Reinsurance News

Swiss Re 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.

Munich Re remains the world’s largest reinsurance company

17th August 2022

After taking the top spot last year, global reinsurer Munich Re remains the world's largest reinsurance company, with gross life & non-life reinsurance premiums written of more than $46.8 billion in 2021, as shown by our directory of the Top 50 Global Reinsurance Groups. The directory is ... Read the full article

Cowbell Cyber links up with Swiss Re

11th August 2022

Cowbell Cyber is partnering up with Swiss Re to bring insurance to firms using Amazon Web Services (AWS) and have revenues of up to $750m. According to the two firms, the program grants customers access to Cowbell Factors which provide a relative rating of an organization's risk profile against the company's ... Read the full article

Insurers may face exposures from surging housing market: Swiss Re

11th August 2022

A new report from the Swiss Re Institute states a record high in housing prices accompanied by inflated household debt has created an increasingly challenging market. Insurers are warned to carefully manage their business and investment risk exposure. Surging interest rates are making new house purchases less affordable and increasing mortgage ... Read the full article

Swiss Re launches catastrophe bond focused investment adviser

4th August 2022

Global reinsurance giant Swiss Re has enhanced its insurance-linked securities (ILS) offering with the launch of Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), a new investment advisory entity with a particular focus on catastrophe bonds. According to Swiss Re, its new and wholly owned subsidiary, SRILIAC, adopts an investment strategy that ... Read the full article

Insured losses from catastrophes above 10-year average at $38bn in H1: Swiss Re

2nd August 2022

Globally, insurance and reinsurance industry losses from natural catastrophes hit $35 billion in the first half of 2022, which is 22% higher than the average for the past decade, according to Swiss Re Institute. Floods and other secondary perils continued to wreak havoc in the opening six months of 2022, and ... Read the full article

AXA tops list of largest EU insurers ranked by GPW

1st August 2022

When ranked by gross premiums written (GPW) in 2020, AXA tops the list of the largest European insurance companies with USD 115.3 billion. The insurer also recorded USD 80 billion of capital & surplus from 2020. Based on research data from ratings agency AM Best, our directory ... Read the full article

B3i conceptually interesting, but required end-to-end view: Swiss Re execs

29th July 2022

Executives at reinsurance giant Swiss Re have said this morning that while conceptually the Blockchain Insurance Industry Initiative (B3i) remains an interesting opportunity, it didn't seem like it was going to be profitable and required an end-to-end view. It was announced yesterday that B3i has filed for insolvency after failing ... Read the full article

Swiss Re returns to profit but H1 net income falls on investment result & Ukraine reserves

29th July 2022

Global reinsurance giant Swiss Re has reported a year-on-year decline in net income to $157 million for the first half of 2022, driven mostly by a lower investment result and reserves booked for the war in Ukraine in the first quarter. For H1 2022, Swiss Re has announced that reserves of ... Read the full article

Swiss Re names Verisk’s Latarche as Chief Commercial Officer, Reinsurance Solutions

20th July 2022

Paul Latarche of Verisk is set to join global reinsurance giant Swiss Re in September as its new Chief Commercial Officer, Reinsurance Solutions. At Verisk, Latarche leads the international sales team, having joined the company towards the end of 2018 as Chief Commercial Officer - Sequel Business Solutions. Earlier in his career, ... Read the full article

Swiss Re & Cover Whale teaming up to improve auto accident risk assessment

20th July 2022

Swiss Re and leading insurtech for commercial auto insurance, Cover Whale Insurance Solutions Inc., are teaming up to improve auto accident risk assessment. Cover Whale will use Swiss Re’s Motor Market Analyzer to further enhance its product offerings to customers. Swiss Re’s Motor Market Analyzer is a proprietary predictive model, which provides ... Read the full article

Top US P&C underwriters saw robust premium growth in 2021

18th July 2022

The top 10 U.S. property & casualty (P&C) underwriters, based on net premiums written, remained unchanged in 2021 when compared with the previous years, while Munich Re Americas moved four places to 15th, making it the highest ranked reinsurer on the list. Our directory of the Top ... Read the full article

ICEYE’s satellite data being explored for flood risk transfer project in Ghana

15th July 2022

World-leading provider of natural catastrophe data and satellite data – ICEYE, has announced that its satellite data and imagery will be explored to provide the inputs to support the parametric insurance trigger for a recently announced UNDP backed project in Ghana. It was recently announced that Allianz and Swiss Re ... Read the full article

Global insurance premiums to exceed $7 trillion in 2022, says Swiss Re

13th July 2022

In nominal terms, global insurance premiums are poised to surpass USD 7 trillion for the very first time in 2022 on the back of 6.1% growth, supported by solid employment, income growth, the hardening P&C market environment, and elevated risk awareness for mortality and health risks following the COVID-19 pandemic. This ... Read the full article

“Mental health impact of Covid not felt on insurers yet” – Swiss Re

12th July 2022

The extended impact of Covid-19 is likely to be felt on insurers in the coming years, says a new report from Swiss Re. The report, The Legacy of Covid-19: The Ongoing Mental Health Impact on Australia’s Community, focuses on the impacts in Australia. It says that there has not yet been ... Read the full article

Swiss Re warns that US may have slipped into recession

6th July 2022

A new note from Swiss Re posits that the US has already started to slip into a recession. In its Economic insights: The ‘Great Bond Massacre’ 2.0, the firm says that the world’s largest economy is either in recession or is about to enter one, referring to data from the Atlanta ... Read the full article