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.
Swiss Re backs AI-powered workers’ comp product from CompScience
21st March 2023
CompScience Insurance Services has announced a managing general agent (MGA) agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies. Josh Butler, Founder and CEO, CompScience, commented, “We are pleased to be partnering with Nationwide and Swiss Re so that we can bring the disruptive power of ... Read the full article
P&C claims growth to ease as inflation moderates: Swiss Re
20th March 2023
Analysts at Swiss Re have warned of continued claims severity pressures for property and casualty (P&C) re/insurers over the coming year, although the firm says that claims growth will ease slightly alongside a moderation in inflation. Swiss Re expects headline inflation to decline but stay elevated in 2023, to some extent ... Read the full article
Swiss Re cites strong capitalisation, positive business outlook
16th March 2023
Global reinsurance giant Swiss Re has cited a “very strong” capital position and has maintained that its businesses remain “well-positioned for the future” as part of its 2022 Annual Report. The report was published ahead of the reinsurer’s upcoming Annual General Meeting of shareholders (AGM) on 12 April 2023, for which ... Read the full article
Swiss Re sells German subsidiary Movingdots to Powerfleet
10th March 2023
Swiss Re has agreed to sell its Germany-based subsidiary Movingdots, a provider of insurance telematics and sustainable mobility solutions, to Powerfleet. Movingdots’ buyer is described as a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimise the performance of mobile assets and resources to unify business operations. In partnership ... Read the full article
Swiss Re’s iptiQ and Emil Frey Group launch new digital insurance solution
9th March 2023
Emil Frey Group, a Swiss group of companies with various businesses in the automotive space, has partnered with iptiQ, Swiss Re's B2B2C digital insurer, to launch a digital insurance solution named Emily Frey protect. According to the announcement, this new partnership combines Emil Frey's customer-centric focus in the automotive market with ... Read the full article
Swiss Re & ICEYE provide parametric flood cover for NYC neighborhoods
7th March 2023
Guy Carpenter, Swiss Re Corporate Solutions, and ICEYE are set to provide technical assistance to the Centre for NYC Neighborhoods (CNYCN) on a new parametric product to protect high-flood-risk NYC neighborhoods. CNYCN has launched the new pilot project in partnership with the Mayor’s Office of Climate & Environmental Justice (MOCEJ), the ... Read the full article
Swiss Re closes $700m multi-year stop-loss transaction led by J.P. Morgan
7th March 2023
Global reinsurance giant Swiss Re has secured its second multi-year stop-loss transaction with funding led by J.P. Morgan, providing the reinsurer with USD 700 million in underwriting protection as it targets profitable growth in an attractive reinsurance market. The financing builds upon an innovative hybrid transaction concluded with J.P. Morgan ... Read the full article
Swiss Re partners with automotive tech firm Luminar
1st March 2023
Reinsurance giant Swiss Re and automotive tech firm Luminar have partnered to advance assisted driving and improve safety while reducing the costs of consumer adoption. Luminar notes that the first step of the joint initiative is to analyse the on-road performance and safety improvements of consumer and commercial vehicles equipped with ... Read the full article
Swiss Re names Monica Ningen CEO of US P&C Reinsurance
20th February 2023
Reinsurance giant Swiss Re has appointed Monica Ningen as CEO of US P&C Reinsurance, with Jolee Crosby set to take over Ningen’s former role as President & CEO of Swiss Re Canada & English Caribbean. As the new head of US P&C, Ningen will lead a team of client managers, claims ... Read the full article
Pricing in climate change a “complete priority” for Swiss Re: Mumenthaler
17th February 2023
Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re, has asserted that adequately pricing in the effects of climate change to its policies is a “complete priority” for the reinsurer. His comments came as part of a media call held alongside the release of Swiss Re’s results for 2022, during which ... Read the full article
Swiss Re reports dip in net income amid economic inflation & large nat cats
17th February 2023
Global reinsurance giant Swiss Re has today announced net income of $472 million for the full year 2022 compared with $1.4 billion a year earlier, as the impact of economic inflation on expected claims impacted its P&C businesses, and large natural catastrophe losses exceeded expectations at $2.7 billion. The group's full ... Read the full article
Interest rate rises signal relief for re/insurers’ returns: Swiss Re
10th February 2023
Analysts at Swiss Re have reported that a move towards monetary policy normalisation is positive for re/insurers, as investment income is a key driver of earnings for the sector. However, they add that higher interest rates and less bond market intervention by central banks could also mean a return to a ... Read the full article
Swiss Re’s Mike Mitchell set to leave the company in late 2023
9th February 2023
Mike Mitchell, Head of Property & Specialty UW at reinsurance giant Swiss Re, has announced that he will be leaving the firm towards the end of the year. In a statement, Mitchell said that he has agreed with Swiss Re to help complete the July 1st renewals before he departs later ... Read the full article
Swiss Re partners with SBLI on automated claims experience
7th February 2023
Reinsurance giant Swiss Re has partnered with The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) to offer customers Swiss Re’s Automated Claims Experience solution. The reinsurer's automated claims experience is a digital tool that guides beneficiaries through the claims process. Swiss Re's tool uses simple empathetic language, which is designed ... Read the full article
Swiss Re targets improved efficiency with simpler set-up
2nd February 2023
Swiss Re, one of world's largest reinsurers, has announced plans to streamline its organisational structure, which includes splitting its Reinsurance Business Unit into P&C Re and L&H Re. Subject to regulatory approvals, the changes are effective April 3rd, 2023, and designed to simplify structures and improve efficiency and client experience. The new ... Read the full article
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