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Reinsurance 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.
9th July 2020
Global insurance premiums are expected to recover in 2021 after contracting this year on the back of a COVID-19-induced economic recession, according to the latest Swiss Re Institute sigma report. While expected to be short-lived, Swiss Re warns that this year's recession is set to be the deepest since the Great ... Read the full article
2nd July 2020
Global reinsurance giant Swiss Re has announced the appointment of Arthur Levry as its new Head of West Africa, effective July 1st, 2020. In his new role, Levry will be tasked with managing the advancement and development of property and casualty (P&C) and Life and Health (L&H) products and solutions across ... Read the full article
1st July 2020
Global reinsurance giant Swiss Re has announced the appointment of Pravina Ladva to the newly created position of Group Digital Transformation Officer, effective July 1st, 2020. In addition to her new responsibilities related to driving Swiss Re's global digital transformation agenda, Ladva will also continue to serve as Chief Technology and ... Read the full article
29th June 2020
With China set to vastly increase its investment in rural infrastructure over the coming years, this section of the population presents a “Blue Ocean” opportunity for re/insurers to capitalise on untapped demand and still limited competition. This is according to Swiss Re Institute, which noted in a new report that the ... Read the full article
29th June 2020
Moody’s Investors Service has assigned an A3(hyb) rating to the SGD 350 million (USD 250 million) guaranteed subordinated fixed rate reset notes to be issued by Swiss Re Finance (UK) Plc (SRF) and guaranteed by Swiss Re Ltd. The notes, due 2035 and callable from 2025, form part of Swiss Re’s ... Read the full article
19th June 2020
Global reinsurance giant Swiss Re has announced that Thierry Léger has been appointed to succeed Edi Schmid as Group Chief Underwriting Officer (CUO), effective September 1st, 2020. Schmid has been the Group CUO and member of the Group Executive Committee since July 2017, and has decided to step down from the ... Read the full article
18th June 2020
Swiss Re Corporate Solutions (SRCS), the commercial insurance arm of reinsurer Swiss Re, has announced a strategic agreement to bring Finnish insurer LocalTapiola onto its International Programme Administration (IPA) platform. The agreement also gives the Finnish insurer access to SRCS' network of over 150 local offices and network partners. The collaboration supports ... Read the full article
17th June 2020
Investment in infrastructure development is set to be one of the main drivers of sustainable growth in the emerging markets after the COVID-19 crisis subsides, according to Swiss Re’s latest Sigma report. Emerging markets are expected to invest $2.2 trillion in infrastructure annually over the next 20 years, equal to 3.9% ... Read the full article
16th June 2020
Global reinsurer Swiss Re has announced its role in helping India's northeastern state of Nagaland secure parametric insurance for excess rainfall events that can lead to severe flooding. The cover is based on a geospatially gridded dataset whose precipitation levels are derived from satellite observations. The parametric structure is designed to cover ... Read the full article
9th June 2020
Swiss Re Institute has collaborated with the World Wildlife Fund (WWF) to focus on the concept of spatial finance in understanding threats to World Heritage Sites (WHS). Spatial finance uses geospatial observational data – geographical information systems (GIS) – combined with machine learning to assess the risks and impact of financing ... Read the full article
5th June 2020
The COVID-19 crisis has brought to light new risks and trends, but a new report by Swiss Re Institute argues that the pandemic should not overshadow the need to transition to a more sustainable economy. The reinsurer noted that the recession caused by the containment measures to curb the coronavirus outbreak ... Read the full article
3rd June 2020
Reports have emerged claiming that China Pacific Insurance Company (CPIC) is moving forward with a London listing to support its overseas expansion, with global reinsurance giant Swiss Re serving as its cornerstone investor. In November of last year, Swiss Re confirmed that it was exploring an investment opportunity with CPIC ... Read the full article
29th May 2020
The financial earnings of the big four European reinsurers will be affected negatively by the COVID-19 pandemic in the short-term, but moving forward, improved technical pricing could largely offset fading investment returns, according to Fitch Ratings. As evidenced by first-quarter 2020 results, the financial impact of the COVID-19 pandemic for the ... Read the full article
29th May 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance division of reinsurance giant Swiss Re, has appointed Robert Hunziker as Asia Pacific Head Property & Specialty, effective September 1st, 2020. In his new role, Hunziker will be based in Singapore and takes over the position from Stanley Cochrane, who is ... Read the full article
27th May 2020
Swiss Re Corporate Solutions (SRCS), the commercial insurance arm of reinsurer Swiss Re, has announced the launch of a new parametric hail insurance solution, HAIL. The new parametric hail cover provides companies in the U.S. with insurance protection against the financial impact of a significant hail event. This includes things like physical ... Read the full article
