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.
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
Swiss Re warns of worsening economic outlook
8th March 2022
Analysts at Swiss Re have warned of a worsening global economic outlook following the outbreak of the conflict in Ukraine, with stagflation and recession outcomes now considered to be the baseline expectation. Given its energy dependency on Russia, Swiss Re expects the immediate impact to be larger for the euro area ... Read the full article
Swiss Re’s exposure to Russia’s invasion of Ukraine immaterial to modest: CFO Dacey
25th February 2022
John Dacey, the Group Chief Financial Officer (CFO) of global reinsurance giant Swiss Re, said this morning that while it's too early to tell whether there will be losses from Russia's invasion of Ukraine, the firm has immaterial exposure on the asset side of the balance sheet and does not ... Read the full article
Swiss Re appoints Murray and Higginbotham to CEO roles
25th February 2022
Swiss Re has named Paul Murray as its new CEO Reinsurance Asia, Regional Director, and member of the Group Executive Committee, succeeding Russell Higginbotham, who will become the CEO of Reinsurance Solutions. The move, set for 1 April, will see both men report to Moses Ojeisekhoba, CEO Reinsurance. Christian Mumenthaler, group CEO ... Read the full article