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 to see 10% rate increases at April renewals: Deutsche Bank
1st April 2019
Analysts at Deutsche Bank are anticipating that Swiss Re will have experienced price increases of around 10% at the April renewals, due to the reinsurer’s high exposure to Japanese catastrophe events in 2018. The firm believes that Swiss Re was the most affected among European reinsurers by losses from Asia/Japan, which should ... Read the full article
Technology is Swiss Re’s solution to market challenges: Ojeisekhoba
25th March 2019
Swiss Re views the integration of new technologies as both a critical opportunity for growth and the solution to many of the challenging market conditions that have tested the re/insurance industry in recent years. This is according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re, who told Reinsurance News that ... Read the full article
Swiss Re confirmed as co-insurer for Boeing & Ethiopian Airlines
18th March 2019
Swiss Re has confirmed that it is one of the minor insurance providers for Boeing Co, as well as for Ethiopian Airlines, both of which face large claims following a fatal plane crash on March 10. Boeing was pressured into grounding its entire fleet of 737 Max 8 aircraft last ... Read the full article
Swiss Re is focused on social value of protection gap: Moses Ojeisekhoba
15th March 2019
While closing the global protection gap offers huge potential for the re/insurance industry to grow its premium base, Swiss Re is focused primarily on the value of building resilience at both the individual and societal level, according to Moses Ojeisekhoba, the company's CEO of Reinsurance. Speaking during a lecture in the ... Read the full article
Swiss Re proposes doubling share buy-back program to $2bn
14th March 2019
Global reinsurance giant Swiss Re’s Board of Directors has proposed plans to introduce a new public share buy-back program consisting of two tranches of each up to CHF1 billion (US$995,000), effectively doubling the amount it returned to shareholders last month. The proposal, due to be put forward at Swiss Re’s ... Read the full article
Swiss Re partners with Falls Lake & Arrowhead on parametric quake solution
11th March 2019
Global reinsurance giant Swiss Re has partnered with primary insurer Falls Lake and managing general agent Arrowhead for the launch of Quake Assist, a parametric insurance solution providing Business Interruption (BI) cover within California, even if no damage occurs to the insured’s building. “What makes this product unique is the fact ... Read the full article
Machine learning tech can enhance wildfire modelling, says Swiss Re
6th March 2019
There is significant potential for machine learning technologies to enhance the re/insurance industry’s approach to modelling wildfire risk, which has failed to adequately predict the growing frequency of large losses in recent years, according to Swiss Re. The reinsurer stressed the possible advantages in utilising real-time data to complement probabilistic wildfire ... Read the full article
Emerging market premiums to double over next 10 years: Swiss Re
6th March 2019
Emerging market insurance premiums are forecast to more than double over the next 10 years, growing four times faster than in emerging markets, according to the latest sigma report by Swiss Re. Asia in particular is expected to grow three times faster than the world average over the next two years, ... Read the full article
Swiss Re pilots satellite imaging for use in crop claim settlements
22nd February 2019
Global reinsurance giant Swiss Re has piloted the use of satellite imaging in the claim settlement process of its crop insurance scheme, according to a report by The Hindu Business Line. The use of satellite imaging can reportedly be used to quickly estimate the drought level or soil moisture content level ... Read the full article
Swiss Re names Anette Bronder as Chief Operating Officer
21st February 2019
Swiss Re has announced the appointment of Anette Bronder as Group Chief Operating Officer (COO) and member of the Group Executive Committee, effective 1 July 2019. She will succeed outgoing COO Thomas Wellauer, who is retiring at the end of June. Bronder joins Swiss Re from T-Systems International, where she was a ... Read the full article
Large claims bill dents Swiss Re’s 2018 net income
21st February 2019
Global reinsurance giant Swiss Re has reported Group net income of $421 million for the full-year 2018, as estimated large claims of $3 billion significantly impacted the performance of both its property and casualty reinsurance (P&C Re) and Corporate Solutions' units. As well as the hit from catastrophe events in 2018, ... Read the full article
Swiss Re, Zurich offered stake in IAG’s Indian venture, say sources
19th February 2019
Swiss Re, Zurich Insurance, Gen Re and Liberty General are among a group of almost 40 companies who have been approached to buy out Insurance Australia Group’s (IAG) 26% stake in SBI General Insurance, according to sources at The Economic Times. IAG is reportedly seeking Rs 3,400 crore (US $476 million) ... Read the full article
Swiss Re completes $1bn share buy-back program
18th February 2019
Global reinsurance giant Swiss Re has completed its 2018 public share buy-back program, returning almost CHF 1 billion (US $997 million) to its shareholders. Since May 7, 2018, Swiss Re has repurchased more than 11.2 million of its shares at an average purchase price of CHF 89.17 (US $88.89) per share. This ... Read the full article
AXIS Re Strategic Partners hires Osterrieder from Swiss Re
7th February 2019
AXIS Re, the reinsurance arm of AXIS Capital Holdings Limited, has announced the appointment of Daniel Osterrieder as North America Account Executive for AXIS Re Strategic Partners. Osterrieder arrives having spent close to a decade serving across a variety of client management and treaty reinsurance underwriting roles at Swiss Re. Most recently, ... Read the full article
Public-private partnerships urgently needed to build climate resilience: Swiss Re
30th January 2019
Further cooperation is urgently needed between the public and private sectors in order build global resilience to climate change and the growing threat of natural catastrophes, according to reinsurance giant Swiss Re. Reporting from the World Economic Forum 2019 event in Davos, Switzerland, Swiss Re said that public-private partnerships, such as ... Read the full article
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