Reinsurance 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.
1st December 2020
According to Swiss Re CEO Christian Mumenthaler, the re/insurance industry vastly underestimated the cost of a global pandemic due to its failure to account for the extent of government lockdown measures. Speaking in an interview with the Financial Times, Mumenthaler acknowledged that re/insurer models had misjudged just how far governments around ... Read the full article
30th November 2020
Reinsurance giant Swiss Re is looking to expand its risk-sharing platform and strengthen its strategic partnership with third-party capital providers with the launch of a new standalone fund company, which enables investors to access the firm's natural catastrophe business. Swiss Re Insurance-Linked Investment Management Ltd (SRILIM), a subsidiary of Swiss Re, ... Read the full article
27th November 2020
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has announced the appointment of Manuela Baroncini as Global Head Engineering & Construction (E&C), effective March 1st, 2021. In her new role, she will be based in London and will report to Martin Hegelbach, Head Property & Specialty. Baroncini takes ... Read the full article
24th November 2020
Swiss Re has announced that its automated underwriting solution, Magnum, has been adopted by Japanese life insurer FWD Fuji Life Insurance Co. FWD Fuji Life is the first life insurer in Japan to adopt the solution, which it believes will enable a faster, paperless customer experience. Using Magnum, customers will be able ... Read the full article
24th November 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurance giant Swiss Re, has announced that Tina Baacke is set to succeed Martin Schürz as Global Head Risk Engineering Services, effective January 1st, 2021. In her new role, Baacke takes on responsibility for leading a global team of ... Read the full article
20th November 2020
Global reinsurance giant Swiss Re has said that it expects its property and casualty reinsurance (P&C Re) normalised combined ratio to improve to 96% or less in 2021, as the firm pursues targeted growth in a hardening marketplace. The Switzerland-based reinsurer is holding its Investor Day today, during which the company ... Read the full article
17th November 2020
Global reinsurer Swiss Re has announced the appointment of Agis Kitsikis as Head of Client Markets P&C for Canada and English Caribbean. Kitsikis’ role will start immediately and he succeeds Stefan Behr, who recently accepted the position as Swiss Re's Head of Business Development for EMEA. In his role Kitsikis will lead ... Read the full article
13th November 2020
The impact of the ongoing COVID-19 pandemic has emptied global monetary and fiscal tanks and once refuelled, it would be wise to upgrade the engine, according to Swiss Re’s Chief Economist, Jérôme Jean Haegeli. Speaking with Reinsurance News around the launch of Swiss Re’s latest sigma publication, Haegeli stressed that it’s important to ... Read the full article
11th November 2020
A new sigma study by Swiss Re is forecasting global insurance premium growth of 3.4% in real terms in 2021, following a contraction of 1.4% this year due to the impact of the COVID-19 pandemic. The decline was less severe than the 2.8% drop predicted by Swiss Re earlier this year, ... Read the full article
6th November 2020
Matthias Meyenhofer has joined Swiss Re's Reinsurance EMEA division as Head of Large P&C Transactions Continental Europe, effective from November 1st. In his new role, Meyenhofer will be based in Zurich and will report to Nikhil da Victoria Lobo, Head Western & Southern Europe, and will also work closely with the ... Read the full article
30th October 2020
Global reinsurer Swiss Re has reported a $691 million net loss for the first nine months of 2020, compared to a $1.3 billion profit registered over same period in 2019. Much of Swiss Re's performance so far in 2020 has been heavily impacted by the COVID-19 pandemic. Property & Casualty Reinsurance fell ... Read the full article
28th October 2020
Global reinsurer Swiss Re has joined a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by leveraging data and analytics. The Trinity Challenge members include the likes of Google, Microsoft and Facebook, GlaxoSmithKline, McKinsey & Company, the Gates Foundation, the University of Cambridge and Imperial College ... Read the full article
26th October 2020
AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” to Coefficient Insurance Company. The outlook assigned to these ratings is stable. Coefficient, a Verily subsidiary focused on employer stop-loss, is backed by Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant ... Read the full article
23rd October 2020
Swiss Re Capital Markets, a division of the global reinsurance giant, has announced the successful structuring and placement of $775 million in insurance-linked securities by Ursa Re II Ltd. The catastrophe bond will be used for the protection of the California Earthquake Authority (CEA). CEA protects policyholders in California against earthquakes and ... Read the full article
23rd October 2020
Insurtech firm Cover Genius has teamed up with Intuit to offer a new parametric earthquake policy, which is backed by capacity from Swiss Re and underwritten by Palomar Excess and Surplus Insurance Company. Cover Genius intends to offer a range of insurance products to customers using QuickBooks, an accounting software package ... Read the full article
