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 in talks with SoftBank Group over investment stake

8th February 2018

Zurich headquartered reinsurance giant Swiss Re is in talks with Japanese tech conglomerate and telecommunications specialists SoftBank Group over a minority investment in the reinsurer, the company confirmed late yesterday. The Wall Street Journal broke the news, saying that Swiss Re is in advanced talks to sell SoftBank what could be ... Read the full article

Swiss Re opens Asia regional headquarters & appoints Board of Directors

31st January 2018

Swiss Re has announced the launch of its new regional headquarters in Singapore, Swiss Re Asia Pte, and has appointed a new regional Board of Directors to head up Asia operations. Lim Siong Guan, former Group President of GIC, and now Advisor to the GIC Group Executive Committee, was named as ... Read the full article

Swiss Re & India’s NIA sign MoU to develop country’s re/insurance industry expertise

24th January 2018

Reinsurance giant Swiss Re's Global Business Solutions division in India has signed a memorandum of understanding (MoU) with National Insurance Academy (NIA), under which the pair will collaborate to develop insurance and reinsurance industry skills and expertise among professionals and students across India. Under the new partnership, Swiss Re will use its ... Read the full article

MS&AD injects £505m into Swiss Re’s closed life consolidator ReAssure

24th January 2018

Japanese insurance holding company MS&AD Insurance Group Holdings Inc (MS&AD) has made its first investment commitments to buy in global reinsurance firm Swiss Re's UK closed life book consolidator ReAssure. A deal was announced in October that would see MS&AD making investments into the equity of ReAssure, across up to a ... Read the full article

Investment risks and pandemics are the biggest threats to Swiss Re: CEO

15th January 2018

Investment related risks are the biggest threat to reinsurance firm Swiss Re's profitability, closely followed by the risks posed by major pandemic outbreaks, according to Christian Mumenthaler, Chief Executive Officer. In a recent interview with NZZ am Sonntag, the CEO of reinsurance giant Swiss Re explained that the ... Read the full article

Swiss Re appoints new Head of Reinsurance for Brazil and the Southern Cone

5th January 2018

Global reinsurance giant Swiss Re has announced the appointment of Mathias Jungen as Head of Reinsurance for Brazil and the Southern Cone, and that he will act as President of Swiss Re Brasil Resseguros S.A., succeeding Margo Black. Jungen joined Swiss Re in 2006 and has held a number of roles ... Read the full article

Swiss Re CEO not convinced on reinsurers acting as venture capital

2nd January 2018

Reinsurance firm Swiss Re's Chief Executive Officer Christian Mumenthaler is not convinced that insurers and reinsurers acting as venture capital funds are doing that right thing by investing in insurtech start-ups. Speaking to the Financial Times in an interview this week, Mumenthaler is said to be sceptical of ... Read the full article

Swiss Re CEO calls for government support on cyber risks

28th December 2017

Christian Mumenthaler, the Chief Executive Officer of reinsurance giant Swiss Re, has called for governments to step up and support the industry on cyber risks, a class of business where the reinsurer wants to be "underweight." Speaking to the Financial Times in a recent interview, Mumenthaler explained that ... Read the full article

2017 global insured losses third highest on record at $136bn: Swiss Re

20th December 2017

2017 was the third highest global insured loss year on Swiss Re sigma records with preliminary loss estimates of $136 billion in global insured losses and total economic losses rising dramatically from $188 billion in 2016 to $306 billion this year. The $136 billion of global insured losses is well-above the ... Read the full article

London’s Grenfell tower demonstrates dangers of combustible cladding: Swiss Re

15th December 2017

London's Grenfell Tower tragedy in June has highlighted the dangers of combustible exterior cladding on high rise buildings - which have since become a global concern for governments and reinsurers. Swiss Re Corporate Solutions has warned of the dangers of combustible exterior cladding on high rise buildings, after reinsurers picked up the ... Read the full article

Reinsurance reduces operational costs for life insurers: Swiss Re

13th December 2017

To improve profitability and value of life insurance products, life insurers have been effectively leveraging reinsurance and capital markets by transferring longevity risk exposures, according to Swiss Re's latest sigma report. Reinsurance and capital market solutions have made life insurers more competitive, improving profitability through reducing mortality, morbidity and longevity risk ... Read the full article

Swiss Re names candidates for Board of Directors election

8th December 2017

Swiss Re's Board of Directors has nominated Karen Gavan, Eileen Rominger and Larry Zimpleman as candidates for election to join the Board at the upcoming Annual General Meeting on 20th April, 2018. Rajna Gibson Brandon has decided to step down after 17 years of service and current members Mary Francis and Robert ... Read the full article

IAG enters into risk sharing deals with Munich Re, Swiss Re, Hannover Re

8th December 2017

Insurance Australia Group Limited (IAG) said this morning that it has entered into reinsurance arrangements with three of the biggest companies in the world, as it looks to better manage the volatility in its results. The 3 quota share reinsurance agreements will see IAG cede 12.5% of its underwriting business through ... Read the full article

Swiss Re CFO steps down, Strategy Officer Dacey to replace

8th December 2017

Swiss Re's Group Chief Financial Officer David Cole is stepping down from the reinsurance firm and will be replaced by the company's Group Chief Strategy Officer, John Dacey. Effective April 1st 2018, Dacey will succeed current CFO David Cole, who will step down to follow a non-executive career, including remaining a ... Read the full article

Swiss Re’s ReAssure buying 1.1m Legal & General life policies for £650m

6th December 2017

ReAssure, the closed life book consolidator specialist unit of global reinsurance firm Swiss Re, is to acquire 1.1 million life insurance policies from Legal & General in a deal worth UK £650 million. The transaction strengthens ReAssure's position in the United Kingdon and the firm says it is consistent with its ... Read the full article