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 reveals changes to reinsurance leadership

17th August 2021

Global reinsurance giant Swiss Re has announced the appointment of Jason Richards as Country President and Chief Executive Officer (CEO) UK & Ireland, as Julie Stephenson takes on the role of Global Head of Casualty. Richards takes on his new role from January 1st, 2022, and will be responsible for driving ... Read the full article

Global insured cat losses hit $42bn in the first half of 2021: Swiss Re’s Sigma report

12th August 2021

Natural catastrophe losses for the first half of 2021 has reached $40 billion, driven by a deep winter freeze, hailstorms and wildfires, according to Swiss Re Institutes' preliminary sigma report. This is above the previous ten-year average and is only exceeded by H1 2011, when major earthquakes in Japan and New ... Read the full article

Swiss Re CorSo adds AIG’s Blattner-Hoyle to Global Credit & Surety unit

10th August 2021

Swiss Re Corporate Solutions has appointed Marilyn Blattner-Hoyle to its global credit & surety unit as Global Head of Trade Finance. Effective 18 August, Blattner-Hoyle will oversee origination and underwriting activities across the company’s trade finance portfolio. She will focus on the development of growth opportunities, implementation of our business strategy and ... Read the full article

Connected Insurance partners with Swiss Re on cyber protection

3rd August 2021

Insurtech firm Connected Insurance (CI) has partnered with Swiss Re to launch an embedded cyber protection that offers personal cyber insurance to individuals and families. The product, called The Digital-Life Insurance, will provide risk prevention tools that help consumers protect themselves and their electronic devices against cyber-attacks. "We have redesigned the traditional ... Read the full article

Inflationary surge to increase claims severity in property lines: Swiss Re

2nd August 2021

Strong recovery from last year's recession and supply-chain shortages is driving a surge in inflation, and will cause an increase in claims severity for property lines in the short term, according to Swiss Re. The latest Economic Insights report from Swiss Re forecasts a temporary 10% gain in home construction prices, ... Read the full article

COVID-19 a “bad awakening” for event cancellation, says Swiss Re CEO

30th July 2021

The COVID-19 pandemic served as a "bad awakening" for the event cancellation sector and going forwards, is one line of business that will have to fundamentally change, according to Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re. As COVID-19 started to spread around the world in the early months of ... Read the full article

Swiss Re returns to profit as P&C improvement offsets COVID-related L&H loss

30th July 2021

Global reinsurance giant Swiss Re has reported net income of $1 billion for the first half of 2021, as an improved performance in its property and casualty (P&C) business more than offset a COVID-19 driven loss in its life and health (L&H) reinsurance division. Swiss Re's H1 2021 Group-wide profit would ... Read the full article

Swiss Re names Nagarajan Head of Client Markets P&C

29th July 2021

Reinsurer Swiss Re has appointed Balasubramanian Nagarajan as Head of Client Markets Property & Casualty. Nagaraja will also assume the position of Head of Swiss Re Asia’s Malaysia Branch, succeeding Marcel Omar Papp, who has been in the role for the last three years. In his new role, Nagaraja will aim to ... Read the full article

LifeSecure enters partnership with Swiss Re’s iptiQ

29th July 2021

LifeSecure Insurance Company has announced it has entered into a strategic partnership with Swiss Re’s iptiQ. The partnership’s aim is to simplify the life insurance buying experience by launching simplified issue final expense and term life insurance products, which will mark LifeSecure's first expansion into the life market. Patrick Prichard, LifeSecure president ... Read the full article

Swiss Re CorSo names new Head of Distribution Management, EMEA

26th July 2021

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has appointed Caroline Pritchard as Head of Distribution Management Europe, Middle East & Africa. Pritchard will assume her new role next month, in addition to her current role as Head Distribution Management UK. She will continue to be based in ... Read the full article

Society will not meet climate targets without investor action: Swiss Re

23rd July 2021

Reinsurer Swiss Re has warned that society will fail to reach the Paris Agreement target of limiting global warming without more action from investors and other financial market players. As part of its latest Responsible Investments publication, Swiss Re stressed that long-term investors have “an important role to play in achieving ... Read the full article

Swiss Re names Anna Lee as Head of Client Markets, Hong Kong & Taiwan

21st July 2021

Global reinsurance giant Swiss Re has appointed Anna Lee as Head of Client Markets, Hong Kong & Taiwan, succeeding Xinmei Zheng. Lee’s position will come into effect in September, and will continue as Head of New Business Development for Property & Casualty (P&C) Reinsurance SID, focusing on building and developing new ... Read the full article

Economic case for net zero is “irresistible”: Swiss Re’s Fürer

20th July 2021

As the world emerges from the COVID-19 pandemic and turns its attention back towards the impending threat of climate change, Swiss Re’s Chief Investment Officer (CIO), Guido Fürer, has said that the economic case for moving towards net zero carbon emissions is “irresistible." Speaking at Swiss Re's 2021 Media Day lasat ... Read the full article

Swiss Re predicts strong 5.8% global GDP growth in 2021

14th July 2021

Swiss Re is expecting a strong global economic recovery from COVID-19 to result in historically high global gross domestic product (GDP) growth of 5.8% in 2021. Global insurance premiums are set to follow this strong growth, increasing by an expected 3.3% in 2021 to a total of $6.9 trillion. The report ... Read the full article

Swiss Re & Milliman partner to deliver simplified flood offering

14th July 2021

Global reinsurance giant Swiss Re has partnered with Milliman, Inc. to deliver a new simplified flood solution via the latter's open advisory and rating organization, Milliman Appleseed. Developed by Swiss Re, the new flood offering has been designed to provide flexible coverage for low and moderate flood risks. According to the pair, ... Read the full article

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