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.
Reinsurance a powerful enabler in mitigating climate change: Swiss Re’s Berger
3rd February 2020
The re/insurance industry is proving to be a powerful enabler in mitigating the effects of climate change, and has been spurred on by the shortcomings of government action, according to Andreas Berger, CEO of Swiss Re Corporate Solutions. Berger noted that the industry has been accelerating its investment in low-carbon initiatives ... Read the full article
Digitalisation is evolving the role of insurance, says Swiss Re
29th January 2020
Swiss Re’s latest Sigma report has highlighted the effect that growing granularity of insight into customer behaviour is having on the role of insurance. Insurance’s role, Swiss Re says, is evolving from indemnification of losses to a broader consultative service on risk prevention and mitigation covering both private and commercial clients’ ... Read the full article
Swiss Re to exceed large loss budget, FY19E income revised down: JP Morgan
28th January 2020
A "noisy" period for catastrophe events is expected to see global reinsurance giant Swiss Re exceed its large losses budget in both Q4 and full-year 2019, which, combined with other factors has seen analysts at JP Morgan reduce their full-year 2019 net income for the reinsurer by 20%. The Switzerland-based reinsurer ... Read the full article
Swiss Re CorSo names Head of Casualty & FinPro North America
28th January 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurer Swiss Re, has named Laura Coppola as Head of Casualty & FinPro North America, effective January 27th, 2020. Based in New York, Coppola takes over responsibility for the company's Financial and Professional Liability (FinPro) operation in the U.S. ... Read the full article
Finance is a “critical lever” to climate transformation: Swiss Re’s Mumenthaler
28th January 2020
Swiss Re CEO Christian Mumenthaler has argued that finance – and reinsurance in particular – is a “critical lever” to achieving the kind of global transformation necessary to mitigate the impacts of climate change. Writing in an article for the World Economic Forum (WEF), Mumenthaler expressed concern about the lack of ... Read the full article
Climate change adaptation must happen at scale: Swiss Re’s Scotti at Davos
27th January 2020
The potential impacts of climate change and required adaptation has been on the re/insurance industry’s radar, but what needs to happen, is adaptation at scale, according to Veronica Scotti, Chairperson Public Sector Solutions, Swiss Re. Speaking on a panel last week at the annual World Economic Forum (WEF) in Davos, Swiss ... Read the full article
Swiss Re’s Wiest confirmed in Reinsurance COO role
27th January 2020
Following the recent appointment of Kaspar Mueller as Swiss Re’s President of Reinsurance for Latin America, it is understood that Robert Wiest has since taken up his former role as Chief Operations Officer of Reinsurance. Wiest was formerly head of Global Business Solutions in group operations and has served with Swiss ... Read the full article
Too early to understand China coronavirus threat, Swiss Re CEO explains
24th January 2020
The emerging outbreak of a previously unknown coronavirus in China is still in its early stages and data remains scarce making it challenging to understand how large a threat the virus could be, Swiss Re CEO Christian Mumenthaler explained recently. Speaking during an interview with Bloomberg TV at the World Economic ... Read the full article
Swiss Re adds Allianz’ Youngran Kim as group CTO
23rd January 2020
Global reinsurer Swiss Re has appointed Youngran Kim to the role of group Chief Technology Officer, a newly created position. Kim joins from Allianz Asia Pacific, where she has served as regional Chief Information Officer for the past two years. The appointment, based in Zurich, is effective April 1. Prior to Allianz, she ... Read the full article
Swiss Re passing climate-related price rises on to clients, says CEO at Davos
23rd January 2020
As the risk transfer industry continues to adapt to the changing climate, Swiss Re is in the process of passing climate-related price increases on to its clients, according to the firm's Chief Executive Officer (CEO), Christian Mumenthaler. In an interview with CNBC at the 2020 annual World Economic Forum (WEF) in ... Read the full article
Top reinsurers’ exposure to Wuhan coronavirus, Asia pandemic analysed
23rd January 2020
With official numbers of the Wuhan coronavirus currently standing at 585 confirmed infected and 17 dead, Morgan Stanley analysts have detailed the extent to which the top four European global reinsurers are exposed to pandemic risk in Asia. As of 2018, Munich Re wrote €2.3 billion in premiums in Asia via ... Read the full article
Swiss Re CEO urges more climate action from businesses
20th January 2020
Swiss Re CEO Christian Mumenthaler has called on private businesses across the financial sector to come together to create a more viable action plan to address the challenge of climate change. He argued that reducing the effects of climate change is a common goal that should be supported across the global ... Read the full article
Swiss Re CorSo names Sergio Bunin CEO of Mexico
16th January 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurance giant Swiss Re, has announced the appointment of Sergio Bunin as Chief Executive Officer (CEO) of Mexico, effective January 15th, 2020. Bunin has worked in the industry for more than three decades and has spent the majority of ... Read the full article
Against its peers, Hannover Re is the main beneficiary from P&C rate rises: MS
15th January 2020
Analysis of Europe's big four reinsurers by Morgan Stanley (MS) states that when compared with its peers, German reinsurance giant Hannover Re is the main beneficiary from improving property and casualty (P&C) rates. In a recent industry report, analysts at Morgan Stanley discuss the current rate environment following the January 1st ... Read the full article
Swiss Re CorSo & kWh collaborate to expand solar energy adoption
14th January 2020
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has entered into an Agency Agreement with solar risk management firm, kWh Analytics, designed to accelerate the growth of solar energy. According to Swiss Re and kWh Analytics, the InsurTech collaboration establishes a completely new category of risk ... Read the full article
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