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 names Ian Haycock as Chief Data Officer

9th April 2020

Swiss Re has announced the appointment of Ian Haycock to the newly created role of Chief Data Officer, effective May 1, 2020. Together with Youngran Kim, who started as the Group Chief Technology Officer this month, Ian will help to further develop Swiss Re's digital strategy. Haycock has more than 32 years' ... Read the full article

Absence of large US hurricanes drive down 2019 losses: Swiss Re’s Sigma

8th April 2020

Data from Swiss Re’s latest Sigma report shows that an absence of large and costly hurricanes in the US saw global economic losses from natural and man-made disasters sink to $146 billion in 2019, down from $176 billion in 2018 and below the 10-year annual average of $212 billion. Of the ... Read the full article

Swiss Re expects COVID-19 impacts to be “absolutely manageable”

2nd April 2020

Executives at global reinsurance giant Swiss Re have said that at this point, the impacts of the current crisis around the COVID-19 pandemic on the company is viewed as "being absolutely manageable." In a letter to shareholders, clients and partners, Walter B. Kielholz, Chairman of the Board of Directors and Christian ... Read the full article

kWh Analytics closes Swiss Re-backed 32 MW Solar Revenue Put

1st April 2020

Solar risk management firm kWh Analytics has closed a Swiss Re-funded Solar Revenue Put for a portfolio of 4,000 projects totalling roughly 32 MW DC of capacity. This is the first publicly announced repeat closing with the Solar Revenue Put. It is structured as an insurance policy on solar production and PPA ... Read the full article

COVID-19 brings range of new complexities for insurers: Swiss Re

30th March 2020

Reinsurer Swiss Re has noted that the ongoing coronavirus (COVID-19) outbreak is introducing “a range of new complexities” for insurers in terms of claims, underwriting, policy terms, and more. These are compounded by the significant uncertainties that continue to surround the virus, such as the factors affecting mortality and infection rates. One ... Read the full article

Swiss Re names Victoria Lobo Market Exec, WSE for reinsurance

24th March 2020

Nikhil da Victoria Lobo, Swiss Re's Managing Director and Head of Americas for its Public Sector Solutions (PSS) Division, has been named Market Executive for Western and Southern Europe (WSE) for reinsurance at the Switzerland-based firm. His appointment is effective July 1st, 2020 and Victoria Lobo succeeds Claudia Cordioli, who ... Read the full article

Swiss Re has $250mn exposure to Tokyo Olympics cancellation: CFO Dacey

20th March 2020

Global reinsurance giant Swiss Re has a specific exposure of USD 250 million to the cancellation of the 2020 Tokyo Olympics, and also potential exposure in other lines as a result of the COVID-19 outbreak. Scheduled to commence on the 24th of July 2020, the ability for the Tokyo Olympics to ... Read the full article

Swiss Re Board nominates three new members for election

20th March 2020

Swiss Re’s Board of Directors has nominated Sergio P. Ermotti, Joachim Oechslin and Deanna Ong for election as new members of the Board at its April 2020 annual general meeting (AGM). Ermotti has been Group Chief Executive Officer and a member of the Group Executive Board of UBS Group since 2011. Before ... Read the full article

Swiss Re confirms potential for buyback delay

19th March 2020

Swiss Re has confirmed that there is potential for its previously announced share buyback to be delayed, owing to the ongoing uncertainty around the financial market due to COVID-19. The reinsurer said that it will still seek authorisation for the CHF 1 billion public share buyback program at its annual general ... Read the full article

Coronavirus puts Swiss Re share buyback at risk: JP Morgan

18th March 2020

Given that Swiss Re is likely to see significant mark-to-market losses on equity accounted investments in the first quarter of 2020, as well as the ongoing uncertainty to the financial market outlook on COVID-19, analysts at JP Morgan see a substantial risk that the reinsurer's previously-announced buyback will not be ... Read the full article

Swiss Re adds three to Asia Pacific leadership team

18th March 2020

Global reinsurer Swiss Re has bolstered its leadership team in Asia Pacific across its Life & Health and Property & Casualty business lines. Jolene Loh has been appointed director, head of L&H client markets, South East Asia. She joins with more than 25 years’ experience and will lead Swiss Re’s L&H in-market ... Read the full article

Swiss Re appoints Hadi Riachi CEO of India branch

13th March 2020

Global reinsurance giant Swiss Re has announced the appointment of Hadi Riachi as Chief Executive Officer (CEO) of its India branch, effective April 1st, 2020. Riachi's appointment remains subject to regulatory approvals and sees him takeover from G. Satish Raju, who is to pursue other opportunities outside of Swiss Re. In his ... Read the full article

Swiss Re employees advised to work from home

12th March 2020

Global reinsurer Swiss Re has confirmed a series of measures designed to counter the spread of Coronavirus between its employees. Staff in Beijing, Hong Kong, Shanghai, Singapore, Tokyo, Seoul have been advised to work from home. Employees in the UK are also strongly advised to work from home. Additionally, In line with local ... Read the full article

Swiss Re partners with Microsoft on digital risk center

12th March 2020

Swiss Re has partnered with tech giant Microsoft on the launch of a Digital Market Center to help the re/insurance industry develop large-scale tools to predict and manage risks, and respond with new products. The Digital Market Center will draw on Microsoft’s Azure cloud technologies, as well as its internet of ... Read the full article

Coronavirus to trigger global recession in 2020, warns Swiss Re

11th March 2020

Swiss Re Institute has said it is expecting to see a global recession in 2020 as the coronavirus outbreak continues to cause major disruption around the world, putting pressure on already weak economic resilience. Analysts noted that the recession will likely be mild in a historical context, although economic growth will ... Read the full article