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 selling ReAssure to Phoenix Group in £3.25bn deal

6th December 2019

Swiss Re has finally found its exit point from its UK closed life book consolidator business, ReAssure, agreeing to sell the ReAssure Group plc business to the largest pensions and life consolidation specialist in Europe, Phoenix Group Holdings plc in a deal worth UK £3.25bn. Swiss Re has been seeking to ... Read the full article

Swiss Re CorSo adds Seelan Naidoo to key South Africa role

29th November 2019

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has appointed Seelan Naidoo as head of property & specialty lines in South Africa. He brings with him over 30 years’ experience in the commercial insurance sector and most recently served as head of property and engineering ... Read the full article

Swiss Re targets nat cat portfolio growth in strategy update

25th November 2019

Swiss Re has confirmed it’s strategy and targets ahead of 2020, outlining plans for profitable growth in its reinsurance segment, partly through further expansion and diversification of its natural catastrophe portfolio. The reinsurer also reported on the progress of its Corporate Solutions unit, which has been focused on returning to underwriting ... Read the full article

Swiss Re CorSo launches globally standardised property policy

21st November 2019

Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurer Swiss Re, has announced the launch of ONE Form, a tool designed to increase efficiency and quality in international programme delivery. The ONE Form tool serves to improve the customer experience for International Programme and Property clients and ... Read the full article

Social inflation pushing up costs in US liability insurance: Swiss Re

18th November 2019

Social inflation has emerged as a key factor pushing up loss costs in US liability insurance and could mean “significant pain” for the market in the coming years, according to a new report from Swiss Re. Analysts expect the issue to become an increasingly common theme in the next two years, ... Read the full article

Swiss Re’s Nicola Stacey joins Chaucer as CUO

18th November 2019

Specialty insurer and reinsurer Chaucer has appointed Swiss Re Europe's Nicola Stacey as Chief Underwriting Officer (CUO) as current joint Chief Executive Officer (CEO) and CUO, John Fowle, consolidates his duties to CEO. In her new role, Stacey will be responsible for both the development and execution of Chaucer's underwriting strategy, ... Read the full article

China and emerging Asia to drive premium growth, says Swiss Re

13th November 2019

Global non-life and life insurance market growth is expected to stay on trend at around 3% in 2020 and 2021, driven by emerging Asia and particularly China, according to reinsurance giant Swiss Re. The global reinsurer’s latest Sigma report underlines an anticipation of continued premium growth in spite of an expectation ... Read the full article

Swiss Re exploring possible investment in China Pacific Insurance

6th November 2019

Swiss Re has confirmed that it is exploring a potential investment opportunity with China Pacific Insurance Company (CPIC), after partnering with the company earlier this year. Sources at Bloomberg reported earlier today that CPIC was angling to take a $2 billion stake in Swiss Re, through which it could expand its ... Read the full article

Swiss Re’s Alex Kaplan joins AmWINS as EVP for Alternative Risk

5th November 2019

Specialty insurer AmWINS Group, Inc. has announced the appointment of Alex Kaplan from reinsurer Swiss Re as Executive Vice President (EVP) for Alternative Risk. The appointment sees Kaplan lead a new strategy focused on the development of parametric insurance solutions and other bespoke forms of protection, on a stand-alone basis and ... Read the full article

Swiss Re appoints Claudia Cordioli as CFO Reinsurance

5th November 2019

Swiss Re has announced that Claudia Cordioli is set to take over as Chief Financial Officer (CFO) of its global Reinsurance Business Unit from February 1, 2020. She will succeed Gerhard Lohmann, who is pursuing an opportunity outside Swiss Re and will be leaving the company towards the end of February ... Read the full article

Swiss Re promotes Stephan to Head Solutions Western & Southern Europe

4th November 2019

Swiss Re has announced the appointment of Annkathrin Stephan to the newly created role of Head Solutions Western & Southern Europe. The reinsurer formed this role in response to a growing demand for Solutions in the region, a Swiss Re spokesperson told Reinsurance News. In her newly promoted capacity, Stephan will be ... Read the full article

Swiss Re’s net income up but catastrophes hit underwriting result

31st October 2019

Global reinsurance giant Swiss Re has reported group net income of $1.3 billion for the first nine months of the year, supported by growth in reinsurance. However, a $1.7 billion hit from natural catastrophes and man-made disasters resulted in a combined ratio of 101.4% in property and casualty reinsurance (P&C ... Read the full article

Public-private action key to nat cat resilience in Asia: Swiss Re’s Higginbotham

28th October 2019

Russell Higginbotham, The Chief Executive Officer for Swiss Re’s reinsurance operations in Asia, has highlighted the region’s susceptibility to natural catastrophes as an issue that demands increased resiliency measures from re/insurance players and governmental bodies alike. Asia accounted for 41% of the $222 billion global natural catastrophe protection gap in 2018, ... Read the full article

Swiss Re’s iptiQ is fuelled by the protection gap, says CEO Walker

24th October 2019

iptiQ Americas, a wholly owned subsidiary of reinsurance giant Swiss Re, is focused on helping to close the huge and growing life and health protection gap, explained the Chief Executive Officer (CEO) of the firm, Philip Walker. Speaking with Willis Re as part of the reinsurance broker's latest quarterly InsurTech ... Read the full article

Growth & efficiency underpin Swiss Re’s strategy, says Fernando Villar

23rd October 2019

Swiss Re’s success in the EMEA region is underpinned by the development of innovative solutions to promote growth, unlock new efficiencies, and optimise profitability, according to Fernando Villar, COO and Head of P&C Client Solutions EMEA at Swiss Re. Villar spoke to Reinsurance News about the reinsurer's strategy in an interview ... Read the full article