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.

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

Climate action needed to limit fallout for life re/insurers: Swiss Re

17th June 2019

Unless further action is taken, the effects of climate change are likely to have “significant consequences” for life and health re/insurers, who will have to deal with increase risks from heatwaves, floods, droughts, fires and vector-borne diseases. This is according to a new report from Swiss Re, which linked climate change ... Read the full article

Swiss Re confirms ReAssure IPO is set for July

14th June 2019

Swiss Re has confirmed that the initial public offering (IPO) of shares in its UK closed life book consolidator business ReAssure is set to go ahead in July 2019. ReAssure verified in a statement today that its ordinary shares will be listed on the main market of the London Stock Exchange ... Read the full article

Swiss Re sees ReAssure IPO as growth opportunity

7th June 2019

Reinsurance giant Swiss Re believes that reducing its stake in UK closed life book consolidator ReAssure via an initial public offering (IPO) will facilitate increased flexibility and growth of the group. An IPO registration document for the ReAssure Group plc share offering is due to be filed today, pending the ... Read the full article

Swiss Re to launch ReAssure IPO, registration to be filed today

7th June 2019

Swiss Re is moving forwards with long-discussed plans for an initial public offering (IPO) of shares in its UK closed life book consolidator business ReAssure. An IPO registration document for the ReAssure Group plc share offering is due to be filed today, pending the approval of the UK's Financial Conduct Authority, ... Read the full article