Reinsurance News
22nd January 2019
Reforms to China’s interest rate regime are expected to help kick-start the savings-based life insurance products segment in the country and support the development of re/insurers’ asset management capabilities, according to a report from Swiss Re Institute. Analysts predict that China’s current two-track interest rate system will become uniform by the ... Read the full article
21st January 2019
The International Regulatory and Development Authority of India (IRDA) says a total of $872 million in reinsurance premium was accepted by foreign reinsurance branches in 2017-18, with Swiss Re taking the largest share at $287 million. Munich Re and SCOR reported $183 million and $166 million, respectively. In the same time period, ... Read the full article
21st January 2019
Re/insurers Allianz, AXA and Swiss Re are among the top five companies to receive the praise from non-governmental organisations (NGOs) in 2018 due to their actions on climate change. Data compiled by research consultancy SIGWATCH shows that the trio of re/insurers overtook global brands such as McDonald’s, Aldi and H&M as ... Read the full article
18th January 2019
Global reinsurance giant Swiss Re has announced the appointment of Archie Kane as the new non-executive Chairman of the Board of Directors of ReAssure, its UK closed book business. The appointment is effective immediately, and sees Kane provide leadership to the firm's Board of Directors, as well as advise management on ... Read the full article
15th January 2019
Reinsurance firm Swiss Re said this morning that it expects to be hit with an estimated $1.3 billion of natural catastrophe and man-made losses from the fourth-quarter of 2018. Natural catastrophe losses are expected to cost the reinsurer $1 billion, after retrocession and before tax. Man-made losses are expected to cost ... Read the full article
11th January 2019
Swiss Re has become the exclusive reinsurer to a new catastrophe insurance project in Mao County in China’s Sichuan Province, according to reports from China Financial News. The project, which is the first in China to provide catastrophe insurance at the county-level, provides the government of Mao County with financial protection ... Read the full article
9th January 2019
Swiss Re is anticipating a softer and diverging global economic growth in 2019, with the overall balance of risks skewed to the downside. In its latest Economic Insights report, the reinsurance giant states that it is keeping a close watch on the 'three Ps': prices, as inflationary pressures are increasing in ... Read the full article
7th January 2019
NAGICO Group and Swiss Re have renewed their Excess of Loss (XoL) reinsurance treaty with a symbolic signing 1,500 miles from land on a boat in the Atlantic Ocean. The treaty, which became effective on 1 January 2019, was signed by Cameron Parker, Head of P&C Structured Solutions for Continental Europe ... Read the full article
7th January 2019
Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has announced the launch of FLOW, a parametric water-level insurance solution. Designed to protect companies in Europe from the financial impact of high or low river water levels - such as lost revenue due to business interruption or increased costs ... Read the full article
4th January 2019
Specialist insurance firm Rothesay Life is reportedly planning a £3.5 billion acquisition of ReAssure, the UK arm of reinsurance giant Swiss Re, according to Sky News reports. Global reinsurer Swiss Re announced last year that it planned to explore a potential IPO of ReAssure in 2019, with the firm's Chief Executive ... Read the full article
4th January 2019
The global economy has become less resilient to shocks in the ten years following the financial crisis, but new public-private partnerships, in combination with the use and development of new technological capabilities, can help to strengthen it, according to reinsurance giant Swiss Re. In the company’s latest sigma report, titled ‘Global ... Read the full article
2nd January 2019
Property and casualty insurer AmTrust Financial Services has entered into a quota share agreement with Swiss Re for 2019 that covers U.S small commercial business totalling an estimated $2.9 billion in projected written premiums, with Swiss Re projected to assume approximately $1.05 billion on an inforce, new and renewal basis. The ... Read the full article
28th December 2018
Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has entered into a Managing General Agent (MGA) agreement with EF Marine, effective January 1st, 2019. The firm states that the new partnership provides it with entry into a niche and expanding marketplace that requires a high level of specialisation ... Read the full article
28th December 2018
Swiss Re is keen to find ways to profit from weaknesses in the global insurance and reinsurance market, with acquisitions a possible route, although pricing remains unattractive, according to CEO Christian Mumenthaler. The Swiss Re chief said in an interview with the Financial Times that his firm would be keen to ... Read the full article
24th December 2018
Swiss Re has signed an agreement to provide reinsurance throughout 2019 to KFH Takaful, a global provider of Islamic banking services. The takaful market, which is the Islamic alternative to insurance, attracted gross premium contributions of $14.9 billion in 2015, and is estimated to have attracted over $20 billion in 2017. KFH ... Read the full article
