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 partnerships tackle aversion to insurance buying: Mumenthaler
11th December 2020
According to CEO Christian Mumenthaler, Swiss Re’s new partnerships with industrial partners such as Daimler and Ikea aim to overcome people’s natural aversion to buying insurance policies. Speaking in an interview with German publication Handelsblatt, Mumenthaler explained that packaging insurance in with products sold by other companies helps consumers to avoid ... Read the full article
US social inflation amid the COVID-19 recession here to stay, says Swiss Re
9th December 2020
Global reinsurer Swiss Re expects social inflation to continue pushing up loss costs in US excess liability and reinsurance. Analysts note how social inflation has spread across commercial casualty lines in recent years due to non-economic drivers that include the trial bar's use of psychology-based strategies, litigation funding and inequality. The effects ... Read the full article
Swiss Re CorSo names Emmanuelle Huard-Auray as Head E&C, North America
9th December 2020
Reinsurance giant Swiss Re's commercial insurance arm, Swiss Re Corporate Solutions (Swiss Re CorSo), has announced the appointment of Emmanuelle Huard-Auray as Head Engineering & Construction (E&C) North America. Based in Chicago and reporting to Michael LaRocca, Head Property & Specialty North America, Huard-Auray takes on responsibility for driving the ... Read the full article
Swiss Re’s iptiQ leads investment round for insurtech Getsafe
8th December 2020
IptiQ, global reinsurance giant Swiss Re's digital B2B2C provider of bespoke insurance solutions, recently led insurtech Getsafe's Series B funding round, in which the digital insurer raised an additional $30 million. This latest funding round takes the firm's total funding to $53 million, which makes it one of Europe's best funded ... Read the full article
Swiss Re’s Kleiterp urges re/insurers to share tech insights
7th December 2020
Fred Kleiterp, Regional CEO for the EMEA region at Swiss Re Corporate Solutions, has expressed optimism about the prospects for the global re/insurance industry if it is able to “work together and share technology to innovate.” Kleiterp noted that re/insurers currently face significant challenges in trying to quantify risks in parts ... Read the full article
Swiss Re urges more detailed public financial reporting
2nd December 2020
A new report by Swiss Re Institute has called for countries to provide a more detailed picture of their ‘net worth’ that would give investors, including re/insurers, more visibility into their fiscal capacity and resilience. According to the report, integrated public financial reporting that includes insights on national assets and liabilities ... Read the full article
Re/insurers misjudged pandemic response: Swiss Re’s Mumenthaler
1st December 2020
According to Swiss Re CEO Christian Mumenthaler, the re/insurance industry vastly underestimated the cost of a global pandemic due to its failure to account for the extent of government lockdown measures. Speaking in an interview with the Financial Times, Mumenthaler acknowledged that re/insurer models had misjudged just how far governments around ... Read the full article
Swiss Re targets nat cat portfolio growth with ILS fund launch
30th November 2020
Reinsurance giant Swiss Re is looking to expand its risk-sharing platform and strengthen its strategic partnership with third-party capital providers with the launch of a new standalone fund company, which enables investors to access the firm's natural catastrophe business. Swiss Re Insurance-Linked Investment Management Ltd (SRILIM), a subsidiary of Swiss Re, ... Read the full article
Swiss Re CorSo names Manuela Baroncini as Global Head E&C
27th November 2020
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has announced the appointment of Manuela Baroncini as Global Head Engineering & Construction (E&C), effective March 1st, 2021. In her new role, she will be based in London and will report to Martin Hegelbach, Head Property & Specialty. Baroncini takes ... Read the full article
Swiss Re’s Magnum solution adopted by FWD Fuji Life
24th November 2020
Swiss Re has announced that its automated underwriting solution, Magnum, has been adopted by Japanese life insurer FWD Fuji Life Insurance Co. FWD Fuji Life is the first life insurer in Japan to adopt the solution, which it believes will enable a faster, paperless customer experience. Using Magnum, customers will be able ... Read the full article
Swiss Re CorSo names Tina Baacke as Global Head Risk Engineering Services
24th November 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurance giant Swiss Re, has announced that Tina Baacke is set to succeed Martin Schürz as Global Head Risk Engineering Services, effective January 1st, 2021. In her new role, Baacke takes on responsibility for leading a global team of ... Read the full article
Swiss Re expects P&C Re underwriting performance to improve in 2021
20th November 2020
Global reinsurance giant Swiss Re has said that it expects its property and casualty reinsurance (P&C Re) normalised combined ratio to improve to 96% or less in 2021, as the firm pursues targeted growth in a hardening marketplace. The Switzerland-based reinsurer is holding its Investor Day today, during which the company ... Read the full article
Swiss Re appoints Agis Kitsikis as Head of Client Markets
17th November 2020
Global reinsurer Swiss Re has announced the appointment of Agis Kitsikis as Head of Client Markets P&C for Canada and English Caribbean. Kitsikis’ role will start immediately and he succeeds Stefan Behr, who recently accepted the position as Swiss Re's Head of Business Development for EMEA. In his role Kitsikis will lead ... Read the full article
We need to refuel fiscal & monetary tanks, then upgrade the engine: Swiss Re’s Haegeli
13th November 2020
The impact of the ongoing COVID-19 pandemic has emptied global monetary and fiscal tanks and once refuelled, it would be wise to upgrade the engine, according to Swiss Re’s Chief Economist, Jérôme Jean Haegeli. Speaking with Reinsurance News around the launch of Swiss Re’s latest sigma publication, Haegeli stressed that it’s important to ... Read the full article
Pandemic shock less severe than feared for re/insurers: Swiss Re
11th November 2020
A new sigma study by Swiss Re is forecasting global insurance premium growth of 3.4% in real terms in 2021, following a contraction of 1.4% this year due to the impact of the COVID-19 pandemic. The decline was less severe than the 2.8% drop predicted by Swiss Re earlier this year, ... Read the full article
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