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.
Current market conditions ripe for insurers and reinsurers to move closer – Swiss Re
16th June 2022
A tightening of market liquidity from central banks may present opportunities for insurers and reinsurers to move closer together, says a new article from Swiss Re. The piece, written by Gianfranco Lot, head of globals reinsurance, says that a reduction in liquidity may allow insurers and reinsurers to deepen ties by ... Read the full article
Crypto & quantum computing among top risks flagged by Swiss Re
16th June 2022
Crypto assets and quantum computing have been flagged by analysts at Swiss Re as two of the most significant emerging risks for insurers and reinsurers, with the potential to create new risks within the global financial system. Swiss Re's 10th edition of SONAR covers 14 emerging risk topics across technological, economic, ... Read the full article
“G20 needs to act to avert food crisis and reshape social contract” – Swiss Re
15th June 2022
The group chief economist for Swiss Re has called on the G20 nations to act in order to both avert a food crisis and reshape the social contract. Writing on the firm’s website, Jerome Jean Haegeli said that an international effort was needed to guarantee that developing nations have access ... Read the full article
Swiss Re-backed Waterdrop sees net operating revenue rise 7.4%
15th June 2022
Swiss Re-backed technology platform Waterdrop has reported that its net operating revenue in Q1 2022 rose 7.4%, compared to Q4 2021. The firm said in a press statement that it had resumed positive growth after its business strategy was switched from pursuing fast growth to enhancing quality development and profitability. It ... Read the full article
Allianz and Swiss Re to lead flood risk transfer project in Ghana
14th June 2022
Allianz and Swiss Re, members of the Insurance Development Forum (IDF), will lead a Tripartite risk transfer project for urban floods in Ghana. The IDF, alongside the Ghana Ministry of Finance, the United Nations Development Programme (UNDP) and the German Government, announced its launching during the IDF ... Read the full article
COVID-19 pandemic leads to greater focus on health & financial security: Swiss Re
14th June 2022
A recent survey from Swiss Re Institute, two years into the COVID-19 pandemic has shown that the pandemic has led to a greater focus on health and financial security, resulting in more online insurance purchases and a greater willingness to share personal health data, especially among the younger generation. It was ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
