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 & Capsicum Re launch holistic cyber reinsurance solution, Decrypt

2nd September 2019

Global reinsurance giant Swiss Re has partnered with specialist reinsurance broker, Capsicum Re, on the launch of a new holistic cyber reinsurance solution, called Decrypt. The new solution offers a single, flexible, end-to-end solution to insurers' cyber risk challenges, including embedded, silent, and affirmative cyber exposures. An announcement on the release explains ... Read the full article

China’s digitisation opening up previously uninsurable risks: Swiss Re

30th August 2019

The digital transformation currently taking place across China is expanding the boundaries of re/insurance and facilitating the development of solutions for previously uninsurable risks, according to a new report from Swiss Re. Swiss Re describes digitisation as the main engine of China’s economy and expects to see exponential sector growth over ... Read the full article

Swiss Re moves above Munich Re as world’s largest reinsurer: AM Best

29th August 2019

Global reinsurer Swiss Re has knocked Munich Re from its position as the world’s largest reinsurer, as measured by year-end gross premiums written (GPW) in 2018, according to AM Best data viewable at our Top 50 Global Reinsurance Groups directory. Munich Re had led the pack every year since ... Read the full article

Advanced analytics unlocking “new frontiers” of risk for P&C re/insurers: Swiss Re

22nd August 2019

The use of increasingly advanced analytic capabilities is enabling property and casualty (P&C) re/insurers to “unlock new frontiers in risk assessment and mitigation,” according to a new sigma report from Swiss Re Institute. The study explored how insurance and reinsurance companies can use analytics to support growth through new market opportunities ... Read the full article

Swiss Re estimates insured nat cat losses of $15bn in H1 2019

15th August 2019

Global reinsurance giant Swiss Re has estimated that natural catastrophe events in the first-half of 2019 resulted in insured losses of $15 billion, down from the $21 billion recorded in the first-half of 2018. Overall, insured losses from catastrophes amounted to $19 billion in H1 2019, with $15 billion, or 79% ... Read the full article

Swiss Re to open Ivory Coast underwriting office

13th August 2019

Global reinsurance giant Swiss Re is set to open an underwriting office in Abidjan, Ivory Coast following regulatory approval from the Inter-African Conference of Insurance Markets (CIMA). Expected to be fully operational by October 1, the office will be headed by Swiss Re’s current Head of West Africa, Awa Koné. Swiss Re ... Read the full article

Swiss Re expects global life premiums to grow by 3% in next two years

8th August 2019

Swiss Re is anticipating that global life insurance premiums will grow by around 3% annually over the next two years, with most of the improvement coming from emerging markets. China in particular is likely to drive premium growth due to a recovery for demand in savings products. Growth in advanced markets, on ... Read the full article

Swiss Re exploring use of AI-driven automation tool

7th August 2019

Global reinsurer Swiss Re is working with computer software firm Expert System as it looks to harness Artificial Intelligence in the automation of tasks such as assessing risk reports or claims evaluation. Expert System says its AI-driven tool ‘Cogito’ applies human-like comprehension to make information access easier as well as faster ... Read the full article

Swiss Re’s ReAssure buying £425m closed life book business from Quilter

5th August 2019

ReAssure, the closed life book consolidator specialist unit of global reinsurance firm Swiss Re, has agreed an acquisition of a UK £425 million UK closed life insurance business from Quilter plc. The acquisition will add 200,000 customer policies and UK £12 billion of assets to ReAssure's platform and demonstrates Swiss Re's ... Read the full article

Swiss Re names Urs Baertschi CEO Reinsurance EMEA, Regional President

1st August 2019

Swiss Re has named Urs Baertschi as Chief Executive Officer (CEO) Reinsurance EMEA, Regional President and member of the Group Executive Committee, succeeding Russell Higginbotham. Baertschi's appointment is effective September 1st, 2019 and remains subject to regulatory approval. He ... Read the full article

Swiss Re to persist in selling down ReAssure stake

31st July 2019

In light of the suspension of the planned initial public offering (IPO) of ReAssure, parent Swiss Re has said that it remains committed to reducing its ownership in order to de-consolidate the business. The reinsurance giant announced in early June that it was to go ahead with plans for an ... Read the full article

Swiss Re’s reinsurance & investments offset Corporate Solutions loss

31st July 2019

A solid investment result and strong reinsurance performance helped Swiss Re record net income of $953 million in H1 2019, while the firm's Corporate Solutions segment fell to a $403 million net loss in the period. At $953 million, net income declined from the $1 billion recorded in the first-half of ... Read the full article

Swiss Re & SAP announce expansion of accounting system

30th July 2019

Global reinsurer Swiss Re and Germany domiciled multinational software corporation, SAP SE, have expanded their joint accounting solution project to include simulation, forecasting and planning capabilities. Announced in February 2017, the joint co-innovation project sees the pair collaborate on the development of a solution that tackles complex issues related to ... Read the full article

Remittance insurance a $1bn opportunity in emerging markets: Swiss Re

26th July 2019

Insurance linked to remittances in emerging economies could represent a US $1 billion opportunity over the next 10 years, according to a new report from Swiss Re Institute. Last year, the World Bank estimated that remittance payments by migrants to people in their home countries totalled $530 billion, constituting more than ... Read the full article

Swiss Re partners with EF Marine on P&I cover for ships visiting India: Reports

23rd July 2019

A new partnership has been announced between reinsurance giant Swiss Re and Singapore-based managing general agent EF Marine Pte Ltd, to provide Protection & Indemnity (P&I) cover to foreign ships that call at Indian ports, reports the Hindu BusinessLine. According to a report online from the Hindu BusinessLine, India's maritime administration, ... Read the full article