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.
COVID-19 shouldn’t overshadow low-carbon transition: Swiss Re
5th June 2020
The COVID-19 crisis has brought to light new risks and trends, but a new report by Swiss Re Institute argues that the pandemic should not overshadow the need to transition to a more sustainable economy. The reinsurer noted that the recession caused by the containment measures to curb the coronavirus outbreak ... Read the full article
CPIC to pursue London listing with Swiss Re as cornerstone investor: reports
3rd June 2020
Reports have emerged claiming that China Pacific Insurance Company (CPIC) is moving forward with a London listing to support its overseas expansion, with global reinsurance giant Swiss Re serving as its cornerstone investor. In November of last year, Swiss Re confirmed that it was exploring an investment opportunity with CPIC ... Read the full article
Higher margins may offset fading investment income for major reinsurers: Fitch
29th May 2020
The financial earnings of the big four European reinsurers will be affected negatively by the COVID-19 pandemic in the short-term, but moving forward, improved technical pricing could largely offset fading investment returns, according to Fitch Ratings. As evidenced by first-quarter 2020 results, the financial impact of the COVID-19 pandemic for the ... Read the full article
Swiss Re CorSo names Robert Hunziker as APAC Head Property & Specialty
29th May 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance division of reinsurance giant Swiss Re, has appointed Robert Hunziker as Asia Pacific Head Property & Specialty, effective September 1st, 2020. In his new role, Hunziker will be based in Singapore and takes over the position from Stanley Cochrane, who is ... Read the full article
Swiss Re Corporate Solutions launches parametric hail insurance solution
27th May 2020
Swiss Re Corporate Solutions (SRCS), the commercial insurance arm of reinsurer Swiss Re, has announced the launch of a new parametric hail insurance solution, HAIL. The new parametric hail cover provides companies in the U.S. with insurance protection against the financial impact of a significant hail event. This includes things like physical ... Read the full article
Swiss Re strengthens leadership team for the Asia region
26th May 2020
Global reinsurance giant Swiss Re has announced a number of key leadership appointments for the Asia region, bolstering the executive bench to support the reinsurer's regional expansion. Anna Lee, who has been with Swiss Re for more than 17 years, has been appointed Head of New Business Development, Property & Casualty ... Read the full article
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