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.
Change in life savings market presents opportunity to reduce pensions gap: Swiss Re
6th September 2024
Annuities sales in the United States have reached their highest levels, surpassing all previous records, with the United Kingdom experiencing a similar trend in life-saving product sales, following a similar trajectory, Swiss Re has revealed. This presents a vital opportunity to reduce the pensions gap, analysts highlight. At the same time, ... Read the full article
Risk sharing between insurers and reinsurers has stabilised: Urs Baertschi, CEO P&C Reinsurance, Swiss Re
5th September 2024
After reinsurers tightened terms and conditions and raised attachment points to move away from rising so-called secondary peril losses, primary insurers have now caught up and understand what it means to have higher volatility in the frequency space, according to Urs Baertschi, CEO of P&C Reinsurance at Swiss Re. Read the full article
Munich Re & Swiss Re remain the world’s largest reinsurers
3rd September 2024
Reinsurance giant's Munich Re and Swiss Re remain the two largest global reinsurers across the globe according to data from ratings agency AM Best. In prior years, the agency ranked the top 50 global reinsurers in a single list, but now, with the adoption of IFRS 17, the ... Read the full article
Microsoft hails successful rollout of Copilot for 365 at Swiss Re
3rd September 2024
Copilot for Microsoft 365 has been successfully adopted by 3,000 users at reinsurance giant Swiss Re, with plans to expand its usage across the firm's entire workforce. According to Microsoft, this deployment marks a significant milestone in the strategic partnership between the two companies and highlights the power of smart AI ... Read the full article
Munich Re using less retrocession compared with others in Big Four: AM Best
2nd September 2024
According to a new report from AM Best, Munich Re reportedly makes "relatively little use" of retrocession compared with Swiss Re, SCOR and Hannover Re. AM Best's report observed that Swiss Re has shifted in recent years to increase its use of retrocession protection, while significant use has long been ... Read the full article
Reinsurers’ financial strength & diversification key to mitigating cat losses: Swiss Re
28th August 2024
After reinsurers paid over $150 billion in global claims across property, casualty, and specialty lines in 2023, Swiss Re's Urs Baertschi has emphasised the industry's critical role as a shock absorber, a springboard for addressing the protection gap, and a compass for data-driven decision-making. Writing in a blog post for Swiss ... Read the full article
Swiss Re reiterates financial targets amid challenging macroeconomic & geopolitical environment
27th August 2024
Swiss Re has reiterated its 2024 financial targets, including Group net income of more than USD 3.6 billion, following the announcement of its H1 2024 results last week, which were strong despite reserve additions. The global reinsurer reported profit of USD 996 million and net income of USD 2.1 billion, ... Read the full article
Swiss Re reveals new advanced tool for evaluating coronary artery disease risk
27th August 2024
Swiss Re, a global reinsurer, has introduced an upgrade to its Life Guide underwriting manual, specifically enhancing the coronary artery disease (CAD) calculator. This advanced tool is now available to more than 25,000 Life Guide users across 800 companies in 100 countries. The enhanced CAD calculator is designed to simplify the underwriting ... Read the full article
P&C reinsurance market is reaching a new level of equilibrium, says Swiss Re CFO
23rd August 2024
The primary insurance market now understands that price increases in property and casualty (P&C) reinsurance are needed going forwards, with the market now "reaching a new level of equilibrium", according to Swiss Re's Chief Financial Officer (CFO), John Dacey. In a recent interview with CNBC International News following the release of ... Read the full article
Swiss Re will remain cautious, but ability to absorb a major event is substantial: CFO Dacey
22nd August 2024
John Dacey, Group Chief Financial Officer (CFO) of Swiss Re, has said that the firm was surprised at the relatively low set of natural catastrophe losses it incurred in the first half of the year, and while the reinsurer's ability to absorb a major event in the second half of ... Read the full article
Swiss Re’s Lubomir Varbanov expands role to oversee global MDB collaboration
22nd August 2024
Lubomir Varbanov is assuming additional responsibilities at Swiss Re, expanding his current role as Managing Director, Head of Public Sector Solutions for Asia Pacific to include global accountability of the company's work with Multilateral Development Banks (MDBs). In a recent LinkedIn post, Veronica Scotti, Chairperson Public Sector Solutions at Swiss Re, ... Read the full article
Swiss Re posts strong H1’24 results despite reserve additions
22nd August 2024
Global reinsurer Swiss Re has today reported profit of $996 million and net income of $2.1 billion for the first half of 2024, as the firm's property and casualty (P&C) and life and health (L&H) reinsurance businesses performed well in the period. Swiss Re attributes the reported net income and an ... Read the full article
Improving metabolic health could reduce cancer claims in L&H, says Swiss Re
19th August 2024
Improving lifestyle and metabolic health has significant potential to reduce cancer-related claims in Life & Health (L&H) insurance within a few years, according to Tobias Schiergens and John Schoonbee of Swiss Re. Schiergens, the Senior Global Medical Officer, CUO L&H Reinsurance, and Schoonbee, the Global Chief Medical Officer, note that cancer ... Read the full article
Swiss Re CEO Andreas Berger joins IDF Steering Committee
19th August 2024
The Insurance Development Forum (IDF), a public-private partnership led by the re/insurance industry and supported by the UN, has welcomed Andreas Berger, Group CEO of Swiss Re, as the newest member of its Steering Committee. Swiss Re has been at the forefront of the IDF's innovative efforts, leveraging its extensive expertise ... Read the full article
ILS market set records in H1’24, remains an attractive relative value option: Swiss Re
14th August 2024
After a record 2023, the insurance-linked securities (ILS) market again set records in the first half of 2024, with strong catastrophe bond issuance on the back of robust demand from investors, as the secondary market experienced record high trading volumes, according to reinsurance giant Swiss Re. The latest ILS Market Insights ... Read the full article
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