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 predicts prolonged challenges for commercial real estate
18th April 2023
Analysts at Swiss Re Institute have warned that pressure in the office sector and tighter lending standards are challenging US commercial real estate, contributing to the weaker economic growth outlook and financial sector vulnerability. While the pressures are unlikely to pose systemic risks, the reinsurer does expect the correction to last ... Read the full article
Youi Insurance hires Swiss Re’s Laura Wood as Head of Reinsurance
18th April 2023
Youi Insurance, an Australian-based insurance company has appointed Swiss Re’s Laura Wood as Head of Reinsurance. An experienced veteran within the industry, Wood brings 18 years of expertise towards her new role, having worked within re/insurance and broking across most of the industry’s key markets around the globe and across many ... Read the full article
Swiss Re hires Aon’s Paloma Quiroga Arias as Head Risk Consulting & Analytics
17th April 2023
Reinsurance giant Swiss Re has announced that it has appointed Paloma Quiroga Arias as Head Risk Consulting & Analytics, where she will report to Russell Higginbotham, CEO Reinsurance Solutions. Paloma’s appointment is effective immediately. In her new role, she will lead a team that contains proven risk expertise, as well as deep ... Read the full article
Swiss Re improves solvency test ratio by 71 points
14th April 2023
Global reinsurer Swiss Re has reported that its Group Swiss Solvency Test (SST) ratio for 2023 stands at 294%, which is well above its 200-250% target range, and represents an increase of 71 percentage points over its 2022 figure. Swiss Re outlined its capital position in detail in its Financial Condition ... Read the full article
Swiss Re’s shareholders back all proposals at its Annual General Meeting
13th April 2023
Swiss Re has announced that its shareholders have approved all proposals put forward by its Board of Directors at its Annual General Meeting (AGM). According to Swiss Re, the vast majority of shareholders (98.12%) approved the proposal of the Board of Directors to pay out an ordinary dividend of USD 6.40 ... Read the full article
Swiss Re appoints Franzetti to Head of Global Claims P&C Reinsurance
11th April 2023
Reinsurance giant Swiss Re has appointed Dana Franzetti as Head of Global Claims property & casualty (P&C) Reinsurance. Based in Schaumburg, Illinois, Franzetti joined Swiss Re in 2016 and was appointed to the role of Claims Manager, VP, P&C Business Management. She served in this role for four years until she ... Read the full article
Swiss Re names Kerényi Chief Risk Officer, P&C Reinsurance
11th April 2023
Global reinsurance giant Swiss Re has appointed Attila Kerényi as Chief Risk Officer and Member of the Executive Committee, property & casualty (P&C) Reinsurance. Based in New York, Kerényi is a veteran across the industry and brings over 22 years of experience towards his new role. Kerényi has worked for the reinsurance ... Read the full article
Asia avoids banking sector turmoil due to lower inflation rates: Swiss Re Institute
6th April 2023
Despite the recent turmoil in the US and European banking sectors, Asia's re/insurance sector has managed to avoid being affected, helped in part by the swift responses of the authorities in the countries where the issues originated and lower inflation rates in the region, said the Swiss Re Institute. These lower ... Read the full article
Swiss Re implements new reinsurance organisational structure, additional leaders named
3rd April 2023
Reinsurance giant Swiss Re's previously announced streamlined organisational structure, described by the firm as a simpler set-up with shorter decision paths that will result in enhanced client focus, is now live. First announced back in February, the new structure sees the splitting of the firm's reinsurance business unit into P&C ... Read the full article
With catastrophe losses on the rise, Swiss Re issues guidelines for underwriting
31st March 2023
According to a report published by Swiss Re, there has been an upward trend in natural catastrophe-insured losses over the past six years. The data shows a rise of about 5‒7% in average annual losses established over the last 30 years with the possibility of growth in this trend. This has ... Read the full article
Swiss Re begins search for new Chair as Ermotti heads back to UBS
29th March 2023
Global reinsurance giant Swiss Re will begin a search for a new Chair, after its current incumbent Sergio P. Ermotti agreed to head back to the banking and asset management group UBS as Group CEO. Ermotti has been appointed as the as Group Chief Executive Officer and President of the Group ... Read the full article
US economic ‘hard landing’ is unavoidable: Swiss Re
27th March 2023
Analysts at Swiss Re have warned that the magnitude of the Federal Reserve’s monetary tightening measures and a weakening consumer backdrop means that a ‘hard landing’ for the US economy is now “unavoidable”. They note that the Fed's March FOMC meeting suggests that a challenging macro environment, now complicated by recent ... Read the full article
Europe’s big four hit by weaker underwriting & investment losses: Fitch
27th March 2023
Hannover Re, Munich Re, SCOR and Swiss Re all reported lower earnings for 2022 as high inflation, rising interest rates and climate-related costs led to lower underwriting and investment results, suggests a new report from Fitch Ratings. The rating agency notes that in 2022, attempts to raise prices proved to be ... Read the full article
Swiss Re estimates 2022 insured cat losses at $132bn
22nd March 2023
Global reinsurer Swiss Re has estimated that total insured losses from both natural and man-made catastrophes amounted to $132 billion last year, with economic losses thought to be more than double this figure at $284 billion. The insured total consists of $125 billion of losses from natural disasters and $7 billion ... Read the full article
Swiss Re backs AI-powered workers’ comp product from CompScience
21st March 2023
CompScience Insurance Services has announced a managing general agent (MGA) agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies. Josh Butler, Founder and CEO, CompScience, commented, “We are pleased to be partnering with Nationwide and Swiss Re so that we can bring the disruptive power of ... Read the full article
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