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.
Nat cat is a real growth opportunity for Swiss Re: CUO Thierry Léger
16th September 2022
While many carriers look to lower the volatility of their book by cutting their property catastrophe exposure, reinsurance giant Swiss Re intends to grow further in the natural catastrophe space and sees this as a real growth opportunity, according to Group Chief Underwriting Officer (CUO), Thierry Léger. Reinsurance News spoke with ... Read the full article
Reinsurer nat cat experience year-to-date has been mixed, says JP Morgan
15th September 2022
According to a report from JP Morgan, Europe's big four reinsurers had mixed natural catastrophe experiences during the first half of 2022. It notes Munich Re is the only company to see losses below expectations at ~60% of the H1 budget, with only ~30% of the full-year budget utilized so far. ... Read the full article
Rate discussions inevitable amid accelerating loss cost drivers: Thierry Léger, Swiss Re
14th September 2022
As the year turns the corner towards its end, it is time not only to take stock of everything that has happened in 2022, but also of what may - or probably will - come to pass in 2023. Reinsurance News recently took the time to sit with Thierry Léger, CUO ... Read the full article
Swiss Re warns ‘true’ GDP growth may be lower than expected
13th September 2022
Analysts at Swiss Re have warned that ‘true’ GDP growth could be lower than most forecasts are predicting due to the carryover effects of last year’s growth dynamics on this year’s figures. In 2023, the reinsurer adds that this effect should reverse for GDP growth – but should intensify for inflation. Swiss ... Read the full article
US social inflation trends could spread globally: Swiss Re’s Ojeisekhoba
12th September 2022
Moses Ojeisekhoba, CEO Reinsurance at Swiss Re, has warned that the adverse social inflation trends afflicting the re/insurance market in the US could easily spread out to other parts of the world. Speaking at Swiss Re’s press briefing at the RVS 2022 event in Monte Carlo today, Ojeisekhoba and Thierry Léger ... Read the full article
Swiss Re’s Group CIO Guido Fürer to retire after 25 years with the company
12th September 2022
Swiss Re’s Group Chief Investment Officer and Country President for Switzerland, Guido Fürer, is set to retire after spending 25 years with the company. Fürer commented on his retirement, stating, “After a 35-year-long, fulfilling career in the financial sector, I want to enjoy more time with my family and dedicate myself ... Read the full article
Swiss Re to grow nat cat portfolio and hedge volatile conditions
12th September 2022
Reinsurance giant Swiss Re has reported that it intends to “further grow and diversify” its natural catastrophe portfolio as it capitalizes on opportunities to hedge the current volatile environment with insurance solutions. Ahead of the company’s presentation at Rendez-Vous de Septembre 2022 in Monte Carlo today, Swiss Re shared its view ... Read the full article
Industry has proven its role as shock-absorber: Swiss Re’s Thierry Léger
11th September 2022
Reflecting on several years of large global catastrophe losses and unprecedented systemic shocks, Swiss Re Group Chief Underwriter (CUO) Thierry Léger says that the reinsurance industry has “proven its role as shock-absorber.” Speaking to Reinsurance News ahead of the 2022 Monte Carlo RVS event, Léger addressed the difficult conditions that reinsurers ... Read the full article
Reshoring, “friend-shoring”, energy & food security will shape risk landscape: Swiss Re
9th September 2022
Analysts from the Swiss Re Institute have concluded that "friend-shoring" of supply chains to allied countries and reshoring production capacity domestically, investments in green energy and mitigating a food crisis will shape the risk landscape and likely increase investments into the real economy. The world has seen several changes since the ... Read the full article
Renewal rate increases “eaten up by live issues” – Swiss Re’s Mumenthaler
9th September 2022
Reinsurance companies reported some fairly significant price increases during the 2022 renewals, but the impacts of inflation and adapted models has, for the most part, offset these rises, according to Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re. In a recent video interview, Mumenthaler spoke with ... Read the full article
Insurtech Waterdrop adds Swiss Re Asia exec to board
8th September 2022
Waterdrop, the Swiss Re-backed technology platform for insurance and healthcare services, has announced the appointment of Wenjie Guan to its board of directors. Guan currently serves as Head of Principal Investments and Acquisitions North Asia at Swiss Re, and will take up her board position from September 7th. Prior to joining Swiss ... Read the full article
Capital adequacy remains a key strength for Europe’s big four: Moody’s
31st August 2022
According to a Moody’s Investors Service report, falling bond and equity prices resulted in a significant decline in reported shareholders' equity, though capital adequacy remains a key strength for Europe’s big four reinsurers, confirming the cohort's capacity to absorb future shocks. Rising rates were positive for the sector’s regulatory Solvency II ... Read the full article
Nat cats a key consideration for Europe’s big four reinsurers in H2, says Moody’s
30th August 2022
Natural catastrophes have weakened Europe’s big four reinsurers' results in H1, and with the peak North Atlantic hurricane season still to come, there is a risk that they might do so again in H2, says a Moody’s investors service report. The four reinsurers reported combined net profits of €1.9bn in the ... Read the full article
Europe’s big four see P&C reinsurance underwriting performance deteriorate: Moody’s
26th August 2022
Europe’s big four average net combined ratio from property and casualty (P&C) reinsurance deteriorated to 98.9% from 95.5% a year earlier, with only Munich Re reporting a stronger P&C combined ratio, says Moody’s. The report suggests that the group's weaker P&C underwriting performance partly reflects several small to mid-sized natural catastrophe ... Read the full article
Our industry needs to look at hurricanes from an evolved perspective: Swiss Re
25th August 2022
A recent Risk Perspective blog from Swiss Re’s Mohit Pande has outlined the hurricane risks that the industry and economy currently face. According to CoreLogic, nearly 33 million homes on or near the Atlantic and Gulf coasts are at risk of hurricane-force wind damage, the estimated cost to replace them is ... Read the full article