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.

COVID-19 a “bad awakening” for event cancellation, says Swiss Re CEO

30th July 2021

The COVID-19 pandemic served as a "bad awakening" for the event cancellation sector and going forwards, is one line of business that will have to fundamentally change, according to Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re. As COVID-19 started to spread around the world in the early months of ... Read the full article

Swiss Re returns to profit as P&C improvement offsets COVID-related L&H loss

30th July 2021

Global reinsurance giant Swiss Re has reported net income of $1 billion for the first half of 2021, as an improved performance in its property and casualty (P&C) business more than offset a COVID-19 driven loss in its life and health (L&H) reinsurance division. Swiss Re's H1 2021 Group-wide profit would ... Read the full article

Swiss Re names Nagarajan Head of Client Markets P&C

29th July 2021

Reinsurer Swiss Re has appointed Balasubramanian Nagarajan as Head of Client Markets Property & Casualty. Nagaraja will also assume the position of Head of Swiss Re Asia’s Malaysia Branch, succeeding Marcel Omar Papp, who has been in the role for the last three years. In his new role, Nagaraja will aim to ... Read the full article

LifeSecure enters partnership with Swiss Re’s iptiQ

29th July 2021

LifeSecure Insurance Company has announced it has entered into a strategic partnership with Swiss Re’s iptiQ. The partnership’s aim is to simplify the life insurance buying experience by launching simplified issue final expense and term life insurance products, which will mark LifeSecure's first expansion into the life market. Patrick Prichard, LifeSecure president ... Read the full article

Swiss Re CorSo names new Head of Distribution Management, EMEA

26th July 2021

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has appointed Caroline Pritchard as Head of Distribution Management Europe, Middle East & Africa. Pritchard will assume her new role next month, in addition to her current role as Head Distribution Management UK. She will continue to be based in ... Read the full article

Society will not meet climate targets without investor action: Swiss Re

23rd July 2021

Reinsurer Swiss Re has warned that society will fail to reach the Paris Agreement target of limiting global warming without more action from investors and other financial market players. As part of its latest Responsible Investments publication, Swiss Re stressed that long-term investors have “an important role to play in achieving ... Read the full article

Swiss Re names Anna Lee as Head of Client Markets, Hong Kong & Taiwan

21st July 2021

Global reinsurance giant Swiss Re has appointed Anna Lee as Head of Client Markets, Hong Kong & Taiwan, succeeding Xinmei Zheng. Lee’s position will come into effect in September, and will continue as Head of New Business Development for Property & Casualty (P&C) Reinsurance SID, focusing on building and developing new ... Read the full article

Economic case for net zero is “irresistible”: Swiss Re’s Fürer

20th July 2021

As the world emerges from the COVID-19 pandemic and turns its attention back towards the impending threat of climate change, Swiss Re’s Chief Investment Officer (CIO), Guido Fürer, has said that the economic case for moving towards net zero carbon emissions is “irresistible." Speaking at Swiss Re's 2021 Media Day lasat ... Read the full article

Swiss Re predicts strong 5.8% global GDP growth in 2021

14th July 2021

Swiss Re is expecting a strong global economic recovery from COVID-19 to result in historically high global gross domestic product (GDP) growth of 5.8% in 2021. Global insurance premiums are set to follow this strong growth, increasing by an expected 3.3% in 2021 to a total of $6.9 trillion. The report ... Read the full article

Swiss Re & Milliman partner to deliver simplified flood offering

14th July 2021

Global reinsurance giant Swiss Re has partnered with Milliman, Inc. to deliver a new simplified flood solution via the latter's open advisory and rating organization, Milliman Appleseed. Developed by Swiss Re, the new flood offering has been designed to provide flexible coverage for low and moderate flood risks. According to the pair, ... Read the full article

Swiss Re appoints Scalzi to lead automated underwriting strategy in Asia

13th July 2021

Global reinsurer Swiss Re has appointed Barbara Scalzi to lead its automated underwriting solution Magnum in Asia. In her role as Head Magnum Asia, Scalzi will help drive the development of innovative solutions, leveraging alternative data to meet customer needs. Prior to Swiss Re, Scalzi spent three years at fintech platform UnderwriteMe serving as ... Read the full article

Paris climate targets not possible without giant carbon removal industry: Swiss Re

8th July 2021

Reaching the Paris climate targets won’t be possible without a carbon removal industry the size of oil & gas, according to a new report from Swiss Re. The reinsurance giant has said that reducing CO2 emissions should be a priority, followed by removing any other unavoidable emissions from the atmosphere and ... Read the full article

The goal is to create a single source of truth data environment, says Swiss Re’s Haycock

5th July 2021

As data quality challenges continue to hinder insurers and reinsurers, Swiss Re is looking to overcome some of the inefficiencies and develop a habitat in which valuable data is discoverable, accessible, and trusted. This is according to Swiss Re’s inaugural Chief Data Officer, Ian Haycock, who spoke with Reinsurance News recently ... Read the full article

Swiss Re’s iptiQ, ImmoScout24 launch loss of rent insurance product

29th June 2021

Swiss Re’s iptiQ has partnered with ImmoScout24, Germany’s leading online real estate platform, on a loss of rent insurance product designed to protect against the financial uncertainties that can arise from new tenancy agreements. As an insurance partner, iptiQ is offering ImmoScout24 customers a digital product that will cover the complete ... Read the full article

Peak Re hires Swiss Re’s Karlheinz Render as SVP, Europe

28th June 2021

Peak Reinsurance Company's Zurich-based subsidiary, Peak Reinsurance AG (Peak Re), has appointed Karlheinz Render as Senior Vice President, Europe. Render will be responsible for developing and maintaining client relationships in the region by providing tailored solutions to support clients’ growth aspirations. He succeeds Emmanuel Thommen, former Senior Vice President at Peak Re ... Read the full article

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