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.
Velina Peneva appointed Group Chief Investment Officer at Swiss Re
16th January 2023
Reinsurance giant Swiss Re has announced that Velina Peneva will succeed Guido Fürer as Group Chief Investment Officer (CIO), effective April 1st, 2023. Currently, Peneva serves as Co-Head Client Solutions & Analytics in Swiss Re's Asset Management, having previously led Swiss Re's private equity investment mandate. Prior to joining the reinsurer in ... Read the full article
Unity critical to solving challenges like climate change: Mumenthaler
13th January 2023
Christian Mumenthaler, Group Chief Executive Officer at Swiss Re, has suggested that despite COP27 negotiations leaving plenty of unfinished business, he remains "optimistic" that societies will be willing to set aside differences to achieve climate resilience goals. Writing in a blog post for Swiss Re, Mumenthaler noted that the COP27 climate ... Read the full article
Insurance in 2023: A slow recovery but there is a silver lining – Berger, Swiss Re Corporate Solutions
11th January 2023
The world is coming to the end of another tumultuous year and the question on everyone’s mind is: what is next for the global economy and the insurance industry? From Swiss Re Corporate Solutions' vantage point right now, while the firm still sees short-term pain over the next year, there ... Read the full article
Swiss Re names Steinmann Head Northern, Central & Eastern Europe
11th January 2023
Reinsurer Swiss Re has appointed former Head of Casualty Underwriting EMEA, Thorsten Steinmann, as the new Head Northern, Central & Eastern Europe. In his new role, Steinmann will be responsible for Swiss Re's P&C reinsurance operations in a region extending from the DACH countries to the Nordics, Baltics, the Netherlands and ... Read the full article
UFG hires Swiss Re’s Stephenson as EVP & COO
5th January 2023
United Fire Group has appointed Julie Stephenson, the ex-Global Head of Casualty Reinsurance at Swiss Re, as its new Executive Vice President and Chief Operating Officer. Stephenson’s appointment is effective January 30, 2023. In her new role, Stephenson will be responsible for the overall operational performance of UFG, which will involve her ... Read the full article
Swiss Re names Head of Casualty Treaty UW Northwest Europe
4th January 2023
Reinsurer Swiss Re has appointed Harry Thomson as Head of Casualty Treaty Underwriting for the Northwest Europe region. Thomson has worked at Swiss Re since 2017, during which time he has held a position as Senior Casualty Treaty Underwriter and Vice President, based in London. Prior to this he spent four years ... Read the full article
Swiss Re Corporate Solutions receives approval to establish Canadian branch
3rd January 2023
Swiss Re Corporate Solutions, the commercial direct risk underwriting arm of Swiss Re, has received federal regulatory approval to establish a Canadian branch of Swiss Re Corporate Solutions America Insurance Corporation (SRCSAIC). Effective from January 1, 2023, the new entity will be called Swiss Re Corporate Solutions America Insurance Corporation – ... Read the full article
Swiss Re lays out economic predictions for 2023 and 2024
20th December 2022
A new article from reinsurance giant Swiss Re on economic and financial risk states that it expects to see central banks continue to hike interest rates, with inflation falling towards target levels in 2024. The firm said in the note that it expects to see a milder recession within the Euro ... Read the full article
Cost of providing re/insurance capacity could increase next year: Swiss Re
15th December 2022
A new note from Swiss Re says that rising claims inflation, compounded by the demand-supply mismatch of reinsurance capacity in a rising interest rate environment, could contribute to an increase in the cost of providing insurance capacity in 2023 and beyond. The firm made the prediction in its two-page Economic Insights ... Read the full article
To make the world more resilient, re/insurers must be resilient: Ojeisekhoba, Swiss Re
13th December 2022
As the global reinsurance industry looks ahead to 2023, writing in this op-ed, Swiss Re's Moses Ojeisekhoba, Chief Executive Officer - Reinsurance, explains the need to reshape the risk industry, in order to boost resilience in an increasingly volatile world. The extraordinary natural and human forces shaping our planet were on ... Read the full article
Swiss Re sets up reinsurance broker focused team led by Meyenhofer
12th December 2022
Swiss Re, one of the world's largest reinsurers, has announced it is setting up a new broker-dedicated Key Account Management team to be led by Matthias Meyenhofer. According to the announcement, this team will play a pivotal role in helping to sustain and expand relationships with Swiss Re’s top producing reinsurance ... Read the full article
Swiss Re proposes shakeup of board
9th December 2022
Swiss Re has proposed changing the makeup of its board, saying that it is nominating Vanessa Lau and Pia Tischhauser for election as new members. The moves come ahead of the firm’s upcoming AGM in April. It also said that current board members Renato Fassbind and Susan L. Wagner will not ... Read the full article
Hurricane Ian to strain reinsurance capacity at renewals: Swiss Re
9th December 2022
Analysts at Swiss Re Institute have warned that the impact of Hurricane Ian on an already strained re/insurance market in Florida will likely be significant and extend globally. Losses from Ian, which are expected to be in the $50-60 billion range, follows multiple years of elevated catastrophe losses and comes at ... Read the full article
Swiss Re appoints Nunes as MD, Global Head of Cloud & Infrastructure
5th December 2022
Reinsurance giant Swiss Re has appointed Vasco Nunes as Managing Director, Global Head of Cloud and Infrastructure. Nunes is well known across the insurance technology community. By taking on this role within a firm as large as Swiss Re, this is a major step forward within his career. Nunes joined Swiss Re ... Read the full article
Swiss Re looking at one of the most “positive outlooks” for a while at the April renewal season: Paul Murray
2nd December 2022
Swiss Re’s Chief Executive Officer Reinsurance Asia, Paul Murray spoke with Reinsurance News to share his thoughts on Swiss Re’s outlook for the upcoming Asia renewal season, as well as how he sees market conditions developing within reinsurance in Asia Pacific. Addressing Swiss Re’s outlook for the Asia renewal season, Murray ... Read the full article