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Swiss Re

Hannover Re & Swiss Re take 90% of Sri Lankan agricultural re/insurance scheme

17th February 2017

Hannover Re and Swiss Re have taken a 90% share in Sri Lanka’s state-owned National Insurance Trust Fund (NITF) agricultural insurance scheme; accepting a respective 50% and 40% of the placement, which was made through reinsurance broker J.B. Boda & Co. Three other global reinsurers, which includes Munich Re, share the ... Read the full article

AIG hopes to renew Swiss Re casualty quota share on better terms for 2018: Hancock

16th February 2017

Speaking at an insurance conference run by Bank of America Merrill Lynch this morning, Peter Hancock, the CEO of insurance giant AIG, said that he hopes the company will be able to renew its casualty quota share reinsurance arrangement with Swiss Re on better terms in 2018. AIG entered into a ... Read the full article

Jim George named Global Head of Claims, Swiss Re Corporate Solutions

14th February 2017

Global reinsurance giant Swiss Re's Corporate Solutions division has appointed Jim George as Global Head of Claims, succeeding Nicola Parton. George will be tasked with leading Swiss Re Corporate Solutions' global claims operations and will also serve as a member of Corporate Solutions' Management and Business Management Committees. Over the last 20 ... Read the full article

Christopher Gray joins Sompo Canopius Re from Swiss Re

13th February 2017

Japanese specialist reinsurer, Sompo Canopius Re, has appointed Christopher Gray as its new head of Protection & Indemnity (P&I) reinsurance. Joining from reinsurance giant Swiss Re, Gray will take up his new role immediately, and report to Andy Gladwin, global head of marine treaty. Gladwin said; "Chris is a respected leader in ... Read the full article

Swiss Re collaborates with SAP to improve re/insurance reporting tools

2nd February 2017

International insurer and reinsurer Swiss Re has announced a partnership with enterprise application software company, SAP SE, to create a solution that tackles complex issues related to financial steering and reporting of insurers and reinsurers from regulators. The new partnership, described by Swiss Re as "a strategic co-innovation initiative" aims to ... Read the full article

Swiss Re CEO calls for tradable resilient infrastructure asset class

25th January 2017

Christian Mumenthaler, the Group CEO of global reinsurance firm Swiss Re, has called for the development of a "standardised and tradable" global infrastructure asset class, into which firms such as his own could invest their long-term capital while helping to increase resilience. In an article timed to coincide with the World ... Read the full article

Re/insurers exposure to higher claims inflation rising: UBS

23rd January 2017

Analysts at UBS have highlighted that the risk of insurers and reinsurers being exposed to higher claims inflation is on the rise, with companies focused on longer-tail business and those with lower reserve buffers being the most at risk. UBS explains that in an increasingly reflationary environment it could be that ... Read the full article

Swiss Re gets India reinsurance branch license

23rd January 2017

The Insurance Regulatory and Development Authority of India (IRDAI) has given Swiss Re approval to open a branch in Mumbai, making it among the first five foreign reinsurers to operate in India. The Mumbai branch will be effective from February 1st,  enabling Swiss Re to offer both non-life and life and ... Read the full article

Compre in second run-off acquisition of 2017 with Swiss Re

18th January 2017

Independent insurance and reinsurance legacy specialist, Compre, has announced its second acquisition of the year, providing a legacy solution to global reinsurer Swiss Re. Compre announced earlier this month that it had acquired the run-off re/insurance business of the UK branch of AG Insurance SA, and now the legacy specialist has announced its ... Read the full article

UBS turns more negative on European reinsurance sector

16th January 2017

Equity analysts at investment banking group UBS say they are now more negative on the European reinsurance sector, after January renewals saw prices decline further than expected and with fundamentals across the sector looking shaky. With risks on the horizon for the major European reinsurance firms and the London market players, ... Read the full article

Swiss Re names Daftari as Country Manager, Germany in Corporate Solutions

16th January 2017

Reinsurance giant Swiss Re has named Bijan Daftari as Country Manager for Germany in its direct commercial and corporate insurance unit Swiss Re Corporate Solutions. In the role of Country Manager in Swiss Re Corporate Solutions, Daftari will be expected to take responsibility for strategy, development and performance of the firm's ... Read the full article

Growth opportunities still exist in reinsurance: J.P. Morgan Cazenove

5th January 2017

With the global reinsurance market having just been through another tricky January renewal season, when rates are generally accepted to have fallen and terms expanded further, there are still opportunities for companies to grow their premiums, according to analysts. Sluggish demand is a factor that has exacerbated the softening of the ... Read the full article

Swiss Re Corporate Solutions appoints new head of MENA

4th January 2017

Swiss Re Corporate Solutions, the corporate insurance arm of the global reinsurance firm,  has appointed Falk Schmaler as its new Head of Middle East and North Africa (MENA). In his Dubai-based role, Mr. Schmaler will head-up the company’s business strategy and market presence in the MENA region. Tony Buckle, Swiss Re Corporate ... Read the full article

Swiss Re hires Gopal from Allied World as Corp Solutions CRO Asia Pacific

27th December 2016

Global reinsurance firm Swiss Re has hired Sandeep Gopal from Allied World to join the firm as Chief Risk Officer of its Corporate Solutions Asia Pacific division, Reinsurance News can reveal. Gopal is currently Head of Risk, Asia Pacific at Allied World Assurance Company, based in Singapore. He has been with ... Read the full article

Swiss Re adopts TCFD’s recommendations for climate-related risks

14th December 2016

Reinsurance giant Swiss Re today announced that it has adopted recommendations published by the Task Force on Climate-related Financial Disclosures (TCFD), which were released today by the TCFD in London. The TCFD today released its report, 'Recommendations of the Task Force on Climate-related Financial Disclosures,' outlining some recommendations for climate-related exposures to ... Read the full article

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