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 Corporate Solutions acquires TMS Re
7th January 2022
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has acquired TMS Re, an ESL managing general underwriter. The transaction includes TMS Re's operations, its team of experts and business portfolio, including new and renewal business. Through this arrangement, Swiss Re Corporate Solutions broadens its ESL capabilities in the ... Read the full article
KBRA sees opportunity for Swiss Re to invest more into Granular
29th December 2021
Analysts at KBRA have suggested that there is an opportunity for Swiss Re to invest additional capital into Granular Insurance Company, a recently established precision risk company created by Verily. Granular is an accident and health insurer that focuses on an precision risk-based employer stop-loss (ESL) market, which was set up ... Read the full article
Climate change hit to supply chains will last longer than COVID-19: Swiss Re’s Ojeisekhoba
23rd December 2021
Moses Ojeisekhoba, Chief Executive Officer (CEO) for Reinsurance at Swiss Re, has warned that climate change will have a longer-lasting impact to global supply chains than has been seen from COVID-19. Supply chains around the world have been negatively impacted by the global COVID-19 coronavirus pandemic, driving inflationary fears and resulting ... Read the full article
Definity adds former Swiss Re Group CUO Schmid to Board
22nd December 2021
Multi-channel insurance carrier, Definity Financial Corporation, has added Edouard Schmid, formerly the Group Chief Underwriting Officer (CUO) of reinsurance giant Swiss Re, to its Board of Directors. Swiss Re Investments Holding Company Ltd, part of the global reinsurer which nominated Schmid to the Board, holds approximately 9.9% of Definity's common shares. Schmid ... Read the full article
Swiss Re promotes Ladva to Chief Digital & Technology Officer
16th December 2021
Global reinsurer Swiss Re has appointed Pravina Ladva as Chief Digital & Technology Officer, whilst also adding her to the group's Executive Committee. Ladva is currently Swiss Re’s Group Digital Transformation Officer, a role she has held since July 2020. Prior to this, she served as Chief Technology and Operations Officer for ... Read the full article
Swiss Re among investors in $1.4bn FWD capital raise
14th December 2021
Pan-Asian life insurer FWD Group Holdings Limited has announced that it has entered into subscription agreements with a number of investors, including reinsurer Swiss Re. Together, the investors agreed to participate in private placements which are to raise US $1.425 billion in aggregate. The private placements will take the form of cash ... Read the full article
Re/insured losses from catastrophes to hit $112bn in 2021, says Swiss Re
14th December 2021
Swiss Re has estimated that insurance and reinsurance industry losses from natural catastrophe events in 2021 has increased to $105 billion, with man-made disasters resulting in an additional $7 billion of losses. According to Swiss Re Institute's preliminary sigma estimates, this is the fourth highest annual insured loss bill from nat ... Read the full article
Litigation funding driving social inflation, Swiss Re warns
10th December 2021
In a recent report, Swiss Re has warned that third-party litigation finance (TPLF) is a major contributing factor to the trend of social inflation in the US, which is having a knock-on effect on the price and availability of many insurance covers. Swiss Re notes that the US is the centre ... Read the full article
Swiss Re to sell elipsLife to Swiss Life International
10th December 2021
Swiss Re has announced plans to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new business. elipsLife is an insurance company for institutional clients such as pension funds, collective foundations, companies, and associations. The company ... Read the full article
Latest COVID wave poses milder economic threat: Swiss Re
6th December 2021
With many parts of Europe currently experiencing a winter resurgence in COVID-19 cases and restrictions, analysts at Swiss Re have assured that this latest wave of the pandemic represents a less severe threat to economic activity than previous ones. The reinsurer’s optimism primarily stems from higher population immunity in affected countries, ... Read the full article
John Chen to step down as President of Swiss Re China
3rd December 2021
Reinsurer Swiss Re has announced that John Chen has decided to retire from his role as President of Swiss Re China and General Manager of the Beijing Branch. Chen will step down as of January 31, 2022, following five years at Swiss Re. Swiss Re has asked Brian Han, Deputy Head of ... Read the full article
Severe stagflation scenario would hurt insurers, warns Swiss Re
30th November 2021
Analysts at Swiss Re have warned that a severe ‘stagflation’ event, similar to that seen in the 1970s, would hurt re/insurers due to weakening premium revenues and poor investment returns. The reinsurer defines stagflation as persistently high inflation coinciding with weak economic growth and high unemployment. A surge in US Consumer Price ... Read the full article
Swiss Re targets enhanced user experience with TCS partnership
24th November 2021
Global reinsurer Swiss Re has broadened its partnership with international IT services, consulting, and business solutions organisation, Tata Consultancy Services (TCS), in an effort to drive greater collaboration and innovation across the business. TCS is part of the Tata group, India's largest multinational business group, and also a Microsoft Gold Partner, ... Read the full article
Swiss Re & Baidu partner on autonomous driving insurance
19th November 2021
Global reinsurance giant Swiss Re and Chinese tech giant Baidu have partnered to advance insurance and risk management for autonomous driving and autonomous vehicles. The companies announced this morning that Swiss Re will work with the technology firm to provide risk management expertise and innovative insurance products for Baidu’s autonomous driving ... Read the full article
Global non-life premiums to rise 7.1% by 2024, Swiss Re’s Sigma report predicts
17th November 2021
Swiss Re Institute, a subsidiary of the reinsurance giant, has predicted global non-life premiums to rise 7.1% by 2024, with improved property-catastrophe and casualty rates seen as driving factors. Meanwhile, the firm's long-running Sigma report expects life premiums to increase 5.6% globally in the same period. Higher risk awareness and strong demand ... Read the full article