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 partners with insurtech Benekiva on digital claims management
25th April 2023
Swiss Re Reinsurance Solutions has formed a strategic partnership with Des Moines-based insurtech Benekiva to develop an integrated claims management platform. The partnership will aim to combine Benekiva's claims administration system with Swiss Re's Claims Automated Rules Engine and expertise in risk management. The Integrated Claims Management Platform will support digital claims ... Read the full article
Private, public sector strikes in Europe pose ‘minor’ hit to GDP: Swiss Re Institute
24th April 2023
Europe's ongoing public and private sector strikes for pay are projected to cause only a "minor and temporary" setback to real GDP growth, according to Swiss Re Institute. The tight labour markets are aiding worker and union bargaining power, leading to nominal wage growth, while the overall gross property and casualty ... Read the full article
Swiss Re expects US P&C industry to improve ROE in 2023, 2024
20th April 2023
Global reinsurer Swiss Re has forecasted that the US property and casualty (P&C) industry will experience significantly better return on equity (ROE) in 2023 and 2024 compared to 2022. Swiss Re expects the ROE to reach 8.0% in 2023 and 9.5% in 2024, driven by higher premium rates and investment yields. "Compared ... Read the full article
Swiss Re names CRO of Reinsurance Global Clients, Solutions & iptiq
20th April 2023
Global reinsurance giant Swiss Re has promoted Stefanie Stratos to Global Chief Risk Officer of Reinsurance Global Clients, Client Solutions and iptiQ - Swiss Re´s digital B2B2C insurer. Based in New York, Stratos is a renowned veteran within the industry, having worked at Swiss Re for over 26 years. She joined the ... Read the full article
Swiss Re appoints Mohit Pande as Chief Underwriting Officer, Property
20th April 2023
Global reinsurance giant Swiss Re has appointed Mohit Pande as Chief Underwriting Officer, Property. Based in New York, Pande brings more than 20 years of industry experience towards his new role, 17 of which he has spent working at Swiss Re. Pande joined Swiss Re in 2005 as Vice President, Natural Hazards. ... Read the full article
Swiss Re names Santiago Arechaga Head P&C Southern Europe
19th April 2023
Santiago Arechaga has been named Head P&C Southern Europe for Swiss Re, a new position he will hold alongside his role as CEO Iberia. Madrid-based Arechaga joined Swiss Re in 2018 as CEO Iberia. Prior to that he worked for 11 years at AEGON Spain holding a number of positions. His first ... Read the full article
Swiss Re predicts prolonged challenges for commercial real estate
18th April 2023
Analysts at Swiss Re Institute have warned that pressure in the office sector and tighter lending standards are challenging US commercial real estate, contributing to the weaker economic growth outlook and financial sector vulnerability. While the pressures are unlikely to pose systemic risks, the reinsurer does expect the correction to last ... Read the full article
Youi Insurance hires Swiss Re’s Laura Wood as Head of Reinsurance
18th April 2023
Youi Insurance, an Australian-based insurance company has appointed Swiss Re’s Laura Wood as Head of Reinsurance. An experienced veteran within the industry, Wood brings 18 years of expertise towards her new role, having worked within re/insurance and broking across most of the industry’s key markets around the globe and across many ... Read the full article
Swiss Re hires Aon’s Paloma Quiroga Arias as Head Risk Consulting & Analytics
17th April 2023
Reinsurance giant Swiss Re has announced that it has appointed Paloma Quiroga Arias as Head Risk Consulting & Analytics, where she will report to Russell Higginbotham, CEO Reinsurance Solutions. Paloma’s appointment is effective immediately. In her new role, she will lead a team that contains proven risk expertise, as well as deep ... Read the full article
Swiss Re improves solvency test ratio by 71 points
14th April 2023
Global reinsurer Swiss Re has reported that its Group Swiss Solvency Test (SST) ratio for 2023 stands at 294%, which is well above its 200-250% target range, and represents an increase of 71 percentage points over its 2022 figure. Swiss Re outlined its capital position in detail in its Financial Condition ... Read the full article
Swiss Re’s shareholders back all proposals at its Annual General Meeting
13th April 2023
Swiss Re has announced that its shareholders have approved all proposals put forward by its Board of Directors at its Annual General Meeting (AGM). According to Swiss Re, the vast majority of shareholders (98.12%) approved the proposal of the Board of Directors to pay out an ordinary dividend of USD 6.40 ... Read the full article
Swiss Re appoints Franzetti to Head of Global Claims P&C Reinsurance
11th April 2023
Reinsurance giant Swiss Re has appointed Dana Franzetti as Head of Global Claims property & casualty (P&C) Reinsurance. Based in Schaumburg, Illinois, Franzetti joined Swiss Re in 2016 and was appointed to the role of Claims Manager, VP, P&C Business Management. She served in this role for four years until she ... Read the full article
Swiss Re names Kerényi Chief Risk Officer, P&C Reinsurance
11th April 2023
Global reinsurance giant Swiss Re has appointed Attila Kerényi as Chief Risk Officer and Member of the Executive Committee, property & casualty (P&C) Reinsurance. Based in New York, Kerényi is a veteran across the industry and brings over 22 years of experience towards his new role. Kerényi has worked for the reinsurance ... Read the full article
Asia avoids banking sector turmoil due to lower inflation rates: Swiss Re Institute
6th April 2023
Despite the recent turmoil in the US and European banking sectors, Asia's re/insurance sector has managed to avoid being affected, helped in part by the swift responses of the authorities in the countries where the issues originated and lower inflation rates in the region, said the Swiss Re Institute. These lower ... Read the full article
Swiss Re implements new reinsurance organisational structure, additional leaders named
3rd April 2023
Reinsurance giant Swiss Re's previously announced streamlined organisational structure, described by the firm as a simpler set-up with shorter decision paths that will result in enhanced client focus, is now live. First announced back in February, the new structure sees the splitting of the firm's reinsurance business unit into P&C ... Read the full article