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, 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
Swiss Re opens capital markets unit in Luxembourg ahead of Brexit
29th January 2019
Swiss Re has set up a new capital markets unit in Luxembourg to ensure continuity of service for its derivative contracts after the UK leaves the European Union. Swiss Re Capital Markets Europe, S.A. was established by the reinsurer’s commercial risks division, Swiss Re Corporate Solutions, to ensure that the company ... Read the full article
JP Morgan identifies benefits of Swiss Re’s planned ReAssure IPO
28th January 2019
Swiss Re’s planned initial public offering (IPO) of its UK closed book business, ReAssure, is expected to result in a number of benefits for the reinsurer, according to analysts at JP Morgan. Swiss Re has stated that it intends to reduce its stake in ReAssure to below 50% this year to ... Read the full article
Global pension gap a major re/insurance opportunity: Swiss Re
25th January 2019
A growing crisis in the global pensions system represents a major opportunity for the life re/insurance industry to close the funding gap, according to a new report by the Swiss Re Institute. Swiss Re found that the shortfall in pension funding for the global retired population is forecast to grow by ... Read the full article
Fourth Industrial Revolution “transforming modern life”: Swiss Re’s Ojeisekhoba
24th January 2019
Swiss Re’s Chief Executive Officer of reinsurance Moses Ojeisekhoba has emphasised the re/insurance industry’s place within the so-called 'Fourth Industrial Revolution' - which he says is transforming every part of modern life with unprecedented speed and scale of technological progress and digitisation - amid the World Economic Forum’s (WEF) annual ... Read the full article
China’s interest rate reforms to support life re/insurers: Swiss Re
22nd January 2019
Reforms to China’s interest rate regime are expected to help kick-start the savings-based life insurance products segment in the country and support the development of re/insurers’ asset management capabilities, according to a report from Swiss Re Institute. Analysts predict that China’s current two-track interest rate system will become uniform by the ... Read the full article
$872m of premium accepted by foreign reinsurers between 2017-18: IRDA
21st January 2019
The International Regulatory and Development Authority of India (IRDA) says a total of $872 million in reinsurance premium was accepted by foreign reinsurance branches in 2017-18, with Swiss Re taking the largest share at $287 million. Munich Re and SCOR reported $183 million and $166 million, respectively. In the same time period, ... Read the full article
Allianz, AXA & Swiss Re among brands most praised for climate actions
21st January 2019
Re/insurers Allianz, AXA and Swiss Re are among the top five companies to receive the praise from non-governmental organisations (NGOs) in 2018 due to their actions on climate change. Data compiled by research consultancy SIGWATCH shows that the trio of re/insurers overtook global brands such as McDonald’s, Aldi and H&M as ... Read the full article
Swiss Re appoints non-exec Chairman of ReAssure, still targets IPO
18th January 2019
Global reinsurance giant Swiss Re has announced the appointment of Archie Kane as the new non-executive Chairman of the Board of Directors of ReAssure, its UK closed book business. The appointment is effective immediately, and sees Kane provide leadership to the firm's Board of Directors, as well as advise management on ... Read the full article
Swiss Re expects $1.3bn nat-cat & man-made losses in Q4 2018
15th January 2019
Reinsurance firm Swiss Re said this morning that it expects to be hit with an estimated $1.3 billion of natural catastrophe and man-made losses from the fourth-quarter of 2018. Natural catastrophe losses are expected to cost the reinsurer $1 billion, after retrocession and before tax. Man-made losses are expected to cost ... Read the full article
Swiss Re backs first county-level catastrophe insurance project in China
11th January 2019
Swiss Re has become the exclusive reinsurer to a new catastrophe insurance project in Mao County in China’s Sichuan Province, according to reports from China Financial News. The project, which is the first in China to provide catastrophe insurance at the county-level, provides the government of Mao County with financial protection ... Read the full article
Swiss Re anticipating softer, diverging global economic growth in 2019
9th January 2019
Swiss Re is anticipating a softer and diverging global economic growth in 2019, with the overall balance of risks skewed to the downside. In its latest Economic Insights report, the reinsurance giant states that it is keeping a close watch on the 'three Ps': prices, as inflationary pressures are increasing in ... Read the full article
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