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 sells German subsidiary Movingdots to Powerfleet
10th March 2023
Swiss Re has agreed to sell its Germany-based subsidiary Movingdots, a provider of insurance telematics and sustainable mobility solutions, to Powerfleet. Movingdots’ buyer is described as a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimise the performance of mobile assets and resources to unify business operations. In partnership ... Read the full article
Swiss Re’s iptiQ and Emil Frey Group launch new digital insurance solution
9th March 2023
Emil Frey Group, a Swiss group of companies with various businesses in the automotive space, has partnered with iptiQ, Swiss Re's B2B2C digital insurer, to launch a digital insurance solution named Emily Frey protect. According to the announcement, this new partnership combines Emil Frey's customer-centric focus in the automotive market with ... Read the full article
Swiss Re & ICEYE provide parametric flood cover for NYC neighborhoods
7th March 2023
Guy Carpenter, Swiss Re Corporate Solutions, and ICEYE are set to provide technical assistance to the Centre for NYC Neighborhoods (CNYCN) on a new parametric product to protect high-flood-risk NYC neighborhoods. CNYCN has launched the new pilot project in partnership with the Mayor’s Office of Climate & Environmental Justice (MOCEJ), the ... Read the full article
Swiss Re closes $700m multi-year stop-loss transaction led by J.P. Morgan
7th March 2023
Global reinsurance giant Swiss Re has secured its second multi-year stop-loss transaction with funding led by J.P. Morgan, providing the reinsurer with USD 700 million in underwriting protection as it targets profitable growth in an attractive reinsurance market. The financing builds upon an innovative hybrid transaction concluded with J.P. Morgan ... Read the full article
Swiss Re partners with automotive tech firm Luminar
1st March 2023
Reinsurance giant Swiss Re and automotive tech firm Luminar have partnered to advance assisted driving and improve safety while reducing the costs of consumer adoption. Luminar notes that the first step of the joint initiative is to analyse the on-road performance and safety improvements of consumer and commercial vehicles equipped with ... Read the full article
Swiss Re names Monica Ningen CEO of US P&C Reinsurance
20th February 2023
Reinsurance giant Swiss Re has appointed Monica Ningen as CEO of US P&C Reinsurance, with Jolee Crosby set to take over Ningen’s former role as President & CEO of Swiss Re Canada & English Caribbean. As the new head of US P&C, Ningen will lead a team of client managers, claims ... Read the full article
Pricing in climate change a “complete priority” for Swiss Re: Mumenthaler
17th February 2023
Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re, has asserted that adequately pricing in the effects of climate change to its policies is a “complete priority” for the reinsurer. His comments came as part of a media call held alongside the release of Swiss Re’s results for 2022, during which ... Read the full article
Swiss Re reports dip in net income amid economic inflation & large nat cats
17th February 2023
Global reinsurance giant Swiss Re has today announced net income of $472 million for the full year 2022 compared with $1.4 billion a year earlier, as the impact of economic inflation on expected claims impacted its P&C businesses, and large natural catastrophe losses exceeded expectations at $2.7 billion. The group's full ... Read the full article
Interest rate rises signal relief for re/insurers’ returns: Swiss Re
10th February 2023
Analysts at Swiss Re have reported that a move towards monetary policy normalisation is positive for re/insurers, as investment income is a key driver of earnings for the sector. However, they add that higher interest rates and less bond market intervention by central banks could also mean a return to a ... Read the full article
Swiss Re’s Mike Mitchell set to leave the company in late 2023
9th February 2023
Mike Mitchell, Head of Property & Specialty UW at reinsurance giant Swiss Re, has announced that he will be leaving the firm towards the end of the year. In a statement, Mitchell said that he has agreed with Swiss Re to help complete the July 1st renewals before he departs later ... Read the full article
Swiss Re partners with SBLI on automated claims experience
7th February 2023
Reinsurance giant Swiss Re has partnered with The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) to offer customers Swiss Re’s Automated Claims Experience solution. The reinsurer's automated claims experience is a digital tool that guides beneficiaries through the claims process. Swiss Re's tool uses simple empathetic language, which is designed ... Read the full article
Swiss Re targets improved efficiency with simpler set-up
2nd February 2023
Swiss Re, one of world's largest reinsurers, has announced plans to streamline its organisational structure, which includes splitting its Reinsurance Business Unit into P&C Re and L&H Re. Subject to regulatory approvals, the changes are effective April 3rd, 2023, and designed to simplify structures and improve efficiency and client experience. The new ... Read the full article
Swiss Re CorSo extends UNIQA agreement on intl. programs
31st January 2023
Swiss Re Corporate Solutions, the commercial direct risk underwriting arm of Swiss Re, has announced that it will provide PULSE & Network to the UNIQA Group. With PULSE & Network, Swiss Re Corporate Solutions is offering UNIQA a single online platform to manage and deliver structured international programmes. This is supplemented with ... Read the full article
Customers are ready for telematics motor insurance products: Swiss Re
30th January 2023
There is a significant target market for telematics motor insurance products, a recent survey by IoT Insurance Observatory and the Automotive and Mobility Solutions team at Swiss Re has confirmed. Telematic insurance products have been going through years of development and refinement, despite this they are not mainstream yet, Swiss Re ... Read the full article
Swiss Re’s iptiQ and Candid announce partnership
30th January 2023
UK-based insurtech Candid and Swiss Re’s iptiQ have entered into a distribution partnership to provide affordable and accessible life insurance solutions to UK customers. This strategic partnership harnesses Candid's leading position in distributing life insurance products to UK customers and iptiQ’s cutting-edge digital B2B2C insurance platform, combined with its underwriting expertise. According ... Read the full article
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