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.
NN Life transfers €13.5bn of longevity risk to Canada Life, Munich Re & Swiss Re
19th May 2020
A subsidiary of NN Group, NN Life, has completed three longevity reinsurance transactions with reinsurers Canada Life, Munich Re, and Swiss Re, transferring the full longevity risk associated with €13.5 billion (USD 14.8 billion) of pension liabilities in the Netherlands. The arrangements cover the risks associated with the policies of more ... Read the full article
COVID-19 disruption could promote sustainable habits: Swiss Re
19th May 2020
The unprecedented disruptions to business operations and personal lifestyles caused by the COVID-19 pandemic could help people to develop more climate-conscious habits, according to Alison McLean, Head of Behavioural Research at Swiss Re. McLean noted that the pandemic has already resulted in extraordinary changes to behaviour, as 80-90% of people in ... Read the full article
Swiss Re appoints Philippe Brahin to lead Americas Region, Public Sector Solutions
14th May 2020
Global reinsurance firm Swiss Re has appointed its current Head of Investor Relations Philippe Brahin to a new role as Americas Region leader of the Public Sector Solutions division. Philippe Brahin has worked at Swiss Re since 2011 in roles of increasing responsibility. He joined the reinsurance firm within its Group Finance ... Read the full article
Governments need to look for new drivers of sustainable growth: Swiss Re
14th May 2020
Analysts at Swiss Re have argued that, in addition to cushioning the impact of COVID-19, governments need to look beyond the outbreak for new drivers of sustainable growth, such as renewed spending on infrastructure. The reinsurer has revised down its foreast for 2020 global growth to -3.8%, from -1.2% previously in ... Read the full article
Swiss Re announces Lockton Affinity as administrator for Tennessee LPL program
12th May 2020
Global reinsurance giant Swiss Re has selected Lockton Affinity, an affiliate of Lockton Companies, as the new program administrator for its Lawyer Professional Liability (LPL) insurance in Tennessee, U.S., effective June 1st, 2020. This program provides lawyers with a comprehensive Professional Liability solution through Swiss Re, with best-in-class administration from Lockton ... Read the full article
Swiss Re outlook revised to negative by S&P as underwriting deteriorates
8th May 2020
S&P Global Ratings has revised its outlook to negative from stable on global reinsurance giant Swiss Re and its core subsidiaries, citing uncertainty around its underwriting performance. At the same time as revising the outlook on Swiss Re, S&P has affirmed its 'AA-' issuer credit and insurer financial strength ratings on ... Read the full article
Public-private partnerships the only viable option we have to tackle pandemics: Scotti, Swiss Re
4th May 2020
As COVID-19 continues to drive widespread uncertainty and extremely challenging societal and economic conditions, the only viable way to effectively address the crisis is through public-private sector collaboration, according to Veronica Scotti, Chairperson Public Sector Solutions, Swiss Re. While varying degrees of lockdowns and social distancing measures remain in place across ... Read the full article
COVID-19 drives Swiss Re to $225mn Q1 net loss
30th April 2020
Global reinsurance giant Swiss Re fell to a $225 million net loss in the first quarter, as the coronavirus pandemic continues to make its presence felt in the industry. The reinsurer also saw an underwriting loss of $476 million and an investment loss of $300 million for the quarter. The mark-to-market valuation ... Read the full article
Swiss Re COVID-19 survey illustrates financial anxiety across Asia Pacific
29th April 2020
A quarter of respondents to a consumer survey conducted by global reinsurer Swiss Re across four major Asia Pacific markets are worried about how they will come out of the COVID-19 pandemic financially. 27% of respondents are "anxious" and "overwhelmed" about their finances while around 40% in all markets surveyed said ... Read the full article
Apply COVID-19 lessons to climate change, urges Swiss Re’s Ojeisekhoba
23rd April 2020
The re/insurance industry must be prepared to apply the lessons learned from the coronavirus (COVID-19) pandemic to the looming climate change crisis, according to Swiss Re’s CEO of Reinsurance, Moses Ojeisekhoba. Writing in a blog post for Swiss Re, Ojeisekhoba argued that the clearest take-away from the pandemic is the need ... Read the full article
Swiss Re Institute highlights economic impact from COVID-19 lockdowns
21st April 2020
Analysis conducted by the Swiss Re Institute suggests that coronavirus-related shutdown measures are driving a 20-25% reduction in economic activity among most advanced markets. The different sector compositions of countries will be a main factor in determining the size of the impact, with emerging markets likely to be impacted more given ... Read the full article
Swiss Re CorSo appoints Matthias Grass as CFO
21st April 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurance giant Swiss Re, has revealed that Matthias Grass is to succeed Martin Mueller as Chief Financial Officer (CFO), effective July 1st, 2020. In his new role, Grass takes responsibility for the oversight of Swiss Re CorSo's Finance function, ... Read the full article
Swiss Re cancels share buyback programme, adds three to Board
20th April 2020
Global reinsurance giant Swiss Re has confirmed that its authorised new public share buyback programme of up to CHF 1 million (USD 1.03mn) will not be launched due to current financial market volatility being driven by the COVID-19 coronavirus pandemic. Following commentary from analysts that the Switzerland-based reinsurer's share buyback programme ... Read the full article
Swiss Re opens Life Guide underwriting manual to L&H insurers
16th April 2020
Swiss Re is opening access to its proprietary Life Guide underwriting manual to all life and health insurers for 90 days, in a response to the COVID-19 pandemic. Life Guide is designed to help users understand risks and how they interact with each other. The underwriting manual includes the ability to reference ... Read the full article
Swiss Re makes $5.2mn contribution to support global COVID-19 relief efforts
14th April 2020
Global reinsurance giant Swiss Re, through the Swiss Re Foundation, has donated CHF 5 million (USD 5.2 million) to support global COVID-19 relief efforts. The pledge has been made through the reinsurer's non-profit grant foundation, which will distribute the funds to organisations tackling the current crisis, particularly in emerging countries. Specifically, the ... Read the full article