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.

ESG investments improve risk-adjusted return profile, says Swiss Re CIO

27th June 2018

Environmental, Social and Governance (ESG) investment practices "Improve the risk-adjusted return profile over the long term," according to Swiss Re's Group Chief Investment Officer (CIO), Guido Fürer. Swiss Re were one of the earliest re/insurers to adopt the criteria - which is now applied to nearly 100% of its investment portfolio - ... Read the full article

Swiss Re, SCOR, AIG elected to EU Expert Group for Sustainable Finance

19th June 2018

The European Commission has named representatives from Swiss Re, SCOR and AIG as among the list of members of its Technical Expert Group on Sustainable Finance, which will assist the Commission in developing a classification system for environmentally sustainable economic activity. The Group, which was announced in the Commission’s Action Plan ... Read the full article

Swiss Re backs invasive species insurance study

13th June 2018

Swiss Re has backed the findings of a recent study by students from Johns Hopkins University that explores the role of insurance as a response to the growing threat of pests and invasive species. The report, titled “Building Resilience to the Economic Threat of Invasive Species”, found that efforts to manage ... Read the full article

New technologies to stimulate struggling engineering sector: Swiss Re

13th June 2018

The adoption of new technologies in construction could lead to significant improvements in efficiency for engineering insurance, a sector that has largely stagnated in recent years, according to a new study by Swiss Re’s sigma. Global engineering insurance premiums were estimated to total around $21 billion in 2017, but have suffered ... Read the full article

Swiss Re to acquire 13.81% stake in Kenyan insurer, Britam

12th June 2018

Global reinsurance giant Swiss Re is to acquire a 13.81% stake in Britam Holdings, Kenya's largest company in the life insurance and pension annuity sector, for an undisclosed fee. According to an announcement, Swiss Re will acquire 348,504,000 ordinary shares in Britam from one of its key shareholders, Plum LLP. Once the ... Read the full article

Information and education critical to tackling U.S flood risk, says Swiss Re’s Junge

6th June 2018

Tackling the challenge of U.S flood risk will require re/insurers to focus on educating property owners while at the same time developing more detailed resources, such as flood maps and risk models, according to Swiss Re Senior Treaty Underwriter Matt Junge. Although floods cause around $15 billion of economic damage every ... Read the full article

Swiss Re appoints new President & CEO of Canada & English Caribbean

4th June 2018

Monica Ningen has been appointed as President & Chief Executive Officer (CEO) of Swiss Re Canada & English Caribbean, effective July 1 2018. The appointment will see her occupy the Toronto-based position following 12 years of distinguished service at the re/insurer. Ningen succeeds Veronica Scotti, who occupied the position for over 3 ... Read the full article

Swiss Re report highlights most significant emerging risks facing re/insurers

31st May 2018

The release of Swiss Re’s SONAR report, a crowdsourcing tool leveraging the firm’s internal risk management experience, highlights what they believe to be the most compelling emerging risks re/insurers face globally. Emerging risks are volatile and hard to quantify due to the pace at which they evolve but have the potential ... Read the full article

Swiss Re ends SoftBank talks with no agreement

28th May 2018

Global reinsurance group Swiss Re has announced that it has ended discussions about a minority stake investment with Japanese technology & telecoms investor & conglomerate SoftBank. The pair have been in discussions about SoftBank acquiring a stake in Swiss Re since February. At first it was reported that SoftBank would look to ... Read the full article

Swiss Re strikes global licence deal with CMS

22nd May 2018

Leading reinsurance provider, Swiss Re, has secured the right to embed Collision Management Systems’ (CMS) software into its telematics based re/insurance proposition, following the purchase of a global licence. The deal with CMS allows Swiss Re the ability to process vehicle data from any telematics system and deliver a reliable crash ... Read the full article

Swiss Re assessing impact to business following U.S. Iran withdrawal

21st May 2018

Following President Trump's announcement on May 8th that the U.S. is withdrawing from the Iran nuclear deal and subsequently reimposing sanctions, global reinsurer Swiss Re is assessing the impact of the U.S. withdrawal on its business. After the removal of sanctions in January 2016, numerous insurers and reinsurers have either conducted ... Read the full article

Swiss Re partnership set to shake up home-insurance sector in Cyprus

17th May 2018

Global reinsurer Swiss Re has teamed up with next-generation insurer Hellas Direct and one of Europe’s fast-rising banking alternatives, Revolut, in a move aimed at delivering an innovative and customer-focused home-insurance experience for Cyprus-based policyholders. In a strategic partnerships between a disruptive company and a traditional reinsurance powerhouse, the collaboration is ... Read the full article

There will be opportunities for continued price firming: Swiss Re CFO

10th May 2018

John Dacey, the Group Chief Financial Officer (CFO) of global reinsurer Swiss Re, noted improved rates in P&C business following the catastrophe events of 2017, but stressed an expectation that the market should have reacted stronger than it did, speaking during the firm's Q1 2018 earnings call. As global insurers and ... Read the full article

Softbank’s interest in Swiss Re deal reported to be waning

7th May 2018

According to media reports this weekend, Japanese technology & telecoms investor & conglomerate SoftBank's interest in securing a deal with global reinsurer Swiss Re is waning, as talks drag on. As we reported last week, it's been said that Swiss Re’s talks with SoftBank had stalled, which led the CFO ... Read the full article

No clear indication SoftBank talks will result in a transaction: Swiss Re CFO

4th May 2018

While the negotiations between Swiss Re and SoftBank are still ongoing, according to the reinsurance firms CFO John Dacey, there is "no clear indication" that any deal will be struck and the pair are no closer to a deal, but he also wouldn't be drawn on whether talks with other ... Read the full article