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.

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

Swiss Re announces two appointments within Asia P&C business

19th July 2019

Global reinsurance giant Swiss Re has announced two leadership appointments in Asia to support the firm's continued growth across Southeast Asia, India, Korea, Hong Kong, and Taiwan. Both appointments are within the reinsurer's property and casualty (P&C) operations, and includes the addition of Hans-Joachim Zimmerman as Head of Client Markets, P&C ... Read the full article

AXA XL & Swiss Re collaborate on auto sector supply chain resilience

18th July 2019

Insurance and reinsurance giants, AXA XL and Swiss Re have collaborated to improve the understanding of supply chain risks and develop greater supply chain resilience within the automotive industry. A recent post by Rachel Alt-Simmons, Head of Strategic Design, Insurance Pricing and Anne Sheehy, Head of Property Pricing, Insurance Pricing at ... Read the full article

Insurers ceded 5% of global premiums to reinsurers in 2018: Swiss Re

16th July 2019

Swiss Re Institute has estimated that primary insurers ceded about $260 billion, or 5%, of direct premiums written to the global reinsurance markets in 2018. More than three quarters of this total ($200 billion) were non-life premiums, which had a higher cession rate of around 8.4%. In contrast, only around 2% of ... Read the full article

Fitch says ReAssure ratings not affected by IPO suspension

15th July 2019

Fitch Ratings has said that its ratings for ReAssure have not been affected by Swiss Re’s decision to suspend the initial public offering (IPO) of its shares. Swiss Re chose to shelve the IPO of its UK closed life book consolidator business last week in response to adverse market conditions, ... Read the full article

BI a potential source of premium growth for commercial insurers in Japan: Swiss Re Institute

12th July 2019

Commercial insurance premiums in Japan are expected to increase by 4.4% in 2019, and over the long-term, business interruption (BI) cover is anticipated to be a source of expansion for the commercial insurance space in the region, according to Swiss Re Institute. Expected premium growth in the commercial insurance sector in ... Read the full article

Swiss Re suspends ReAssure IPO due to lack of demand

11th July 2019

Swiss Re has announced the suspension of its plans for an initial public offering (IPO) of shares in its UK closed life book consolidator business, ReAssure, which was set to go ahead this month. The reinsurer explained that the suspension was in response to adverse market conditions, such as “heightened ... Read the full article

Swiss Re could use more ADC reinsurance to reduce Corporate Solutions volatility: analysts

10th July 2019

Analysts at Barclays and JP Morgan are anticipating that Swiss Re may purchase further adverse development cover (ADC) to protect the underwriting result of its Corporate Solutions business, which was hit particularly hard by recent catastrophe losses. The move will likely come as part of a broader overhaul of the unit’s ... Read the full article

Conor Smith named Head of Contract Surety Canada, Swiss Re Corporate Solutions

9th July 2019

Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has announced the appointment of Conor Smith as Head of Contract Surety Canada, effective July 15th, 2019. He will be based in Toronto and will have responsibility for the growth, strategy and underwriting for the new local surety business across ... Read the full article

Global insurance premiums pass $5tr, emerging Asia leads way: Swiss Re

4th July 2019

A report from Swiss Re has determined that global insurance premiums passed $5 trillion for the first time ever in 2018, a figure which represents 6% of world gross domestic product. Swiss Re says this landmark figure was based mostly on solid growth in the non-life sector, particularly in China and ... Read the full article

Swiss Re Corporate Solutions adds Patrice Nigon to Asia Pacific role

27th June 2019

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has announced the appointment of Patrice Nigon as Head Engineering & Construction (E&C) Asia Pacific (APAC), effective immediately. Nigon, who in his new role will oversee the company’s engineering and construction business, succeeds Andre Martin, who became ... Read the full article

Swiss Re says ReAssure valued at up to £3.3bn in IPO

27th June 2019

Swiss Re has said that ReAssure, its UK closed life book consolidator business, will be valued at up to £3.3 billion in its initial public offering (IPO) on the London Stock Exchange next month. The reinsurer has set a price range of £2.80 to £3.30 per share, implying a market capitalisation ... Read the full article

Swiss Re names Higginbotham CEO Reinsurance Asia, as Plunkett departs

27th June 2019

Reinsurance giant Swiss Re has adjusted its leadership for the Asia region, naming Russell Higginbotham as its new CEO Reinsurance Asia, after the previous leader in that role Jayne Plunkett decided to depart the firm. Higginbotham has worked at Swiss Re for almost 25 years, in positions covering a range of ... Read the full article

Swiss Re becomes supporting member of the ICMIF

26th June 2019

Reinsurance giant Swiss Re has become a supporting member of the International Cooperative and Mutual Insurance Federation (ICMIF), an umbrella body for the global cooperative and mutual insurance industry. Under the new partnership, Swiss Re will offer ICMIF members with the opportunity to leverage their knowledge, expertise and support in order ... Read the full article