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 expected to bolster casualty reserves by $2.1bn: Berenberg

13th October 2023

In a strategic move to fortify its financial position and mitigate the impact of ongoing challenges stemming from its US casualty exposure, Swiss Re is poised to strengthen its casualty reserves by an estimated $2.1 billion in the years 2023-2024, according to a Berenberg report. This move comes in the wake ... Read the full article

Digitalisation drives innovation and new risks in insurance industry: Swiss Re

11th October 2023

The insurance industry is undergoing a digital revolution, opening doors to innovation while simultaneously introducing new risks, according to the latest sigma study, "The economics of digitalization in insurance," by Swiss Re Institute. Digitalisation has allowed insurers to monitor, mitigate, and price risks more efficiently, leading to tailored insurance solutions that ... Read the full article

€1.9m project & risk transfer scheme aims to protect farmers in Uzbekistan

6th October 2023

The Insurance Development Forum (IDF), the United Nations Development Programme (UNDP), the German Government, and the government of Uzbekistan rcecently launched a €1.9 million project to develop and implement a sovereign risk transfer scheme for climate-vulnerable farmers in Uzbekistan. The idea is to create a multi-peril indemnity insurance solution that will ... Read the full article

Leading European insurers underwrite 30% of U.S. coal: Insure Our Future

28th September 2023

According to a new report by Insure Our Future, leading European insurers are underwriting nearly a third of U.S. coal production, despite their net zero commitments. As per the group's report, Lloyd’s of London, Zurich, and Swiss Re are among the top ten insurers of the 25 biggest U.S. mines. Insure Our ... Read the full article

IFRS 17 will be a positive change for Swiss Re L&H: CEO Paul Murray

20th September 2023

IFRS 17 changes create a lot of opportunity for reinsurers to help companies deal with the entwined disruption, suggested Paul Murray, CEO of Life & Health Reinsurance, Swiss Re, speaking with CNBC. Discussing the current outlook of the L&H reinsurance market, Murray told CNBC there are a lot of "tailwinds" at ... Read the full article

Architecture in place, but progress on closing protection gap frustratingly slow: Swiss Re CEO

19th September 2023

Swiss Re, one of the world’s largest reinsurance companies, is passionate about closing the protection gap, and although much of the architecture is in place, progress has been frustratingly slow, according to Chief Executive Officer (CEO), Christian Mumenthaler. The protection gap is the difference between economic and insured ... Read the full article

Swiss Re’s credit rating outlook revised to stable by AM Best

14th September 2023

Credits rating company AM Best has revised its outlook to stable from negative for the Long-Term Issuer Credit Ratings of Swiss Re and its rated operating affiliates, and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of “aa” (Superior). The ratings reflect Swiss Re’s consolidated balance ... Read the full article

Swiss Re Reinsurance Solutions: A partner for more efficiency and innovation

13th September 2023

As the global reinsurance industry meets in Monte Carlo for the 65th edition of the Rendez-Vous de Septembre (RVS), we spoke with the Chief Executive Officer (CEO) of Swiss Re Reinsurance Solutions, Russell Higginbotham, about the division's value proposition and critical differentiators in an evolving industry. Greater efficiency and innovation were ... Read the full article

Cyber insurance is yet to evolve to the same levels as property cat: Swiss Re

12th September 2023

During Swiss Re's press briefing at RVS Monte Carlo 2023, Gianfranco Lot, Swiss Re's Chief Underwriting Officer, Property & Casualty Reinsurance, explained that cyber insurance is yet to evolve to the same levels as property cat. Within their property cat line, the reinsurance giant uses models that allows them to understand ... Read the full article

No big shifts in attachment points expected in the coming renewals: Swiss Re

11th September 2023

Swiss Re is not expecting to see big shifts in attachment point strategy in the coming renewals, said Gianfranco Lot Chief Underwriting Officer P&C Reinsurance, speaking at the company’s annual press meeting in Monte Carlo. “Attachment points have been rising and therefore, the frequency nat cat of losses have been retained, ... Read the full article

Opportunity for Swiss Re to provide additional solutions in commercial & specialty: Higginbotham

11th September 2023

While rising losses from natural catastrophe events remains a significant challenge for the industry, Russell Higginbotham, Chief Executive Officer (CEO) of Swiss Re Reinsurance Solutions, sees interesting opportunities in both commercial and specialty insurance. Higginbotham spoke with Reinsurance News around the annual meeting of the reinsurance industry in Monte Carlo, to ... Read the full article

Insurers’ cost of capital reaches decade-high levels amidst rising interest rates: Swiss Re

11th September 2023

In a recent report by Swiss Re Sigma, the insurance industry's cost of capital (CoC) has surged to its highest point in a decade due to a confluence of factors, primarily driven by the impact of the COVID-19 pandemic and subsequent economic events. One of the key factors contributing to this ... Read the full article

Non-life reinsurance market to see continued growth: Swiss Re

11th September 2023

Global reinsurer Swiss Re has noted that the non-life reinsurance market is expected to grow above GDP for the next decade, driven mainly by inflation and urbanisation. "The 10-year outlook for the market in USD shows nominal growth of approximately 5.4% per year, or around 3% adjusted for inflation," Swiss Re ... Read the full article

Hard market to continue with disequilibrium in demand and supply: Swiss Re Institute

9th September 2023

A disequilibrium in demand and supply of non-life insurance is expected to persist, and with it a continuation of current hard market conditions, especially in property catastrophe lines, according to Swiss Re Institute. Driven by increased natural catastrophe activity as well as inflation, demand for insurance protection has risen since 2017, ... Read the full article

Swiss Re happy with T&C evolution, expects hard market to sustain: CEO Mumenthaler

7th September 2023

Christian Mumenthaler, CEO of reinsurance giant Swiss Re, expects the hard market to sustain and is pleased with how terms and conditions (T&Cs) have evolved throughout 2023, and sees a huge need for reinsurers to become more profitable after a pretty difficult period for the industry. In ... Read the full article