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 warns of worsening economic outlook

8th March 2022

Analysts at Swiss Re have warned of a worsening global economic outlook following the outbreak of the conflict in Ukraine, with stagflation and recession outcomes now considered to be the baseline expectation. Given its energy dependency on Russia, Swiss Re expects the immediate impact to be larger for the euro area ... Read the full article

Swiss Re’s exposure to Russia’s invasion of Ukraine immaterial to modest: CFO Dacey

25th February 2022

John Dacey, the Group Chief Financial Officer (CFO) of global reinsurance giant Swiss Re, said this morning that while it's too early to tell whether there will be losses from Russia's invasion of Ukraine, the firm has immaterial exposure on the asset side of the balance sheet and does not ... Read the full article

Swiss Re appoints Murray and Higginbotham to CEO roles

25th February 2022

Swiss Re has named Paul Murray as its new CEO Reinsurance Asia, Regional Director, and member of the Group Executive Committee, succeeding Russell Higginbotham, who will become the CEO of Reinsurance Solutions. The move, set for 1 April, will see both men report to Moses Ojeisekhoba, CEO Reinsurance. Christian Mumenthaler, group CEO ... Read the full article

Swiss Re returns to profit in 2021 despite high nat cat & COVID-19 load

25th February 2022

The "remarkable performance" of Swiss Re's property and casualty (P&C) businesses in 2021 helped the reinsurer generate net income of $1.4 billion for the year against a loss of $878 million in 2020, despite a heavy burden from natural catastrophes and additional COVID-related losses. Alongside the turnaround in net income, Swiss ... Read the full article

US business cycle could soon turn: Swiss Re

23rd February 2022

As part of a new report, analysts at Swiss Re have asserted that insurers should be prepared for the possibility that the US business cycle could turn soon, with market indicators currently sending mixed signals about the stage of the economy. The reinsurer notes that a tight job market, inflation and ... Read the full article

Swiss Re Corporate Solutions to establish Canadian branch of NAS

23rd February 2022

Swiss Re Corporate Solutions, part of the global reinsurer, is hoping to establish a new Canadian branch of North American Specialty Insurance Company (NAS) and transfer operations to that branch. The company has filed an application with regulators to create the new branch in Canada and transfer operations, including new and ... Read the full article

Swiss Re acquires Champlain Re in legacy deal

18th February 2022

Reinsurance giant Swiss Re has acquired Champlain Reinsurance Company (Champlain Re), a Swiss based run-off reinsurance captive of Alcan Holdings Switzerland AG, a member of Rio Tinto Alcan, in a legacy transaction. Champlain Re's remaining reinsurance liabilities consist mainly of General Liability and Workers’ Compensation exposures of the Rio Tinto Alcan ... Read the full article

Swiss Re invests in Klimber as pair look to boost LatAm insurance penetration

10th February 2022

Reinsurance giant Swiss Re has announced an investment to lead the pre-series A funding round for Klimber Latam Corp, a developer of digital insurance products in the region. In 2018, Klimber created the first digital life insurance offering in Latin America through its end-to-end platform. The investment from Swiss Re provides the ... Read the full article

Swiss Re’s iptiQ and WiZink partner to offer digital insurance solutions

10th February 2022

iptiQ, global reinsurer Swiss Re's digital B2B2C insurer, has entered into a bancassurance deal with digital bank WiZink to design over ten Life & Health and Property & Casualty insurance solutions for clients in Spain and Portugal. Under the arrangement, WiZink will offer its two million customers a diversified suite of ... Read the full article

Munich Re US names SCOR’s Haynes Head of Casualty Underwriting

1st February 2022

Global reinsurer Munich Re has appointed Maura Haynes as Head of Casualty Underwriting in the U.S., Reinsurance Division, where she will be based in New Jersey. Haynes previously worked for SCOR for just under six years, holding numerous leadership roles, most recently as US Casualty Team Leader. During her time there, she ... Read the full article

BoA predicts strong numbers for European reinsurers

24th January 2022

Bank of America (BoA) has said that reinsurers in Europe should post strong last-quarter numbers for 2021, saying that figures for that period may be higher than expected. The bank said it believes that a strong Q4 2021 will contrast well with the same period of the year before, which was ... Read the full article

Swiss Re announces raft of promotions

21st January 2022

Swiss Re Corporate solutions has begun to undertake the process of transitioning from national to regional underwriting of its single carrier deals. Announced yesterday, the organisation said it was making a raft of promotions within its regional underwriting organisation. These include Sarah Magill, group head central (former team lead based in Chicago ... Read the full article

Mike Goodson takes on new role at Swiss Re

20th January 2022

Mike Goodson is taking on a new role at Swiss Re as its international programs head of underwriting for North America. Goodson, who has been with the reinsurer of a quarter of a century, will start in his new position immediately. Michael LaRocca, head of property and specialty North America for Swiss ... Read the full article

US Federal Reserve is behind the curve on tackling inflation: Swiss Re

19th January 2022

The US Federal Reserve (the Fed) is behind the curve on tackling inflation and will need to tighten policy using a combination of levers like rate hikes and quantitative tightening, according to analysts at global reinsurance giant, Swiss Re. With CPI inflation amounting to 7% YoY and has remained elevated ... Read the full article

Swiss Re’s Magnum Go receives Digital Trust Label

18th January 2022

Swiss Re’s Magnum Go, an automated underwriting engine designed for life insurance, has been certified with the Digital Trust Label (DTL). Done through the Swiss Digital Initiative (SDI), the DTL designed to help users identify trustworthy digital certificates. Moses Ojeisekhoba, CEO Reinsurance of Swiss Re, said: “We strongly believe in digital responsibility ... Read the full article