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 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
Swiss Re places parametric quake cat bond for Bayview
13th January 2020
Swiss Re Capital Markets, the insurance-linked securities (ILS) focused unit of the global reinsurer, has placed a new parametric-triggered catastrophe bond on behalf of investor Bayview. The first of its kind to be issued under Rule 144A, the cat bond is designed to cover mortgage default risk caused by earthquakes in ... Read the full article
European storm threat requires more vigilance: Swiss Re’s Edi Schmid
27th December 2019
Two decades on from storms Lothar and Martin in Europe, re/insurers need to stay vigilant and avoid ‘optimism bias,’ according to Edi Schmid, Chairman of Swiss Re Institute and Swiss Re Group Chief Underwriting Officer (CUO). In December 1999, Lothar and Martin caused economic losses of €16 billion and insured losses ... Read the full article
Global insured cat losses well below average at $56bn: Swiss Re
19th December 2019
Preliminary estimates from Swiss Re Institute suggest that total economic losses from natural and man-made disasters were around $140 billion in 2019, of which $56 billion were covered by insurance and reinsurance. Notably, insured losses are down significantly from the $93 billion recorded last year, and are well below the annual ... Read the full article
Economic slowdown & low interest rates threaten re/insurance growth: Swiss Re
18th December 2019
Slowing global economic growth, in combination with a persistent low to negative interest rate environment, is likely to impact insurance demand and industry profitability over the coming two years, according to the latest sigma report by Swiss Re. The report forecast that global non-life and life insurance market growth will ... Read the full article
Swiss Re and RenRe both launch new retro cat bonds
13th December 2019
Reinsurers Swiss Re and RenaissanceRe (RenRe) have both returned to the capital markets with new catastrophe bonds that aim to provide retrocessional protection from natural disasters. Artemis, the sister publication of Reinsurance News, was the first to report on these transactions, which could reflect a broader industry move towards alternative capital ... Read the full article
Swiss Re leads reinsurance for Indonesian Government’s nat cat cover
12th December 2019
Global reinsurance giant Swiss Re was the lead reinsurer for the Indonesian government's recently completed natural disaster insurance cover for certain state assets. Announced in late November, the Government of Indonesia signed an umbrella contract with a consortium of 56 insurers and reinsurers to protect state assets against natural disasters ... Read the full article
Swiss Re to adopt IFRS for financial statements from 2024
6th December 2019
Global reinsurance giant Swiss Re has revealed that it will adopt International Financial Reporting Standards (IFRS) for its consolidated financial statements from January 1st, 2024. Currently, explains Swiss Re Group, the consolidated financial statements of Swiss Re Ltd, Swiss Reinsurance Company Ltd and Swiss Re Corporate Solutions Ltd are prepared in ... Read the full article
Swiss Re selling ReAssure to Phoenix Group in £3.25bn deal
6th December 2019
Swiss Re has finally found its exit point from its UK closed life book consolidator business, ReAssure, agreeing to sell the ReAssure Group plc business to the largest pensions and life consolidation specialist in Europe, Phoenix Group Holdings plc in a deal worth UK £3.25bn. Swiss Re has been seeking to ... Read the full article
Swiss Re CorSo adds Seelan Naidoo to key South Africa role
29th November 2019
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has appointed Seelan Naidoo as head of property & specialty lines in South Africa. He brings with him over 30 years’ experience in the commercial insurance sector and most recently served as head of property and engineering ... Read the full article
Swiss Re targets nat cat portfolio growth in strategy update
25th November 2019
Swiss Re has confirmed it’s strategy and targets ahead of 2020, outlining plans for profitable growth in its reinsurance segment, partly through further expansion and diversification of its natural catastrophe portfolio. The reinsurer also reported on the progress of its Corporate Solutions unit, which has been focused on returning to underwriting ... Read the full article
Swiss Re CorSo launches globally standardised property policy
21st November 2019
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurer Swiss Re, has announced the launch of ONE Form, a tool designed to increase efficiency and quality in international programme delivery. The ONE Form tool serves to improve the customer experience for International Programme and Property clients and ... Read the full article
Social inflation pushing up costs in US liability insurance: Swiss Re
18th November 2019
Social inflation has emerged as a key factor pushing up loss costs in US liability insurance and could mean “significant pain” for the market in the coming years, according to a new report from Swiss Re. Analysts expect the issue to become an increasingly common theme in the next two years, ... Read the full article
Swiss Re’s Nicola Stacey joins Chaucer as CUO
18th November 2019
Specialty insurer and reinsurer Chaucer has appointed Swiss Re Europe's Nicola Stacey as Chief Underwriting Officer (CUO) as current joint Chief Executive Officer (CEO) and CUO, John Fowle, consolidates his duties to CEO. In her new role, Stacey will be responsible for both the development and execution of Chaucer's underwriting strategy, ... Read the full article
China and emerging Asia to drive premium growth, says Swiss Re
13th November 2019
Global non-life and life insurance market growth is expected to stay on trend at around 3% in 2020 and 2021, driven by emerging Asia and particularly China, according to reinsurance giant Swiss Re. The global reinsurer’s latest Sigma report underlines an anticipation of continued premium growth in spite of an expectation ... Read the full article
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