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 to launch central cyber underwriting team

2nd September 2021

Global reinsurer Swiss Re is set to create a central cyber underwriting team, led by AXA XL's John Coletti, that will assume responsibility for group's product development and underwriting activities in the space. Coletti will join Swiss Re as Head of Global Cyber in early October and previously served as the ... Read the full article

Europe’s major reinsurers grew 11% at mid-year 2021 renewals: Litmus Analysis

2nd September 2021

Europe's four major reinsurers renewed roughly €12 billion of treaty premium at the mid-year 2021 reinsurance renewals, with an average risk-adjusted price increase of 2.1%, according to research from Litmus Analysis. The €12 billon of renewed treaty premium represents growth of 11%, which is an improvement on the 5% growth recorded ... Read the full article

Swiss Re to invest $200mn in Economical Insurance’s new parent Definity: report

1st September 2021

Global reinsurer Swiss Re is set to invest USD 200 million in a new parent company called Definity, which prior to the closing of its initial public offering (IPO) will oversee Economical Insurance following the completion of its demutualization, according to reports. Definity Financial Corporation is a newly-created entity incorporated under ... Read the full article

Swiss Re in carbon removal agreement with Climeworks

25th August 2021

Reinsurer Swiss Re has signed a ten-year purchase agreement with Climeworks, a specialist in carbon dioxide air capture technology, to tackle climate change using direct air capture and storage of carbon dioxide. Worth $10 million over the ten years, Swiss Re hopes the collaboration will help it to achieve its goal ... Read the full article

Data is key to unlocking uninsurable risks: Swiss Re’s Mumenthaler

25th August 2021

Christian Mumenthaler, Chief Executive Officer (CEO) at Swiss Re, has argued that data and digitalisation will be key levers for re/insurers to tackle ‘uninsurable’ risks and reduce the global protection gap. Writing as part of a recent blog post, the Swiss Re executive noted that the pandemic has exacerbated the growing ... Read the full article

Swiss Re’s iptiQ hires Darren Coomer as CTOO

24th August 2021

Global reinsurer Swiss Re has appointed Darren Coomer as Chief Technology and Operations Officer (CTOO) at iptiQ, its digital Life & Health and Property & Casualty insurance platform as well as its B2B2C provider of bespoke insurance solutions. He joins iptiQ from the S&A Group, a UK based technology and business ... Read the full article

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