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 partners with automotive tech firm Luminar
1st March 2023
Reinsurance giant Swiss Re and automotive tech firm Luminar have partnered to advance assisted driving and improve safety while reducing the costs of consumer adoption. Luminar notes that the first step of the joint initiative is to analyse the on-road performance and safety improvements of consumer and commercial vehicles equipped with ... Read the full article
Swiss Re names Monica Ningen CEO of US P&C Reinsurance
20th February 2023
Reinsurance giant Swiss Re has appointed Monica Ningen as CEO of US P&C Reinsurance, with Jolee Crosby set to take over Ningen’s former role as President & CEO of Swiss Re Canada & English Caribbean. As the new head of US P&C, Ningen will lead a team of client managers, claims ... Read the full article
Pricing in climate change a “complete priority” for Swiss Re: Mumenthaler
17th February 2023
Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re, has asserted that adequately pricing in the effects of climate change to its policies is a “complete priority” for the reinsurer. His comments came as part of a media call held alongside the release of Swiss Re’s results for 2022, during which ... Read the full article
Swiss Re reports dip in net income amid economic inflation & large nat cats
17th February 2023
Global reinsurance giant Swiss Re has today announced net income of $472 million for the full year 2022 compared with $1.4 billion a year earlier, as the impact of economic inflation on expected claims impacted its P&C businesses, and large natural catastrophe losses exceeded expectations at $2.7 billion. The group's full ... Read the full article
Interest rate rises signal relief for re/insurers’ returns: Swiss Re
10th February 2023
Analysts at Swiss Re have reported that a move towards monetary policy normalisation is positive for re/insurers, as investment income is a key driver of earnings for the sector. However, they add that higher interest rates and less bond market intervention by central banks could also mean a return to a ... Read the full article
Swiss Re’s Mike Mitchell set to leave the company in late 2023
9th February 2023
Mike Mitchell, Head of Property & Specialty UW at reinsurance giant Swiss Re, has announced that he will be leaving the firm towards the end of the year. In a statement, Mitchell said that he has agreed with Swiss Re to help complete the July 1st renewals before he departs later ... Read the full article
Swiss Re partners with SBLI on automated claims experience
7th February 2023
Reinsurance giant Swiss Re has partnered with The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) to offer customers Swiss Re’s Automated Claims Experience solution. The reinsurer's automated claims experience is a digital tool that guides beneficiaries through the claims process. Swiss Re's tool uses simple empathetic language, which is designed ... Read the full article
Swiss Re targets improved efficiency with simpler set-up
2nd February 2023
Swiss Re, one of world's largest reinsurers, has announced plans to streamline its organisational structure, which includes splitting its Reinsurance Business Unit into P&C Re and L&H Re. Subject to regulatory approvals, the changes are effective April 3rd, 2023, and designed to simplify structures and improve efficiency and client experience. The new ... Read the full article
Swiss Re CorSo extends UNIQA agreement on intl. programs
31st January 2023
Swiss Re Corporate Solutions, the commercial direct risk underwriting arm of Swiss Re, has announced that it will provide PULSE & Network to the UNIQA Group. With PULSE & Network, Swiss Re Corporate Solutions is offering UNIQA a single online platform to manage and deliver structured international programmes. This is supplemented with ... Read the full article
Customers are ready for telematics motor insurance products: Swiss Re
30th January 2023
There is a significant target market for telematics motor insurance products, a recent survey by IoT Insurance Observatory and the Automotive and Mobility Solutions team at Swiss Re has confirmed. Telematic insurance products have been going through years of development and refinement, despite this they are not mainstream yet, Swiss Re ... Read the full article
Swiss Re’s iptiQ and Candid announce partnership
30th January 2023
UK-based insurtech Candid and Swiss Re’s iptiQ have entered into a distribution partnership to provide affordable and accessible life insurance solutions to UK customers. This strategic partnership harnesses Candid's leading position in distributing life insurance products to UK customers and iptiQ’s cutting-edge digital B2B2C insurance platform, combined with its underwriting expertise. According ... Read the full article
Analysts see Thierry Léger appointment as positive for SCOR, negative for Swiss Re
27th January 2023
Analysts at JP Morgan see the recent appointment of Thierry Léger as Chief Executive Officer (CEO) as a positive for SCOR in light of his strong track record of fixing issues, although the loss of his capabilities as Chief Underwriting Officer (CUO) is seen as a negative for Swiss Re. Read the full article
SCOR hires Swiss Re CUO Léger as its new CEO
26th January 2023
Thierry Léger, who has served as the Group Chief Underwriting Officer (CUO) of global reinsurer Swiss Re since 2020, has been named as the new Chief Executive Officer (CEO) of French reinsurer SCOR, effective May 1st, 2023. Léger has been with Swiss Re, one of the world's largest reinsurers, for 25 ... Read the full article
Stresses of 1/1 should disappear at later renewals: Swiss Re’s Mitchell
23rd January 2023
Mike Mitchell, Head P&S Underwriting Reinsurance at Swiss Re, has assured that some of the stresses of the January reinsurance renewal should “disappear” during the later renewal periods this year, even as efforts to rebalance market dynamics continue. Mitchell and Gianfranco Lot, Head Globals Reinsurance at Swiss Re, recently shared their ... Read the full article
“Monumental” climate adaptation needs require partnerships: Swiss Re’s Scotti
23rd January 2023
Veronica Scotti, Chairperson Public Sector Solutions at Swiss Re, has urged the private business sector to work more closely with governments and other public sector bodies to meet the “monumental” adaptation needs of climate change. Writing in a Swiss Re blog, Scotti asserted that “adaptation needs are so widespread and so ... Read the full article
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