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 cautious on writing cyber business
10th June 2022
Swiss Re has said it is biding its time before increasing its appetite for cyber risk, citing the newness of the sector. Thierry Léger, CUO of the reinsurance giant said that while it was still underweighted in cyber, it was investing in research and development to better understand this line of ... Read the full article
Nat cat pricing momentum should last 2+ years: Swiss Re CUO
9th June 2022
Thierry Léger, Chief Underwriting Officer (CUO) of Swiss Re, has said that price momentum in natural catastrophe reinsurance lines should last for at least another 1-2 years at today's rate and potentially for longer. Speaking at the Goldman Sachs European Financials Conference in Rome earlier this week, Léger explained that Swiss ... Read the full article
Euro inflation pressure broadening out, core CPI rises to new multi-decade high: Swiss Re Institute
9th June 2022
A new report from Swiss Re Institute states that Euro area inflation pressure is broadening out and becoming “stickier”, as core Consumer Price Index (CPI) rises to a new multi-decade high. The current inflation surge is also increasing claims severity for European property and casualty (P&C) insurers, particularly in property and ... Read the full article
17 US reinsurers wrote $22.7bn of net premiums in Q1: RAA
1st June 2022
A group of US property and casualty reinsurers wrote $22.7bn of net premiums during Q1 2022, compared to $17.8bn in the same quarter of the preceding year. These results have just been released by the Reinsurance Association of America (RAA), which surveyed seventeen property and casualty reinsurers. The combined ratio for the ... Read the full article
Appetite for underwriting property cat reinsurance business tightening
1st June 2022
Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA). The study said that while the sector should be ‘applauded’ for dealing with significant volatility over the last five years and ... Read the full article
Swiss Re’s CEO of reinsurance says insurers must embrace building digital trust
30th May 2022
Insurers need to face up to the task of building ‘digital trust’ between themselves and the consumers they serve, according to a new blog post from Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re. The post, ‘Why insurance leaders should care about digital trust’, refers heavily to work put out ... Read the full article
Re/insurers can play key role in development of hydrogen economy: Swiss Re
30th May 2022
A new report from Swiss Re states that reinsurers and insurers can play a key role in the development of the hydrogen economy through risk management knowledge and transfer. The report, De-Risking the Hydrogen Economy: Bridging the Protection Gap, that while the risks are already known to reinsurers and insurers, their ... Read the full article
Swiss Re CEO: “Russia-Ukraine liable to have impact of medium-sized natural catastrophe event”
27th May 2022
The Russian invasion of Ukraine is likely to only have the impact of a medium-sized natural catastrophe event to the insurance industry, says the CEO of Swiss Re in a new interview. Speaking to CNBC, Christian Mumenthaler said that while the coronavirus pandemic had ceded and become endemic, the current conflict ... Read the full article
Swiss Re backs major carbon removal project
23rd May 2022
Swiss Re has become one of the founding buyers of credits from a new Swiss company aiming to reduce the cost of atmospheric carbon removal, according to reports from Reuters. The reinsurer joins banking giant UBS, Boston Consulting Group, private banking firm LGT, and shipping company Mitsui O.S.K. Lines in buying ... Read the full article
Swiss Re unveils nine-step, digital trust methodology
19th May 2022
Swiss Re has unveiled a nine-step methodology for companies to position themselves as trustworthy in an increasingly online world. The thirty-page report, Decoding Digital Trust: An Insurance Perspective, provides a framework for understanding digital trust, highlighting its relevance against the backdrop of increasing digital automation, both in insurance and across ... Read the full article
“Fall in protection business could impact vulnerable households” – Swiss Re
16th May 2022
Ongoing wage inequality has left households vulnerable in the current cost-of-living crisis due to a fall in protection business, says Swiss Re in a new report. The reinsurance giant said in its Reshaping the Social Contract: The Role of Insurance in Reducing Income Inequality that decades of rising inequality in advanced ... Read the full article
Insurance not the sole solution to cyber resilience: Swiss Re’s Ermotti
13th May 2022
Sergio P. Ermotti, Chairman of the Board of Directors, has stressed that, while insurance go some way towards mitigating the impact of cyber risks, it “is not the sole solution” to cyber resilience. Cyber risks have become even more prominent since the COVID-19 pandemic and Russia's invasion of Ukraine, as working ... Read the full article
Swiss Re GBS to open new tech centre in Hyderabad, India
11th May 2022
Swiss Re Global Business Solutions (GBS) India, the technology and analytical hub of reinsurance giant, Swiss Re, has announced that it is set to open a new centre in Hyderabad in September 2022. The new GBS centre is expected to help strengthen Swiss Re’s commitment to India, as well as its ... Read the full article
Group risk market shows positive growth despite uncertainties: Swiss Re
10th May 2022
The UK group risk market continued to show positive growth last year, proving resilient in the face of sustained economic and market uncertainty, according to analysis by Swiss Re. The reinsurer’s annual Group Watch report shows that the number of in-force group risk policies increased by 4.1% from 81,055 in 2020 ... Read the full article
Stagflation likely but conditions are temporary: Swiss Re
6th May 2022
Analysts at Swiss Re Institute say that their baseline outlook for the global economy is now a ‘stagflation-like’ scenario, although they assured that these conditions should be temporary, and may even benefit re/insurers in the long-term, despite representing a short-term threat to profitability. Reflecting on recent global events, Swiss Re notes ... Read the full article
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