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 appoints Matthias Grass as CFO
21st April 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurance giant Swiss Re, has revealed that Matthias Grass is to succeed Martin Mueller as Chief Financial Officer (CFO), effective July 1st, 2020. In his new role, Grass takes responsibility for the oversight of Swiss Re CorSo's Finance function, ... Read the full article
Swiss Re cancels share buyback programme, adds three to Board
20th April 2020
Global reinsurance giant Swiss Re has confirmed that its authorised new public share buyback programme of up to CHF 1 million (USD 1.03mn) will not be launched due to current financial market volatility being driven by the COVID-19 coronavirus pandemic. Following commentary from analysts that the Switzerland-based reinsurer's share buyback programme ... Read the full article
Swiss Re opens Life Guide underwriting manual to L&H insurers
16th April 2020
Swiss Re is opening access to its proprietary Life Guide underwriting manual to all life and health insurers for 90 days, in a response to the COVID-19 pandemic. Life Guide is designed to help users understand risks and how they interact with each other. The underwriting manual includes the ability to reference ... Read the full article
Swiss Re makes $5.2mn contribution to support global COVID-19 relief efforts
14th April 2020
Global reinsurance giant Swiss Re, through the Swiss Re Foundation, has donated CHF 5 million (USD 5.2 million) to support global COVID-19 relief efforts. The pledge has been made through the reinsurer's non-profit grant foundation, which will distribute the funds to organisations tackling the current crisis, particularly in emerging countries. Specifically, the ... Read the full article
Global recession twice as deep as 2008, shorter lived: Swiss Re’s Haegeli
9th April 2020
Swiss Re’s chief economist Jérôme Jean Haegeli believes the global recession facing us in the wake of the coronavirus pandemic could be one of the deepest, but also one of the shortest. Analysis conducted by the reinsurer projects an atypical recession which will be twice as deep and more than twice ... Read the full article
Swiss Re names Ian Haycock as Chief Data Officer
9th April 2020
Swiss Re has announced the appointment of Ian Haycock to the newly created role of Chief Data Officer, effective May 1, 2020. Together with Youngran Kim, who started as the Group Chief Technology Officer this month, Ian will help to further develop Swiss Re's digital strategy. Haycock has more than 32 years' ... Read the full article
Absence of large US hurricanes drive down 2019 losses: Swiss Re’s Sigma
8th April 2020
Data from Swiss Re’s latest Sigma report shows that an absence of large and costly hurricanes in the US saw global economic losses from natural and man-made disasters sink to $146 billion in 2019, down from $176 billion in 2018 and below the 10-year annual average of $212 billion. Of the ... Read the full article
Swiss Re expects COVID-19 impacts to be “absolutely manageable”
2nd April 2020
Executives at global reinsurance giant Swiss Re have said that at this point, the impacts of the current crisis around the COVID-19 pandemic on the company is viewed as "being absolutely manageable." In a letter to shareholders, clients and partners, Walter B. Kielholz, Chairman of the Board of Directors and Christian ... Read the full article
kWh Analytics closes Swiss Re-backed 32 MW Solar Revenue Put
1st April 2020
Solar risk management firm kWh Analytics has closed a Swiss Re-funded Solar Revenue Put for a portfolio of 4,000 projects totalling roughly 32 MW DC of capacity. This is the first publicly announced repeat closing with the Solar Revenue Put. It is structured as an insurance policy on solar production and PPA ... Read the full article
COVID-19 brings range of new complexities for insurers: Swiss Re
30th March 2020
Reinsurer Swiss Re has noted that the ongoing coronavirus (COVID-19) outbreak is introducing “a range of new complexities” for insurers in terms of claims, underwriting, policy terms, and more. These are compounded by the significant uncertainties that continue to surround the virus, such as the factors affecting mortality and infection rates. One ... Read the full article
Swiss Re names Victoria Lobo Market Exec, WSE for reinsurance
24th March 2020
Nikhil da Victoria Lobo, Swiss Re's Managing Director and Head of Americas for its Public Sector Solutions (PSS) Division, has been named Market Executive for Western and Southern Europe (WSE) for reinsurance at the Switzerland-based firm. His appointment is effective July 1st, 2020 and Victoria Lobo succeeds Claudia Cordioli, who ... Read the full article
Swiss Re has $250mn exposure to Tokyo Olympics cancellation: CFO Dacey
20th March 2020
Global reinsurance giant Swiss Re has a specific exposure of USD 250 million to the cancellation of the 2020 Tokyo Olympics, and also potential exposure in other lines as a result of the COVID-19 outbreak. Scheduled to commence on the 24th of July 2020, the ability for the Tokyo Olympics to ... Read the full article
Swiss Re Board nominates three new members for election
20th March 2020
Swiss Re’s Board of Directors has nominated Sergio P. Ermotti, Joachim Oechslin and Deanna Ong for election as new members of the Board at its April 2020 annual general meeting (AGM). Ermotti has been Group Chief Executive Officer and a member of the Group Executive Board of UBS Group since 2011. Before ... Read the full article
Swiss Re confirms potential for buyback delay
19th March 2020
Swiss Re has confirmed that there is potential for its previously announced share buyback to be delayed, owing to the ongoing uncertainty around the financial market due to COVID-19. The reinsurer said that it will still seek authorisation for the CHF 1 billion public share buyback program at its annual general ... Read the full article
Coronavirus puts Swiss Re share buyback at risk: JP Morgan
18th March 2020
Given that Swiss Re is likely to see significant mark-to-market losses on equity accounted investments in the first quarter of 2020, as well as the ongoing uncertainty to the financial market outlook on COVID-19, analysts at JP Morgan see a substantial risk that the reinsurer's previously-announced buyback will not be ... Read the full article