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.

NAGICO and Swiss Re sign reinsurance treaty renewal at sea

7th January 2019

NAGICO Group and Swiss Re have renewed their Excess of Loss (XoL) reinsurance treaty with a symbolic signing 1,500 miles from land on a boat in the Atlantic Ocean. The treaty, which became effective on 1 January 2019, was signed by Cameron Parker, Head of P&C Structured Solutions for Continental Europe ... Read the full article

Swiss Re Corporate Solutions introduces parametric water-level insurance

7th January 2019

Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has announced the launch of FLOW, a parametric water-level insurance solution. Designed to protect companies in Europe from the financial impact of high or low river water levels - such as lost revenue due to business interruption or increased costs ... Read the full article

Rothesay reportedly planning to acquire Swiss Re’s ReAssure

4th January 2019

Specialist insurance firm Rothesay Life is reportedly planning a £3.5 billion acquisition of ReAssure, the UK arm of reinsurance giant Swiss Re, according to Sky News reports. Global reinsurer Swiss Re announced last year that it planned to explore a potential IPO of ReAssure in 2019, with the firm's Chief Executive ... Read the full article

Global economy has become less resilient, but insurtech can help: Swiss Re

4th January 2019

The global economy has become less resilient to shocks in the ten years following the financial crisis, but new public-private partnerships, in combination with the use and development of new technological capabilities, can help to strengthen it, according to reinsurance giant Swiss Re. In the company’s latest sigma report, titled ‘Global ... Read the full article

AmTrust and Swiss Re enter into quota share on $2.9bn of U.S commercial risk

2nd January 2019

Property and casualty insurer AmTrust Financial Services has entered into a quota share agreement with Swiss Re for 2019 that covers U.S small commercial business totalling an estimated $2.9 billion in projected written premiums, with Swiss Re projected to assume approximately $1.05 billion on an inforce, new and renewal basis. The ... Read the full article

Swiss Re Corporate Solutions enters MGA agreement with EF Marine

28th December 2018

Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has entered into a Managing General Agent (MGA) agreement with EF Marine, effective January 1st, 2019. The firm states that the new partnership provides it with entry into a niche and expanding marketplace that requires a high level of specialisation ... Read the full article

Swiss Re keen to profit from any market weakness: Mumenthaler

28th December 2018

Swiss Re is keen to find ways to profit from weaknesses in the global insurance and reinsurance market, with acquisitions a possible route, although pricing remains unattractive, according to CEO Christian Mumenthaler. The Swiss Re chief said in an interview with the Financial Times that his firm would be keen to ... Read the full article

Swiss Re to provide KFH Takaful with reinsurance

24th December 2018

Swiss Re has signed an agreement to provide reinsurance throughout 2019 to KFH Takaful, a global provider of Islamic banking services. The takaful market, which is the Islamic alternative to insurance, attracted gross premium contributions of $14.9 billion in 2015, and is estimated to have attracted over $20 billion in 2017. KFH ... Read the full article

Swiss Re takes further investment in ReAssure from MS&AD

20th December 2018

Global reinsurance firm Swiss Re has taken a further minority investment from insurance holding company MS&AD into ReAssure, taking the Japanese firms stake to 25%. MS&AD Insurance Group Holdings Inc (MS&AD) already holds around 15% of the shares in Swiss Re's UK closed life book consolidator ReAssure, having bought into ... Read the full article

Re/insurers to cover more than half of global cat losses in 2018: Swiss Re

18th December 2018

The re/insurance industry is expected to cover more than half of the total economic costs from natural and man-made catastrophes in 2018, which are estimated to be around $155 billion, according to the latest sigma report from Swiss Re. Swiss Re predicts that global re/insured catastrophe losses will reach $79 billion ... Read the full article

Swiss Re appoints Mark Hodges to lead ReAssure into planned IPO

17th December 2018

Swiss Re has appointed Mark Hodges as Chief Executive Officer (CEO) of its UK closed book business, ReAssure, as it continues to explore options for a potential initial public offering (IPO) in 2019. Hodges, who is currently CEO of the Consumer division at British energy and services company Centrica, will be tasked ... Read the full article

Alternative capital growth to further restrict pricing cycles: Swiss Re

14th December 2018

Alternative capital has matured into an integral player in the property catastrophe reinsurance and retrocession markets, but its continued growth is likely to further curb the volatility of the overall underwriting cycles, according to a report from the Swiss Re Institute. Over the last decade, the alternative capital market has become ... Read the full article

Swiss Re appoints Paul Murray as Head of Life & Health Products

7th December 2018

Swiss Re has announced the appointment of Paul Murray to the position of Head Life & Health (L&H) Products, effective immediately. He takes on the role from Russell Higginbotham, who was appointed as Swiss Re’s Chief Executive Officer (CEO) for Reinsurance EMEA in September. Murray has been with Swiss Re since ... Read the full article

Swiss Re Corp Solutions appoints Aerni as Global Head of Casualty, FinPro Lines

7th December 2018

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Phillippe Aerni as Global Head of Casualty, Financial & Professional Lines, effective 1 January 2019. Based in Zurich, Aerni will assume the Global Casualty role from Daniel Vetter, who moves into the role of Head E&S North ... Read the full article

Slowdown of mortality rate improvement crucial to longevity risk takers: Swiss Re

5th December 2018

As it is a risk that cannot be easily diversified or perfectly hedged, governments and private financial institutions exposed to longevity risks should pay close attention to the recent slowdown in life expectancy improvements throughout advanced nations, according to Swiss Re. In its latest Sigma report Swiss Re says that, while ... Read the full article