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’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
Bloomberg Intelligence highlights gap in reinsurers’ midyear renewals and catastrophe losses
9th August 2024
Reinsurance companies Munich Re and Swiss Re may benefit from higher reinsurance-policy retention, but a recent report from Bloomberg Intelligence (BI), the research division of Bloomberg L.P., suggests that current pricing does not fully account for the risks tied to rising sea temperatures during this hurricane season. BI notes that midyear ... Read the full article
Severe convective storms drive 70% of $60bn insured losses in H1: Swiss Re
7th August 2024
According to a new report from Swiss Re, global insured losses from natural catastrophes have reached $60 billion in H1 of 2024, with severe thunderstorms, mainly in the US, accounting for 70% of the total figure. At $60 billion, global insured losses from natural catastrophes in H1 of 2024 are reportedly ... Read the full article
Swiss Re Asia adds Alan Wilson to its Board of Directors
5th August 2024
Global reinsurer Swiss Re has appointed Alan Wilson as a member of the Board of Directors for its Asian business, Swiss Re Asia Pte. Ltd. (SRAL). Wilson is an industry veteran with 45 years of experience, and stepped into his new role on August 1st, 2024. Most recently, he was a non-executive ... Read the full article
Swiss Re appoints Anders Malmström to succeed John Dacey as Group CFO
31st July 2024
Global reinsurance giant Swiss Re has named Anders Malmström as its new Group Chief Financial Officer (CFO), effective April 1st, 2025, succeeding John Dacey, who retires from his executive role on March 31st, 2025. Dacey will continue to represent Swiss Re as a non-executive director on the boards of FWD and ... Read the full article
Swiss Re updates economic scenarios to navigate evolving risks for re/insurers
30th July 2024
Swiss Re’s latest US economic forecasts predict steady global GDP growth and decreasing inflation, but evolving risks could disrupt this outlook, prompting the firm to update its three alternative economic scenarios to reflect current global conditions and enhance the re/insurance industry’s preparedness. In a recent article, Hendre Garbers, Senior Economist at ... Read the full article
Swiss Re appoints Nicole Fera to lead its Regional 1 Reinsurance, US P&C
30th July 2024
Global reinsurance giant Swiss Re has promoted Nicole Fera to lead its Regional 1 Reinsurance market division in the United States. Fera is an experienced reinsurance industry professional, having spent over 16 years at Swiss Re. As the Head of Regional 1, she will use her account management and broking skills and ... Read the full article
Insurance resilience up in 2023 amid worldwide recognition for increased protection: Swiss Re
24th July 2024
In 2023, insurance resilience either increased or was stable across the natural catastrophe, crop, health, and mortality perils tracked by Swiss Re's Resilience Index. According to the firm, this reflected a general focus on the shock-absorbing role of insurance for households, farms, and businesses. "In 2023, we saw signs of individuals and ... Read the full article
Alignment of the cost of capital and ROE good for insurers and beyond: Haegeli, Swiss Re
24th July 2024
The fact the cost of capital and the return on equity (ROE) are once again almost in synch is a positive development for the insurance industry and beyond, according to Jérôme Jean Haegeli, Chief Economist at reinsurance giant Swiss Re. As highlighted in Swiss Re's latest Sigma report, the uptick in ... Read the full article
Fathom’s flood maps now available in Swiss Re Reinsurance Solutions’ CatNet
23rd July 2024
Swiss Re Reinsurance Solutions has revealed that Fathom's advanced Global, UK, and Japan flood maps are now available within the CatNet risk assessment platform. If you recall, the global reinsurance giant acquired Fathom, the Bristol, UK-based provider of water risk intelligence and flood models back in December of 2023. At the ... Read the full article
Rising medical costs and state competition challenges stability in US WC insurance: Swiss Re
22nd July 2024
Despite a decade of strong profitability, Laure Forgeron, Chief Underwriting Officer for Casualty at Swiss Re, a global reinsurance company, highlights emerging risks such as rising medical costs and intense competition in states like California, urging insurers to adopt disciplined strategies alongside evolving market conditions to sustain long-term financial health. The ... Read the full article
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