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 hails robust price improvements as Q1 net income hits $643m

4th May 2023

Swiss Re, one of the world's largest reinsurance companies, has today reported net income of $643 million for the first quarter of 2023 compared with a loss of $248 million a year earlier, as the firm's property and casualty (P&C) reinsurance combined ratio improved despite elevated nat cat activity. Group-wide, net ... Read the full article

Large losses to come in above budget for Europe’s big four reinsurers in Q1: BofA

3rd May 2023

Bank of America (BofA) estimates that European reinsurance results will fail to hugely impress against already-high expectations for the sub-sector, while analysts expect that all four major European reinsurance companies will have exceeded their Q1 large losses budget. The key factor for these losses according to the bank is natural disasters. ... Read the full article

Swiss Re hands Patrick Roder Head Casualty Underwriting role for EMEA

2nd May 2023

Global reinsurer Swiss Re has announced the appointment of Patrick Roder as Head of Casualty Underwriting for Regional Markets in Europe, the Middle East and Africa (EMEA). Roder has served as Head of Casualty Research and Development (R&D) since re-joining Swiss Re in July 2021, having previously worked at the reinsurer ... Read the full article

A repricing of nat cats will depend on both short & near-term results: Swiss Re CorSo’s Nusslein

28th April 2023

With the re/insurance industry having faced two of the costliest events on record within the last year, through both hurricane Ian and the recent earthquakes that struck Turkey, Swiss Re Corporate Solutions’ Head Innovative Risk Solutions Americas, Bob Nusslein, explained in an interview with Reinsurance News about how the global ... Read the full article

Swiss Re reimagines the uses of AI for the re/insurance industry

28th April 2023

The report “Decrypting AI for Insurance” written by Swiss Re's Group's Chief Digital & Technology Officer, Pravina Ladva has outlined ways in which AI could help achieve the industry’s long-term goals and takes a deep dive into the immediate benefits of AI that can be taken into consideration. Ladva tries to ... Read the full article

Sergio Ermotti to step down as Swiss Re Chairman on April 30th

27th April 2023

After completing the agreed handover period, Sergio Ermotti will step down as Chairman of reinsurance giant Swiss Re on April 30th, 2023, in order to fully focus on his role as CEO of UBS. In was revealed in late March that Ermotti had been named as Group CEO and President of ... Read the full article

Swiss Re proposes solutions for physical asset undervaluation

26th April 2023

Mohit Pande, Head of Property Underwriting for US & Canada at global reinsurer Swiss Re, has warned of the pervasive challenge of inadequate valuations of physical assets for property policies, and has proposed some potential solutions to the issue. Undervaluation of assets results in a shortfall of premium collected, which in ... Read the full article

Swiss Re partners with insurtech Benekiva on digital claims management

25th April 2023

Swiss Re Reinsurance Solutions has formed a strategic partnership with Des Moines-based insurtech Benekiva to develop an integrated claims management platform. The partnership will aim to combine Benekiva's claims administration system with Swiss Re's Claims Automated Rules Engine and expertise in risk management. The Integrated Claims Management Platform will support digital claims ... Read the full article

Private, public sector strikes in Europe pose ‘minor’ hit to GDP: Swiss Re Institute

24th April 2023

Europe's ongoing public and private sector strikes for pay are projected to cause only a "minor and temporary" setback to real GDP growth, according to Swiss Re Institute. The tight labour markets are aiding worker and union bargaining power, leading to nominal wage growth, while the overall gross property and casualty ... Read the full article

Swiss Re expects US P&C industry to improve ROE in 2023, 2024

20th April 2023

Global reinsurer Swiss Re has forecasted that the US property and casualty (P&C) industry will experience significantly better return on equity (ROE) in 2023 and 2024 compared to 2022. Swiss Re expects the ROE to reach 8.0% in 2023 and 9.5% in 2024, driven by higher premium rates and investment yields. "Compared ... Read the full article

Swiss Re names CRO of Reinsurance Global Clients, Solutions & iptiq

20th April 2023

Global reinsurance giant Swiss Re has promoted Stefanie Stratos to Global Chief Risk Officer of Reinsurance Global Clients, Client Solutions and iptiQ - Swiss Re´s digital B2B2C insurer. Based in New York, Stratos is a renowned veteran within the industry, having worked at Swiss Re for over 26 years. She joined the ... Read the full article

Swiss Re appoints Mohit Pande as Chief Underwriting Officer, Property

20th April 2023

Global reinsurance giant Swiss Re has appointed Mohit Pande as Chief Underwriting Officer, Property. Based in New York, Pande brings more than 20 years of industry experience towards his new role, 17 of which he has spent working at Swiss Re. Pande joined Swiss Re in 2005 as Vice President, Natural Hazards. ... Read the full article

Swiss Re names Santiago Arechaga Head P&C Southern Europe

19th April 2023

Santiago Arechaga has been named Head P&C Southern Europe for Swiss Re, a new position he will hold alongside his role as CEO Iberia. Madrid-based Arechaga joined Swiss Re in 2018 as CEO Iberia. Prior to that he worked for 11 years at AEGON Spain holding a number of positions. His first ... Read the full article

Swiss Re predicts prolonged challenges for commercial real estate

18th April 2023

Analysts at Swiss Re Institute have warned that pressure in the office sector and tighter lending standards are challenging US commercial real estate, contributing to the weaker economic growth outlook and financial sector vulnerability. While the pressures are unlikely to pose systemic risks, the reinsurer does expect the correction to last ... Read the full article

Youi Insurance hires Swiss Re’s Laura Wood as Head of Reinsurance

18th April 2023

Youi Insurance, an Australian-based insurance company has appointed Swiss Re’s Laura Wood as Head of Reinsurance. An experienced veteran within the industry, Wood brings 18 years of expertise towards her new role, having worked within re/insurance and broking across most of the industry’s key markets around the globe and across many ... Read the full article