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 appoints Hadi Riachi CEO of India branch

13th March 2020

Global reinsurance giant Swiss Re has announced the appointment of Hadi Riachi as Chief Executive Officer (CEO) of its India branch, effective April 1st, 2020. Riachi's appointment remains subject to regulatory approvals and sees him takeover from G. Satish Raju, who is to pursue other opportunities outside of Swiss Re. In his ... Read the full article

Swiss Re employees advised to work from home

12th March 2020

Global reinsurer Swiss Re has confirmed a series of measures designed to counter the spread of Coronavirus between its employees. Staff in Beijing, Hong Kong, Shanghai, Singapore, Tokyo, Seoul have been advised to work from home. Employees in the UK are also strongly advised to work from home. Additionally, In line with local ... Read the full article

Swiss Re partners with Microsoft on digital risk center

12th March 2020

Swiss Re has partnered with tech giant Microsoft on the launch of a Digital Market Center to help the re/insurance industry develop large-scale tools to predict and manage risks, and respond with new products. The Digital Market Center will draw on Microsoft’s Azure cloud technologies, as well as its internet of ... Read the full article

Coronavirus to trigger global recession in 2020, warns Swiss Re

11th March 2020

Swiss Re Institute has said it is expecting to see a global recession in 2020 as the coronavirus outbreak continues to cause major disruption around the world, putting pressure on already weak economic resilience. Analysts noted that the recession will likely be mild in a historical context, although economic growth will ... Read the full article

QIC and Swiss Re partner on admin platform Anoud+

5th March 2020

Qatar Insurance Company (QIC), the Middle East and North Africa (MENA) focused insurer, is collaborating with Swiss Re to integrate specialised offerings through its insurance administration platform Anoud+, according to reports from The Peninsula. Developed internally by QIC, Anoud+ will be offered to insurance carriers in emerging markets, helping them to ... Read the full article

Sergio Ermotti to succeed Walter Kielholz as Swiss Re Chairman

3rd March 2020

Global reinsurance giant Swiss Re has revealed that its Board of Directors is to nominate Sergio P. Ermotti for election as a non-executive and independent member of the company's Board at the upcoming AGM on April 17th, 2020. The Swiss Re Board will nominate Ermotti to serve for a one-year term ... Read the full article

Swiss Re highlights Japan’s $1bn Public-Private Partnership opportunity

2nd March 2020

Swiss Re analysis suggests the adoption of Public-Private Partnership (PPP) schemes in Japan’s public assets represents a near $1 billion annual insurance opportunity and would ease the burden on public coffers. Analysts note how PPP adoption in this area would ease pressure on already-stretched public finances, bring private-sector driven efficiencies, and ... Read the full article

Swiss Re reinsurance support helps elipsLife to ratings affirmation: AM Best

25th February 2020

AM Best has affirmed its credit ratings for Elips Life Insurance Company (elipsLife), which it says have been lifted by continued reinsurance and capital support from the company’s parent, Swiss Re. The rating agency upheld its financial strength rating of A (Excellent) and long-term issuer credit rating of ‘a+’ for elipsLife, ... Read the full article

Analysts expect Swiss Re’s capital level to absorb weaker earnings

24th February 2020

Despite reinsurer Swiss Re's net income for 2019 falling below analysts' expectations, S&P Global Ratings has said that it anticipates that the group will maintain its risk-based capital above the 'AA' level. Global reinsurance giant Swiss Re recorded net income of $727 million for 2019, which, although an improvement on ... Read the full article

Gianfranco Lot takes over as Swiss Re’s Head of Globals Reinsurance

21st February 2020

Swiss Re has announced that Gianfranco Lot will succeed Jonathan Isherwood as Head of Globals Reinsurance, following Isherwood’s recent appointment as CEO Reinsurance Americas, Regional President. Lot, who is currently a Client Executive for Globals, will take up his new position and join the Reinsurance Management team on 1 April. He ... Read the full article

Swiss Re extends climate policy to exclude oil & gas

21st February 2020

Swiss Re has announced that it will stop providing re/insurance to, or investing in, the most carbon-intensive oil and gas companies, as part of its sustainability targets. In line with this policy, Swiss Re will gradually cut business support in underwriting and asset management to the world’s 10% most carbon-intensive oil ... Read the full article

Coronavirus not an issue for Swiss Re, industry: CFO John Dacey

20th February 2020

Senior executives at Swiss Re have said that the ongoing coronavirus outbreak is not expected to be a “material issue” for the company, or for the wider re/insurance industry. Speaking during a media call alongside the release of Swiss Re’s 2019 results, Group Chief Financial Officer John Dacey said that ... Read the full article

Swiss Re’s Isherwood named CEO Reinsurance Americas, Regional President

20th February 2020

Swiss Re has revealed that Jonathan Isherwood is to succeed Eric Smith as Chief Executive Officer (CEO) Reinsurance Americas, Regional President and member of the Group Executive Committee. Currently, Isherwood serves as Head of Globals Reinsurance and member of the Reinsurance Executive Committee. He is set to take over as CEO Reinsurance ... Read the full article

Swiss Re’s net income up but P&C combined ratio weakens on losses

20th February 2020

Global reinsurer Swiss Re has reported a 73% rise in net income for 2019 as its Life & Health Reinsurance (L&H Re) result and investment performance offset management actions within its commercial insurance arm, and a Property & Casualty Reinsurance (P&C Re) underwriting loss. For the full year 2019, Swiss Re's ... Read the full article

Swiss Re announces completion of 2019 public share buyback programme

18th February 2020

Global reinsurance giant Swiss Re has announced the completion of the 2019 public share buyback programme of up to CHF 1.0 billion purchase value. The 2019 public share buyback programme was authorised by the Annual General Meeting on April 17th, 2019 and launched on May 6th, 2019. The reinsurer notes that since ... Read the full article