratings recently affirmed its stable outlook and ‘AA-‘ Insurer Financial Rating (IFR) for European reinsurance giants Swiss Re and SCOR, reasoning that the scale of the companies allows them to better withstand current market challenges. The rating agency recognised that both companies currently had very strong business profiles within the ... Read the full article

Global insurance premium growth slows but remains solid: Swiss Re

5th July 2018

Albeit at a slower pace than in 2016, global insurance premiums continued to rise in 2017 driven mainly by emerging markets, and global reinsurer Swiss Re expects continued growth in both life and non-life sectors. The latest sigma study from the Swiss Re Institute, a division of the global reinsurance giant, ... Read the full article

Leading re/insurers in effort to protect World Heritage Sites

3rd July 2018

The UN Environment’s Principles for Sustainable Insurance Initiative - the largest collaborative initiative between the United Nations and the insurance industry - has partnered with WWF and the UNESCO World Heritage Centre in a move aimed at protecting World Heritage Sites. The statement covers the re/insurance industry’s risk management, insurance and ... Read the full article

Swiss Re Corporate Solutions targets expansion with new Hamburg office

3rd July 2018

Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurance firm, has opened an office in Hamburg, Germany in an effort to expand its commercial insurance portfolio in northern Germany’s regional market. The office is already operational and through its broking partners will serve large and upper mid-sized companies, ... Read the full article

Swiss Re pulls back on re/insuring thermal coal exposures

2nd July 2018

Swiss Re is to begin implementing its thermal coal policy first announced in June 2017, no longer providing re/insurance to businesses with more than 30% exposure to thermal coal across all lines of business. The move further expands Swiss Re’s divestment from the energy source, having stopped investing in companies that ... Read the full article

Swiss Re confident about transition to autonomous vehicles, reports Deutsche Bank

29th June 2018

As the largest global motor reinsurer, Swiss Re sees itself as well placed to benefit from anticipated structural changes to the market as the industry prepares to transition to autonomous vehicles, according to Deutsche Bank. Speaking at Deutsche Bank’s third dbAccess AutoTech day in London, representatives from Swiss Re explained that ... Read the full article

ESG investments improve risk-adjusted return profile, says Swiss Re CIO

27th June 2018

Environmental, Social and Governance (ESG) investment practices "Improve the risk-adjusted return profile over the long term," according to Swiss Re's Group Chief Investment Officer (CIO), Guido Fürer. Swiss Re were one of the earliest re/insurers to adopt the criteria - which is now applied to nearly 100% of its investment portfolio - ... Read the full article

Swiss Re, SCOR, AIG elected to EU Expert Group for Sustainable Finance

19th June 2018

The European Commission has named representatives from Swiss Re, SCOR and AIG as among the list of members of its Technical Expert Group on Sustainable Finance, which will assist the Commission in developing a classification system for environmentally sustainable economic activity. The Group, which was announced in the Commission’s Action Plan ... Read the full article

Swiss Re backs invasive species insurance study

13th June 2018

Swiss Re has backed the findings of a recent study by students from Johns Hopkins University that explores the role of insurance as a response to the growing threat of pests and invasive species. The report, titled “Building Resilience to the Economic Threat of Invasive Species”, found that efforts to manage ... Read the full article

New technologies to stimulate struggling engineering sector: Swiss Re

13th June 2018

The adoption of new technologies in construction could lead to significant improvements in efficiency for engineering insurance, a sector that has largely stagnated in recent years, according to a new study by Swiss Re’s sigma. Global engineering insurance premiums were estimated to total around $21 billion in 2017, but have suffered ... Read the full article

Swiss Re to acquire 13.81% stake in Kenyan insurer, Britam

12th June 2018

Global reinsurance giant Swiss Re is to acquire a 13.81% stake in Britam Holdings, Kenya's largest company in the life insurance and pension annuity sector, for an undisclosed fee. According to an announcement, Swiss Re will acquire 348,504,000 ordinary shares in Britam from one of its key shareholders, Plum LLP. Once the ... Read the full article

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

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