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 Verisk’s Latarche as Chief Commercial Officer, Reinsurance Solutions
20th July 2022
Paul Latarche of Verisk is set to join global reinsurance giant Swiss Re in September as its new Chief Commercial Officer, Reinsurance Solutions. At Verisk, Latarche leads the international sales team, having joined the company towards the end of 2018 as Chief Commercial Officer - Sequel Business Solutions. Earlier in his career, ... Read the full article
Swiss Re & Cover Whale teaming up to improve auto accident risk assessment
20th July 2022
Swiss Re and leading insurtech for commercial auto insurance, Cover Whale Insurance Solutions Inc., are teaming up to improve auto accident risk assessment. Cover Whale will use Swiss Re’s Motor Market Analyzer to further enhance its product offerings to customers. Swiss Re’s Motor Market Analyzer is a proprietary predictive model, which provides ... Read the full article
Top US P&C underwriters saw robust premium growth in 2021
18th July 2022
The top 10 U.S. property & casualty (P&C) underwriters, based on net premiums written, remained unchanged in 2021 when compared with the previous years, while Munich Re Americas moved four places to 15th, making it the highest ranked reinsurer on the list. Our directory of the Top ... Read the full article
ICEYE’s satellite data being explored for flood risk transfer project in Ghana
15th July 2022
World-leading provider of natural catastrophe data and satellite data – ICEYE, has announced that its satellite data and imagery will be explored to provide the inputs to support the parametric insurance trigger for a recently announced UNDP backed project in Ghana. It was recently announced that Allianz and Swiss Re ... Read the full article
Global insurance premiums to exceed $7 trillion in 2022, says Swiss Re
13th July 2022
In nominal terms, global insurance premiums are poised to surpass USD 7 trillion for the very first time in 2022 on the back of 6.1% growth, supported by solid employment, income growth, the hardening P&C market environment, and elevated risk awareness for mortality and health risks following the COVID-19 pandemic. This ... Read the full article
“Mental health impact of Covid not felt on insurers yet” – Swiss Re
12th July 2022
The extended impact of Covid-19 is likely to be felt on insurers in the coming years, says a new report from Swiss Re. The report, The Legacy of Covid-19: The Ongoing Mental Health Impact on Australia’s Community, focuses on the impacts in Australia. It says that there has not yet been ... Read the full article
Swiss Re warns that US may have slipped into recession
6th July 2022
A new note from Swiss Re posits that the US has already started to slip into a recession. In its Economic insights: The ‘Great Bond Massacre’ 2.0, the firm says that the world’s largest economy is either in recession or is about to enter one, referring to data from the Atlanta ... Read the full article
Natural catastrophe resilience is on the rise across China – Swiss Re
4th July 2022
Natural catastrophe resilience is on the rise across China’s provinces, according to a new report by Swiss Re Institute. The country’s national natural catastrophe resilience index rose to 9.0% in 2021 from 8.1% in 2020 and 7.6% in 2019, despite a major flooding event in Henan province in ... Read the full article
Economic slowdown may throw resilience recovery off course: Swiss Re
30th June 2022
A new report from Swiss Re Institute shows that that the world economy regained macroeconomic resilience in 2021, but the reinsurer warns that new challenges could “throw the recovery off course” through 2022 and into 2023. Analysts note that the global economy benefited from a cyclical rebound from the COVID-19 crisis ... Read the full article
Swiss Re & IIRM to support re/insurance academia in India
29th June 2022
Global reinsurer Swiss Re has signed a memorandum of understanding (MoU) with the Institute of Insurance and Risk Management (IIRM), an organisation dedicated to providing executive education across the financial services sector. The partnership is aimed at supporting and strengthening re/insurance academia in India. Specifically, Swiss Re Global Business Solutions India will ... Read the full article
Higher yields a silver lining for fixed income-heavy reinsurers: Swiss Re
27th June 2022
Swiss Re estimates that in 2020 the non-life profitability gap was roughly 7–11% of premiums earned, due to the low-yield environment. Over time, the company says, higher interest rates will be reflected in insurers running yield and interest income, helping to soften the profitability gap. Swiss Re ... Read the full article
Munich Re best positioned for US storm season – JP Morgan
24th June 2022
Munich Re is best positioned to deal with the seasonal underperformance typically experienced by European reinsurers during the Atlantic hurricane season, according to JP Morgan. Munich Re and Swiss Re typically have the largest share of hurricane losses among the European reinsurers. Munich Re and Swiss Re ... Read the full article
Ukraine-Russia conflict market losses estimate narrowed to $10bn
24th June 2022
Swiss Re has reiterated that losses from the Ukraine/Russia conflict appear to be a mid-sized nat cat event, narrowing estimated market losses to $10bn from $15bn previously estimated, according to a Goldman Sachs report for Q1. The report noted that reinsurance and London Market names are potentially exposed in various lines, ... Read the full article
Macro trends supporting insurance industry ‘very strong’ – Swiss Re’s Sergio Ermotti
20th June 2022
The macro trends supporting the industry are ‘very strong’, according to Swiss Re chairman of the board Sergio Ermotti. In an interview given to Finance + Swiss, Ermotti said that despite the challenges of recent years, the potential for stable, continual global GDP growth means that the industry should be looking ... Read the full article
EU could add up to €9.3 billion to farmers annual incomes with “climate-smart actions”
20th June 2022
The EU could add between €1.9bn and €9.3 billion annually to farmers’ incomes if farmers are supported in taking "climate-smart actions", according to a survey by the EU Carbon+ Farming Coalition. Other benefits would include reducing its agricultural greenhouse gas emissions by an estimated 6%, and restoring soil health of over ... Read the full article
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