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Swiss Re

Swiss Re CFO says climate change has altered the risk landscape

3rd November 2017

After Swiss Re reported a nine-month net loss close to half a billion dollars from recent catastrophes, Chief Financial Officer (CFO), David Cole, warned that climate change had altered the risk landscape. The reinsurer expects natural catastrophe claims from events such as hurricanes Harvey, Irma and Maria, and Australia's Cyclone Debbie ... Read the full article

Swiss Re to push for better pricing in wake of nine month loss

2nd November 2017

Reinsurance giant Swiss Re is hoping that pricing conditions will improve in both property & casualty reinsurance and its commercial insurance arm in wake of recent catastrophe losses, which drove the firm to a net loss of $468 million for the first nine months of 2017. Swiss Re suffered most in ... Read the full article

Swiss Re makes senior exec changes for casualty, P&C, life/health reinsurance

1st November 2017

Global reinsurer Swiss Re has announced a number of new senior executive appointment in its reinsurance division, including Head Casualty Reinsurance, Head P&C Business Management and Head Life & Health Business Management. Jason Richards has been appointed as Swiss Re's new Head Casualty Reinsurance, while Nicola Parton will succeed him in ... Read the full article

Swiss Re Corporate Solutions adds Head of Casualty, NA, to Summerville’s role

31st October 2017

Swiss Re Corporate Solutions, the large primary commercial insurance arm of global reinsurer Swiss Re, has announced the appointment of Jeff Summerville as Head of Casualty, Financial & Professional Services, North America, effective immediately. Summerville has effectively managed Swiss Re Corporate Solution's Financial & Professional Lines businesses in North America since 2014, and ... Read the full article

Swiss Re estimates $3.6bn of losses from HIM and Mexico quakes

20th October 2017

Global reinsurance giant Swiss Re has released estimated catastrophe losses for the third-quarter of $3.6 billion, driven by hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. The figure is based on a total market insured loss of $95 billion from the three hurricanes and earthquakes in Mexico, and is net ... Read the full article

LatAm’s agricultural markets in need of greater re/insurance penetration: Swiss Re

18th October 2017

The protection gap (disparity between economic and insured losses post-event) for losses from natural disasters in Latin America reached $15 billion in 2016, with widespread impacts to various regions' vital agricultural sectors from numerous perils, but innovative insurance and reinsurance solutions can help to bridge the gap, according to reinsurance ... Read the full article

Re/insurance solutions evolve to cover intangible corporate assets: Swiss Re

16th October 2017

Re/insurance product development and innovation around data and data analytics have expanded the scope of solutions from tangible to intangible assets, to cover a wider range of threats and improve corporate risk management, according to Swiss Re's latest sigma study. Companies are increasingly using novel insurance solutions to protect earnings, reduce ... Read the full article

Swiss Re takes £800m MS&AD investment into ReAssure, its closed life consolidator

6th October 2017

Global reinsurance giant Swiss Re is set to take an £800 million investment from Japanese insurance holding company MS&AD Insurance Group Holdings Inc (MS&AD) into ReAssure, its UK closed life book consolidator. MS&AD will purchase a 5% stake in ReAssure for £175 million, through an investment in ReAssure Jersey One Limited, ... Read the full article

Reinsurers’ opportunity to make underwriting more scientific – Swiss Re CUO

5th October 2017

Swiss Re Group Chief Underwriting Officer (CUO) Edi Schmidt highlighted the need for reinsurers to take a more scientific and forward-looking approach to underwriting to drive down cost of re/insurance at the firm’s 2017 Monte Carlo conference press briefing. “Today we have much more capabilities to use more sources to make ... Read the full article

Munich Re & Swiss Re eager to penetrate Philippines crop market: Reports

4th October 2017

Global reinsurance giants Munich Re and Swiss Re are reportedly interested in investing in the Philippines crop programme, but changes are required to the charter of the Philippines Crop Insurance Corporation (PCIC) before this can happen, according to reports. According to industry reports, Bohol Rep. and former agriculture secretary, Arthur Yap, ... Read the full article

Conifer Holdings & Swiss Re enter into reserve development reinsurance agreement

3rd October 2017

Conifer Holdings, Inc. has signed a new adverse reserve development reinsurance agreement with global reinsurer Swiss Re, as well as implementing some other strategic initiatives in an effort to boost its financial position. The agreement with Swiss Re is effective September 28th, 2017, and provides Conifer with up to $17.5 million ... Read the full article

Swiss Re backs FlyIcarus’ online platform for drone cover

22nd September 2017

Swiss Re Corporate Solutions, the direct and commercial insurance division of reinsurer Swiss Re, and Flylcarus, a representative of London broking firm, Bannerman Rendell, have signed a cooperation agreement to offer drone insurance to commercial operators and drone enthusiasts through the flyicarus website. Under the agreement, Swiss Re will underwrite and ... Read the full article

Chubb launches innovative Flight Delay cover with App in the Air

15th September 2017

Flight Delay Insurance, a new innovative insurance solution for airline travellers has been launched by global insurer Chubb and App in the Air. The solution was underwritten by Chubb's European group in collaboration with reinsurance giant Swiss Re and FlightStats, and will be made available to UK App in the ... Read the full article

Tech and risk research can help improve solutions and bridge protection gap: Swiss Re

14th September 2017

The rise of advanced technology can assist with the development of insurance and reinsurance solutions that meet the changing demands of clients in all parts of the world, ultimately helping to bridge the global protection gap, according to an announcement by reinsurance giant Swiss Re, at the annual reinsurance meeting ... Read the full article

Reinsurance use “at an absolute inflexion point” – Rowan Douglas at RVS

13th September 2017

Speaking at the Insurance Development Forum panel debate on confronting global underinsurance amid heightened global risks, at the 2017 Rendezvous de Septembre (RVS), Rowan Douglas, CEO of Capital Science and Policy, Willis Towers Watson, said the industry is at a turning point that could revolutionise the use of re/insurance in the ... Read the full article

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