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.
Natural catastrophe resilience is on the rise across China – Swiss Re
4th July 2022
Natural catastrophe resilience is on the rise across China’s provinces, according to a new report by Swiss Re Institute. The country’s national natural catastrophe resilience index rose to 9.0% in 2021 from 8.1% in 2020 and 7.6% in 2019, despite a major flooding event in Henan province in ... Read the full article
Economic slowdown may throw resilience recovery off course: Swiss Re
30th June 2022
A new report from Swiss Re Institute shows that that the world economy regained macroeconomic resilience in 2021, but the reinsurer warns that new challenges could “throw the recovery off course” through 2022 and into 2023. Analysts note that the global economy benefited from a cyclical rebound from the COVID-19 crisis ... Read the full article
Swiss Re & IIRM to support re/insurance academia in India
29th June 2022
Global reinsurer Swiss Re has signed a memorandum of understanding (MoU) with the Institute of Insurance and Risk Management (IIRM), an organisation dedicated to providing executive education across the financial services sector. The partnership is aimed at supporting and strengthening re/insurance academia in India. Specifically, Swiss Re Global Business Solutions India will ... Read the full article
Higher yields a silver lining for fixed income-heavy reinsurers: Swiss Re
27th June 2022
Swiss Re estimates that in 2020 the non-life profitability gap was roughly 7–11% of premiums earned, due to the low-yield environment. Over time, the company says, higher interest rates will be reflected in insurers running yield and interest income, helping to soften the profitability gap. Swiss Re ... Read the full article
Munich Re best positioned for US storm season – JP Morgan
24th June 2022
Munich Re is best positioned to deal with the seasonal underperformance typically experienced by European reinsurers during the Atlantic hurricane season, according to JP Morgan. Munich Re and Swiss Re typically have the largest share of hurricane losses among the European reinsurers. Munich Re and Swiss Re ... Read the full article
Ukraine-Russia conflict market losses estimate narrowed to $10bn
24th June 2022
Swiss Re has reiterated that losses from the Ukraine/Russia conflict appear to be a mid-sized nat cat event, narrowing estimated market losses to $10bn from $15bn previously estimated, according to a Goldman Sachs report for Q1. The report noted that reinsurance and London Market names are potentially exposed in various lines, ... Read the full article
Macro trends supporting insurance industry ‘very strong’ – Swiss Re’s Sergio Ermotti
20th June 2022
The macro trends supporting the industry are ‘very strong’, according to Swiss Re chairman of the board Sergio Ermotti. In an interview given to Finance + Swiss, Ermotti said that despite the challenges of recent years, the potential for stable, continual global GDP growth means that the industry should be looking ... Read the full article
EU could add up to €9.3 billion to farmers annual incomes with “climate-smart actions”
20th June 2022
The EU could add between €1.9bn and €9.3 billion annually to farmers’ incomes if farmers are supported in taking "climate-smart actions", according to a survey by the EU Carbon+ Farming Coalition. Other benefits would include reducing its agricultural greenhouse gas emissions by an estimated 6%, and restoring soil health of over ... Read the full article
Green transition will drive up inflation – but less than unchecked climate change
20th June 2022
The "green transition" to renewable energy is expected to create inflationary pressure over the next decade. And the faster renewables are adopted, the worse this problem is expected to become in the medium term. However, according to a new forecast by Swiss Re, a faster transformation now will lower the inflationary ... Read the full article
Beazley launches D&O solution for crypto companies
17th June 2022
Specialist insurer Beazley has announced the launch of a new Directors’ & Officers’ liability (D&O) insurance product tailored specifically for crypto companies. According to the insurer, CryptoGuard - the first of its kind in the London and US markets - will put out capacity of up to $10m. Designed to address the ... Read the full article
Current market conditions ripe for insurers and reinsurers to move closer – Swiss Re
16th June 2022
A tightening of market liquidity from central banks may present opportunities for insurers and reinsurers to move closer together, says a new article from Swiss Re. The piece, written by Gianfranco Lot, head of globals reinsurance, says that a reduction in liquidity may allow insurers and reinsurers to deepen ties by ... Read the full article
Crypto & quantum computing among top risks flagged by Swiss Re
16th June 2022
Crypto assets and quantum computing have been flagged by analysts at Swiss Re as two of the most significant emerging risks for insurers and reinsurers, with the potential to create new risks within the global financial system. Swiss Re's 10th edition of SONAR covers 14 emerging risk topics across technological, economic, ... Read the full article
“G20 needs to act to avert food crisis and reshape social contract” – Swiss Re
15th June 2022
The group chief economist for Swiss Re has called on the G20 nations to act in order to both avert a food crisis and reshape the social contract. Writing on the firm’s website, Jerome Jean Haegeli said that an international effort was needed to guarantee that developing nations have access ... Read the full article
Swiss Re-backed Waterdrop sees net operating revenue rise 7.4%
15th June 2022
Swiss Re-backed technology platform Waterdrop has reported that its net operating revenue in Q1 2022 rose 7.4%, compared to Q4 2021. The firm said in a press statement that it had resumed positive growth after its business strategy was switched from pursuing fast growth to enhancing quality development and profitability. It ... Read the full article
Allianz and Swiss Re to lead flood risk transfer project in Ghana
14th June 2022
Allianz and Swiss Re, members of the Insurance Development Forum (IDF), will lead a Tripartite risk transfer project for urban floods in Ghana. The IDF, alongside the Ghana Ministry of Finance, the United Nations Development Programme (UNDP) and the German Government, announced its launching during the IDF ... Read the full article