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.
US long-dated yields rise amidst global factors, unlikely bond crisis: Swiss Re
17th August 2023
In a recent analysis by Swiss Re Institute, experts suggest that the recent surge in longer-dated US government bond yields is not indicative of an impending bond crisis or concerns over US credit worthiness. Instead, the driving forces behind the increase in yields are rooted in global factors, including inflation persistence ... Read the full article
Swiss Re partners with One Concern to reveal nat cat business interruption risk
17th August 2023
Reinsurance giant Swiss Re and One Concern, an AI physical risk company, have announced a strategic partnership that is set to enhance the underwriting and management of nat cat business interruption risk. The partnership between the two companies will see One Concern's Business Interruption Risk Scores and Metrics DNA product become available ... Read the full article
S&P revises Swiss Re outlook to stable from negative on continued performance improvement
16th August 2023
S&P Global Ratings today revised its outlook to stable from negative on Swiss Re and its core subsidiaries, as well as affirmed the ratings on these entities. According to the rating agency, the outlook revision to stable reflects improvements in Swiss Re's underwriting performance since 2021 and its expectation that the ... Read the full article
Reinsurance as a pillar of resilience again becoming more relevant: Swiss Re
7th August 2023
In a letter to Swiss Re's shareholders, Christian Mumenthaler, Group CEO, and Jacques de Vaucleroy, Vice Chairman of the Board of Directors, have suggested that the firm's H2 performance will be heavily influenced by geopolitical risks, inflation, and climate change, demanding that its "cautious optimism be accompanied by vigilance." The pair ... Read the full article
Swiss Re’s nat cat exposure could rise in light of interesting price opportunities: CFO Dacey
4th August 2023
John Dacey, Swiss Re's Group Chief Financial Officer (CFO), said during this morning's media call that the firm's overall exposure to natural catastrophe risks could increase when compared to recent years amid the strong rate environment, although the reinsurer continues to reduce exposure to high frequency events. In its first-half ... Read the full article
Swiss Re’s P&C combined ratio strengthens as net income rises to $1.4bn
4th August 2023
Global reinsurance giant Swiss Re has reported a significant rise in net income to $1.4 billion for the first half of 2023, driven by contained natural catastrophe losses, and a solid performance in all business segments during the period. Group-wide, net income rose substantially from the $157 million recorded in H1 ... Read the full article
Recycling industry struggles with insufficient insurance for circular economy growth: Swiss Re
28th July 2023
A recent report by the Swiss Re Institute titled "What goes around comes around: Insuring the circular economy" highlights the challenges faced by the recycling industry in obtaining sufficient insurance cover, which is crucial for the growth of the circular economy. The report points out that limited insurability poses a threat ... Read the full article
The industry has an obligation to drive the development of ethical AI: Swiss Re’s Ladva
28th July 2023
Looking past the transformative potentials that artificial intelligence (AI) possesses for the re/insurance industry, one major factor still remains: peoples need for risk transfer and mitigation solutions. AI technology may be able to enable new solutions and business models, but it simply cannot alter the "core mission" of the industry, according ... Read the full article
Sutton joins Swiss Re as Head of Sales P&C Reinsurance Solutions
24th July 2023
Martyn Sutton has joined global reinsurer Swiss Re as Head of Sales & Origination P&C Reinsurance Solutions (Americas). The news of Sutton’s appointment comes after Swiss Re announced that, from April 3rd, its reinsurance division was to be split into Property & Casualty Reinsurance (P&C Re) and Life & Health Reinsurance ... Read the full article
Swiss Re structures Blackstone’s first indemnity cat bond
20th July 2023
Swiss Re Capital Markets has successfully structured and placed the issuance of USD 250 million of insurance-linked securities issued with respect to certain real estate funds managed or controlled by affiliates of Blackstone Inc. under Wrigley Re Ltd. This Wrigley Re Ltd. (Series 2023-1) transaction is Blackstone's first indemnity cat ... Read the full article
Swiss Re’s iptiQ & Clark UK to offer over 50s life insurance in the UK
19th July 2023
Clark UK, previously known as Candid, has expanded its strategic partnership with Swiss Re's digital B2B2C insurer iptiQ to offer its own 'over 50s' life insurance for the UK market under the Winston brand. This new product launch builds on the distribution partnership announced by the two companies earlier this ... Read the full article
Growing pressure on insurers as inflation raises concerns over reserve adequacy: Swiss Re
18th July 2023
Mounting uncertainties and increasing pressure on insurers due to inflationary forces, are raising concerns over reserve adequacy in the current economic environment, according to the latest sigma report by Swiss Re Institute. Industry analysts have observed that, excluding workers' compensation, reserve development in the US insurance industry has been unfavourably impacted ... Read the full article
Swiss Re board to propose Jacques de Vaucleroy as Chairman at 2024 AGM
12th July 2023
Global reinsurer Swiss Re's Board of Directors has decided that current Vice Chairman, Jacques de Vaucleroy, will continue to lead the Board and be proposed as the firm's new Chairman at the next AGM in April 2024, following Sergio P. Ermotti's resignation as Chairman on April 30th, 2023. Under the ... Read the full article
Emerging Asia poised to lead global economic growth: Swiss Re
10th July 2023
Emerging Asia is set to become the primary driver of global economic growth in the coming years, according to the latest sigma report by Swiss Re Institute. With China's economy reopening and experiencing a recovery in demand, Swiss Re forecasts emerging Asia to achieve a growth rate of 5.4% in 2023 ... Read the full article
Average ROE of reinsurers in Fitch peer group decreased to 1.2% in 2022
6th July 2023
A group of reinsurers in Fitch Ratings' universe saw their average return on equity (ROE) fall from 8.5% in 2021 to 1.2% in 2022 as mark-downs on investments, high inflation and increased losses from natural catastrophes drove a significant dip in profits. The global reinsurance companies in the peer group are ... Read the full article
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