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 sees sustainable growth in cat XoL at attractive rates

7th April 2022

With rates in the catastrophe arena remaining attractive, global reinsurer Swiss Re expects growth in natural catastrophe premiums of around $400 million in 2022, as the company's budget for losses from these events in P&C Re rises to $1.9 billion for the year. During the global reinsurer's 2022 Investor Day, Swiss ... Read the full article

Swiss Re targets further nat cat expansion, higher L&H Re profits

7th April 2022

Global carrier Swiss Re has reiterated how core its reinsurance operations are to its overall strategy, as the company targets a Group return on equity (ROE) of 14%, supported by greater profits in its Life and Health (L&H) business and attractive margins in property and casualty (P&C). At today's Swiss Re ... Read the full article

Swiss Re invests in Climeworks’ $650mn equity round

6th April 2022

Reinsurer Swiss Re has invested in carbon dioxide air capture technology company specialist, Climeworks’ CHF 600 million (USD 650 million) equity round, which marks a major milestone for the company, and an even bigger step for the carbon removal industry. Last August, Swiss Re signed a ten-year purchase with Climeworks ... Read the full article

Allianz & Swiss Re place first legally bound Cat XoL reinsurance DLT-contract, enabled by B3i

6th April 2022

Global insurer Allianz and Swiss Re, an international reinsurance company, have successfully placed the world's first legally bound catastrophe excess-of-loss (XoL) reinsurance contract on distributed ledger technology (DLT), enabled by B3i Re's live production network. The industry-led blockchain initiative, B3i, has been developing and enhancing its platform and solutions for some ... Read the full article

Swiss Re’s iptiQ and Independer launch home insurance and new consumer brand

4th April 2022

Swiss Re´s digital B2B2C insurer iptiQ and Independer, a financial aggregator in the Netherlands, is adding to Dutch home insurance under the new consumer brand Mintley. Home insurance is one of iptiQ's key products, and Independer's understanding of Dutch customers helped to develop a strong proposition tailored to the market. This newly ... Read the full article

Investors advised to oppose Swiss Re chair’s re-election on diversity grounds

30th March 2022

Proxy advisory firm Institutional Shareholder Services (ISS) has urged investors to vote against the re-election of Swiss Re Chair Sergio Ermotti, due to a what it sees as a lack of diversity at the board level, according to reports from the Financial Times. In a new report, ISS criticised the reinsurer ... Read the full article

Floods drive high losses in 2021 as global insured nat cat bill hits $111bn: Swiss Re

30th March 2022

Data from Swiss Re Institute's latest sigma report shows that floods accounted for 31% of global economic losses from natural catastrophes in 2021, yet just 25% of flood risk is covered by insurance. Global economic losses from floods reached $82 billion in 2021, yet insurance and reinsurance industry losses totalled just ... Read the full article

Swiss Re outlines danger of stagflation

25th March 2022

Swiss Re has named stagflation as one of its main downside scenarios in a new note. The reinsurance giant said that it saw stagflation, which it defined as ‘stagnant or declining output alongside higher inflation’, as being a temporary state if it occurred, given that it would be driven mostly by ... Read the full article

US citizens face worsening economic distress: Swiss Re

22nd March 2022

Analysts at Swiss Re expect economic distress to remain elevated for average US citizens over the next year, with increases a real threat as the likelihood of stagflation and recession has substantially risen. In the US, Swiss Re notes that the misery index is now in the highest 20% of readings ... Read the full article

Swiss Re names Ivan Gonzalez as CEO of Reinsurance, China

18th March 2022

Global reinsurance giant Swiss Re has announced that Ivan Gonzalez will serve as the Chief Executive Officer (CEO) of Reinsurance for China and China Country President, where he relocates from New York to Beijing. In his new role, Gonzalez takes on responsibility for all of the firm's reinsurance operations in China. ... Read the full article

Swiss Re reports 2021 economic earnings of $3.8bn

17th March 2022

Swiss Re is reporting economic earnings of $3.8bn in 2021, compared to a loss of $434 million in 2020. The reinsurer said that while its life and ... Read the full article

New Swiss Re climate policy targets shift away from oil & gas

17th March 2022

Swiss Re has announced a new climate policy that includes commitments to shift away from the most carbon-intensive oil and gas production. By 2025, the reinsurer says that half of its overall oil and gas premiums are to come from companies that are aligned with net zero by 2050, and by ... Read the full article

Swiss Re to cease new and renewal business in Russia and Belarus

14th March 2022

Global reinsurance giant Swiss Re has reportedly decided to cease taking on new business with clients in both Russia and Belarus amid the ongoing invasion of Ukraine, according to Reuters. Citing a statement sent via email, Reuters says that Swiss Re, one of Europe's big four reinsurers, is also not renewing ... Read the full article

Swiss Re partners with dacadoo

10th March 2022

Swiss Re has signed a partnership with health and technology company dacadoo to enrich its MyWellLife offering. According to Swiss Re, the MyWellLife platform is a mobile-first, digital engagement platform that acts as a smart health coach. Jolee Crosby, global head of L&H underwriting at Swiss Re, said: “Lifestyle factors are gaining ... Read the full article

Swiss Re and Income partner on longevity agreement

9th March 2022

Swiss Re and composite insurer NTUC Income are to partner on a longevity agreement. According to a press statement, the partnership will help shield Income from future variations in its annuity book, by sharing with Swiss Re any future payments to annuitants who live beyond their age expectancy. It's been described as ... Read the full article