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’s iptiQ and Samsung partner to close $26trn L&H protection gap

25th September 2019

A subsidiary of reinsurance giant Swiss Re, iptiQ Americas, has entered into a strategic partnership with Samsung Electronics Ltd. designed to close the $26 trillion life and health (L&H) insurance protection gap. According to analysis by the Swiss Re Institute in September 2018, the huge life and health protection gap impacts ... Read the full article

Swiss Re to transfer Australian business under Asian headquarters

24th September 2019

Global reinsurer Swiss Re has announced an internal restructuring that will see the business of its Australia Branch (SRAU) transferred to Swiss Re Asia (SRAL). Swiss Re Asia was first announced in 2017 and serves clients and partners throughout the region. The company’s operations in South Korea and Singapore have already ... Read the full article

Swiss Re Corporate Solutions opens LA office

24th September 2019

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has opened a new hub for the Western United States in Downtown Los Angeles, as the firm looks to bolster its commitment to the California marketplace. The Los Angeles team will be led by Head of US ... Read the full article

Swiss Re Corporate Solutions appoints new Head of Italy

23rd September 2019

Reinsurance giant Swiss Re's commercial insurance arm, Swiss Re Corporate Solutions, has announced that appointment of Francesco Semprini as Head Italy, effective November 1st, 2019. In his new role, Semprini will be based in Milan and will be responsible for managing the strategy, development, and performance of the firm's business in ... Read the full article

Mumenthaler lays out key growth opportunities for Swiss Re

18th September 2019

Christian Mumenthaler, Chief Executive Officer (CEO) at Swiss Re, has identified what he sees as key growth opportunities for Swiss Re and the wider reinsurance market, as well as some potential challenges. Speaking in an interview with Reinsurance News, Mumenthaler noted that insurers have been buying more reinsurance following the catastrophe ... Read the full article

Re/insurers have important role in closing infrastructure gap: Swiss Re

16th September 2019

Collectively, the re/insurance industry possesses the necessary data, risk knowledge and expertise needed to enable vital infrastructure investment across the world’s emerging markets, global reinsurer Swiss Re says. While growing urban populations require substantial investment in infrastructure to enable sustainable growth, there remains a substantial gap, notes Swiss Re. Today, only about ... Read the full article

Innovative data & tech enhances mutual value creation for Swiss Re: Eric Schuh

12th September 2019

The use of advanced technology and leading data-analytics supports Swiss Re’s innovation efforts as the global reinsurer keeps clients’ needs at the heart of everything it does, according to Eric Schuh, Global Head of P&C Solutions, Swiss Re. Being one of the largest reinsurers on the planet, Swiss Re has an ... Read the full article

Reinsurance pricing is still too low, says Swiss Re CEO Mumenthaler

10th September 2019

Christian Mumenthaler, Chief Executive Officer (CEO) at Swiss Re, believes pricing in the property and casualty (P&C) reinsurance sector is still at an unacceptable level despite improvements over the last two years. Mumenthaler told Reinsurance News in a recent interview that he was confident the market would continue to bring pricing ... Read the full article

Swiss Re expects further rate increases for loss-affected, underperforming business

8th September 2019

Global reinsurance giant Swiss Re has said that it expects to see further rate increases for both loss-affected and underperforming businesses, while rates elsewhere are expected to remain stable. Throughout 2019 rates in the reinsurance industry have gained momentum, most notably in parts of the U.S. and Japan which experienced heavy ... Read the full article

Opportunity to close $1.2 trillion composite protection gap, says Swiss Re

7th September 2019

Reinsurance giant Swiss Re has said that the world economy is less resilient now than in 2007 and has highlighted a $1.2 trillion composite protection gap for three main risk areas - nat cats, mortality and healthcare spending. Swiss Re's latest sigma report, which was announced today at the annual meeting ... Read the full article

Swiss Re & Capsicum Re launch holistic cyber reinsurance solution, Decrypt

2nd September 2019

Global reinsurance giant Swiss Re has partnered with specialist reinsurance broker, Capsicum Re, on the launch of a new holistic cyber reinsurance solution, called Decrypt. The new solution offers a single, flexible, end-to-end solution to insurers' cyber risk challenges, including embedded, silent, and affirmative cyber exposures. An announcement on the release explains ... Read the full article

China’s digitisation opening up previously uninsurable risks: Swiss Re

30th August 2019

The digital transformation currently taking place across China is expanding the boundaries of re/insurance and facilitating the development of solutions for previously uninsurable risks, according to a new report from Swiss Re. Swiss Re describes digitisation as the main engine of China’s economy and expects to see exponential sector growth over ... Read the full article

Swiss Re moves above Munich Re as world’s largest reinsurer: AM Best

29th August 2019

Global reinsurer Swiss Re has knocked Munich Re from its position as the world’s largest reinsurer, as measured by year-end gross premiums written (GPW) in 2018, according to AM Best data viewable at our Top 50 Global Reinsurance Groups directory. Munich Re had led the pack every year since ... Read the full article

Advanced analytics unlocking “new frontiers” of risk for P&C re/insurers: Swiss Re

22nd August 2019

The use of increasingly advanced analytic capabilities is enabling property and casualty (P&C) re/insurers to “unlock new frontiers in risk assessment and mitigation,” according to a new sigma report from Swiss Re Institute. The study explored how insurance and reinsurance companies can use analytics to support growth through new market opportunities ... Read the full article

Swiss Re estimates insured nat cat losses of $15bn in H1 2019

15th August 2019

Global reinsurance giant Swiss Re has estimated that natural catastrophe events in the first-half of 2019 resulted in insured losses of $15 billion, down from the $21 billion recorded in the first-half of 2018. Overall, insured losses from catastrophes amounted to $19 billion in H1 2019, with $15 billion, or 79% ... Read the full article