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 promotes Dua to Chief InfoTech & Data Officer, Reinsurance

9th March 2021

Reinsurance giant Swiss Re has added Samrat Dua to the newly created role of Chief InfoTech and Data Officer for Reinsurance and as a member of the Reinsurance Management Team, effective April 12th, 2021. In his new role, Dua and his team will be tasked with advancing the tech and data ... Read the full article

Swiss Re’s Haegeli calls for more “long-term vision” in response to COVID

2nd March 2021

Jerome Jean Haegeli, Group Chief Economist at Swiss Re, has argued that the COVID-19 pandemic has exposed the need for “more long-term vision” from both governments and corporations around the world. Haegeli called the crisis a “wake-up call” that has brought to light fundamental deficits in sustainable and resilience-driven ways of ... Read the full article

Swiss Re targets advanced flood risk management with ICEYE partnership

2nd March 2021

Global reinsurer Swiss Re has advanced its natural catastrophe services via a new strategic partnership with ICEYE, the world's largest commercial synthetic-aperture Radar (SAR) satellite operator and flood monitoring provider. Building on ICEYE's technology, the new partnership aims to advance flood risk management, assist disaster response and speed up claims payments ... Read the full article

As the world reopens, event cancellation coverage will be an issue: Mumenthaler, Swiss Re

19th February 2021

The significant and unexpected impacts of the global COVID-19 pandemic on the property and casualty (P&C) space suggest that once the world reopens, event cancellation coverage will either be very expensive or excluded altogether, according to Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re. In announcing its full-year 2020 ... Read the full article

Swiss Re falls to net loss for 2020 as COVID claims & reserves hit $3.9bn

19th February 2021

Global reinsurance giant Swiss Re has reported a Group net loss of $878 million for 2020 as COVID-19 claims and reserves increased to $3.9 billion across the business. Excluding the impacts of the pandemic, and Swiss Re's net income amounted to $2.2 billion for the year, which is a significant increase ... Read the full article

Swiss Re CorSo appoints Andrew Dougall to lead global casualty

17th February 2021

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has appointed Andrew Dougall as Global Head Casualty. Effective 22 February, Dougall will be responsible for driving the success and overall profitability of the bespoke casualty portfolio globally. He will also lead a global team of underwriters and work with ... Read the full article

Importance of alternative reinsurance capital growing for Swiss Re: ILS NYC 2021

16th February 2021

At Swiss Re, alternative, or third-party reinsurance capital has become an increasing part of the reinsurance giant's capital management strategy, and as the insurance-linked securities (ILS) asset class looks to longer-tail classes, the firm is focused on finding ways to transfer risk efficiently. This is according to Judy Klugman, Global ... Read the full article

Swiss Re partnership targets breakthrough in life insurance underwriting

2nd February 2021

Swiss Re is partnering with health data specialist Diameter Health on a scalable solution that leverages electronic clinical health data for life insurance underwriting. It’s hoped the partnership will transform complex clinical electronic health data into organised, usable information thus accelerating Swiss Re’s efforts to help life insurers improve the speed ... Read the full article

Swiss Re CorSo names Melanie Slack Head UK, Ireland, SA & EMEA Wholesale

1st February 2021

Reinsurance giant Swiss Re's commercial insurance arm, Swiss Re Corporate Solutions (Swiss Re CorSo), has named Melanie Slack as Head UK, Ireland, SA & EMEA Wholesale, effective May 1st, 2021. Slack joined Swiss Re back in 2001, where she gained global experience in numerous senior management roles in underwriting, internal audit, ... Read the full article

Swiss Re appoints Mahansaria client market head of L&H, India

1st February 2021

Swiss Re has announced the appointment of Sunayana Mahansaria as head of client markets life & health in India. Mahansaria will be based in Mumbai and joins with over a decade's leadership and actuarial experience across India's reinsurance and direct insurance sectors. She will now lead Swiss Re's life & health business with a ... Read the full article

Swiss Re’s Mumenthaler confident in 2050 net zero target

27th January 2021

Swiss Re CEO Christian Mumenthaler has said he has “high hopes” that companies in the World Economic Forum’s (WEF) Alliance of CEO Climate Leaders can reach their target of net zero carbon emissions by 2050. Speaking in an interview with CNBC, Mumenthaler explained that the hardest challenge of the net zero ... Read the full article

Olympics cancellation loss could be “mind-blowingly large”, say reports

27th January 2021

Global insurers and reinsurers are facing a loss of up to as much as $3 billion if the rescheduled Tokyo Olympics are cancelled, according to reports. At a loss of between $2 billion - $3 billion, cancellation of the event would drive the largest ever claim in the global event cancellation ... Read the full article

Swiss Re’s net loss forecast to hit $389mn in 2020, says Berenberg

20th January 2021

Berenberg is anticipating Swiss Re to register a net loss of $389 million for 2020, up from the previous $178 million estimate, with COVID-19 claims driving the earnings downgrade for the year. It's worth noting that while this analysis applies directly to Swiss Re, the widespread nature of COVID-19 could result ... Read the full article

Third-party capital & ILS assets rise in 2020 as market shows signs of recovery

14th January 2021

Third-party reinsurance and insurance-linked securities (ILS) assets under management (AuM) of the top-ten ILS fund and third-party reinsurance capital managers increased to more than $61 billion through H2 2020, led by Nephila Capital, LGT ILS Partners, Fermat Capital Management, and Leadenhall Capital Partners. Data featured in the Artemis Insurance ... Read the full article

Swiss Re sees short-term health insurance as growth driver in China

12th January 2021

A new report from Swiss Re has identified short-term health insurance as a growth driver for non-life re/insurers operating in China. According to data from Swiss Re, short-term health insurance premiums rose by 35% in China during the first 11 months of 2020, boosted by digital sales and risk-conscious consumers with ... Read the full article