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.

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

Digital platform growth an opportunity to close protection gaps: Swiss Re

22nd December 2020

The growing use of e-commerce and digital wallet apps in emerging markets such as India, Indonesia and Malaysia represents an opportunity for re/insurers to make progress in closing protection gaps, Swiss Re says. A new survey by the Swiss Re Institute found that supportive government policies and a COVID-enforced spike in ... Read the full article

Industry cat losses totalled $83bn this year, says Swiss Re

15th December 2020

Swiss Re has estimated that insurance industry losses from natural catastrophes and man-made disasters amounted to a total of $83 billion in 2020, making it the fifth-costliest year since 1970. Losses were primarily driven by a record number of severe convective storms, Swiss Re data shows, as well as wildfires in ... Read the full article

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