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 Corporate Solutions enters MGA agreement with EF Marine

28th December 2018

Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has entered into a Managing General Agent (MGA) agreement with EF Marine, effective January 1st, 2019. The firm states that the new partnership provides it with entry into a niche and expanding marketplace that requires a high level of specialisation ... Read the full article

Swiss Re keen to profit from any market weakness: Mumenthaler

28th December 2018

Swiss Re is keen to find ways to profit from weaknesses in the global insurance and reinsurance market, with acquisitions a possible route, although pricing remains unattractive, according to CEO Christian Mumenthaler. The Swiss Re chief said in an interview with the Financial Times that his firm would be keen to ... Read the full article

Swiss Re to provide KFH Takaful with reinsurance

24th December 2018

Swiss Re has signed an agreement to provide reinsurance throughout 2019 to KFH Takaful, a global provider of Islamic banking services. The takaful market, which is the Islamic alternative to insurance, attracted gross premium contributions of $14.9 billion in 2015, and is estimated to have attracted over $20 billion in 2017. KFH ... Read the full article

Swiss Re takes further investment in ReAssure from MS&AD

20th December 2018

Global reinsurance firm Swiss Re has taken a further minority investment from insurance holding company MS&AD into ReAssure, taking the Japanese firms stake to 25%. MS&AD Insurance Group Holdings Inc (MS&AD) already holds around 15% of the shares in Swiss Re's UK closed life book consolidator ReAssure, having bought into ... Read the full article

Re/insurers to cover more than half of global cat losses in 2018: Swiss Re

18th December 2018

The re/insurance industry is expected to cover more than half of the total economic costs from natural and man-made catastrophes in 2018, which are estimated to be around $155 billion, according to the latest sigma report from Swiss Re. Swiss Re predicts that global re/insured catastrophe losses will reach $79 billion ... Read the full article

Swiss Re appoints Mark Hodges to lead ReAssure into planned IPO

17th December 2018

Swiss Re has appointed Mark Hodges as Chief Executive Officer (CEO) of its UK closed book business, ReAssure, as it continues to explore options for a potential initial public offering (IPO) in 2019. Hodges, who is currently CEO of the Consumer division at British energy and services company Centrica, will be tasked ... Read the full article

Alternative capital growth to further restrict pricing cycles: Swiss Re

14th December 2018

Alternative capital has matured into an integral player in the property catastrophe reinsurance and retrocession markets, but its continued growth is likely to further curb the volatility of the overall underwriting cycles, according to a report from the Swiss Re Institute. Over the last decade, the alternative capital market has become ... Read the full article

Swiss Re appoints Paul Murray as Head of Life & Health Products

7th December 2018

Swiss Re has announced the appointment of Paul Murray to the position of Head Life & Health (L&H) Products, effective immediately. He takes on the role from Russell Higginbotham, who was appointed as Swiss Re’s Chief Executive Officer (CEO) for Reinsurance EMEA in September. Murray has been with Swiss Re since ... Read the full article

Swiss Re Corp Solutions appoints Aerni as Global Head of Casualty, FinPro Lines

7th December 2018

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Phillippe Aerni as Global Head of Casualty, Financial & Professional Lines, effective 1 January 2019. Based in Zurich, Aerni will assume the Global Casualty role from Daniel Vetter, who moves into the role of Head E&S North ... Read the full article

Slowdown of mortality rate improvement crucial to longevity risk takers: Swiss Re

5th December 2018

As it is a risk that cannot be easily diversified or perfectly hedged, governments and private financial institutions exposed to longevity risks should pay close attention to the recent slowdown in life expectancy improvements throughout advanced nations, according to Swiss Re. In its latest Sigma report Swiss Re says that, while ... Read the full article

Insurtech helps Swiss Re make client relationships stickier, says CEO

30th November 2018

New technological capabilities and InsurTech partnerships are allowing Swiss Re to create stickier and more flexible relationships with its clients, according to the company’s Chief Executive Officer (CEO), Christian Mumenthaler. Speaking in an interview with Bloomberg TV, Mumenthaler noted that a lot of money has been poured into InsurTech over the ... Read the full article

Protectionism a “lose-lose situation”: Swiss Re’s Jerome Haegeli

28th November 2018

Protectionism is a “lose-lose situation” and its impact on both global reinsurance players and policyholders alike is not positive, according to Swiss Re’s Chief Economist Jerome Haegeli. In a recent conversation with Reinsurance News Haegeli spoke positively about the current state of the reinsurance market, but warned against the trend of ... Read the full article

New tech key in narrowing protection gap: Swiss Re’s Jerome Haegeli

21st November 2018

Speaking yesterday at Swiss Re’s London offices, the firm's Chief Economist Jerome Haegeli, alongside the Head of Insurance Risk Research Dan Ryan, stated that it will take a combination of proactiveness and the deployment of new technologies to narrow the global protection gap. “More technology is a huge upside to the ... Read the full article

Asia to drive re/insurance market growth as global economy slows: Swiss Re

20th November 2018

Emerging markets, and Asia in particular, are likely to become the main drivers of demand and growth in the re/insurance market as the global economy begins to slow and lose momentum over the next few years, according to Swiss Re Institute’s latest sigma report. The report, titled ‘Global economic and insurance ... Read the full article

Asian markets to drive re/insurance growth over next decade: Swiss Re CEO

8th November 2018

Markets in Asia, and China in particular, are likely to be one of the main drivers of growth for the re/insurance industry over the next ten years, according to Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re. Speaking in an interview with Bloomberg TV, Mumenthaler suggested that exponential growth can ... Read the full article