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.

Advanced & emerging markets pose unique inflation challenges: Swiss Re

14th January 2022

With inflation rates diverging significantly between advanced and emerging markets in recent months, analysts at Swiss Re warn that insurers and reinsurers will face diverse challenges in responding to this trend. Swiss Re notes that the rise in inflation since mid-2020 has been twice as steep in advanced than emerging markets. The ... Read the full article

Swiss Re offloads remaining Phoenix stake for £440m

12th January 2022

Reinsurance giant Swiss Re has exited its shareholding in Phoenix Group Holdings by selling its remaining 66,199,917 ordinary shares in the savings and retirement company for approximately £440 million. Swiss Re sold the shares at a price of 664 pence per ordinary share, or 3.1% below yesterday's close, which valued the ... Read the full article

Swiss Re’s 1863 ILS fund secures $250mn investment from Sweden’s Alecta

11th January 2022

Swiss Re Insurance-Linked Investment Management Ltd (SRILIM), the investment manager of the global reinsurer's natural catastrophe-focused 1863 fund platform, has secured an investment of USD 250 million from Swedish pension fund, Alecta. Swiss Re's wholly owned subsidiary, SRILIM, received authorisation from FINMA to act as an asset manager for investment ... Read the full article

Swiss Re Corporate Solutions unveils changes to China leadership

10th January 2022

Swiss Re Corporate Solutions, the global reinsurer's commercial insurance arm, has announced that Jingwei Jia, Chief Executive Officer (CEO) Greater China, left the company on January 6th, 2022, after 15 years of service. Jia first joined Swiss Re in 2006 as an underwriter in London. During his tenure with the company, ... Read the full article

Vesttoo names Swiss Re’s Faraz Khan as ILP Product Specialist

7th January 2022

Alternative Reinsurance and Investment platform, Vesttoo has appointed Faraz Khan as an Insurance-linked Program (ILP) Product Specialist. Most recently serving as the Vice President of Insurance Linked Securities and Retro Business Management at Swiss Re Capital Markets Corp, Khan brings over 10 years of experience in risk transfer to the capital ... Read the full article

Swiss Re Corporate Solutions acquires TMS Re

7th January 2022

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has acquired TMS Re, an ESL managing general underwriter. The transaction includes TMS Re's operations, its team of experts and business portfolio, including new and renewal business. Through this arrangement, Swiss Re Corporate Solutions broadens its ESL capabilities in the ... Read the full article

KBRA sees opportunity for Swiss Re to invest more into Granular

29th December 2021

Analysts at KBRA have suggested that there is an opportunity for Swiss Re to invest additional capital into Granular Insurance Company, a recently established precision risk company created by Verily. Granular is an accident and health insurer that focuses on an precision risk-based employer stop-loss (ESL) market, which was set up ... Read the full article

Climate change hit to supply chains will last longer than COVID-19: Swiss Re’s Ojeisekhoba

23rd December 2021

Moses Ojeisekhoba, Chief Executive Officer (CEO) for Reinsurance at Swiss Re, has warned that climate change will have a longer-lasting impact to global supply chains than has been seen from COVID-19. Supply chains around the world have been negatively impacted by the global COVID-19 coronavirus pandemic, driving inflationary fears and resulting ... Read the full article

Definity adds former Swiss Re Group CUO Schmid to Board

22nd December 2021

Multi-channel insurance carrier, Definity Financial Corporation, has added Edouard Schmid, formerly the Group Chief Underwriting Officer (CUO) of reinsurance giant Swiss Re, to its Board of Directors. Swiss Re Investments Holding Company Ltd, part of the global reinsurer which nominated Schmid to the Board, holds approximately 9.9% of Definity's common shares. Schmid ... Read the full article

Swiss Re promotes Ladva to Chief Digital & Technology Officer

16th December 2021

Global reinsurer Swiss Re has appointed Pravina Ladva as Chief Digital & Technology Officer, whilst also adding her to the group's Executive Committee. Ladva is currently Swiss Re’s Group Digital Transformation Officer, a role she has held since July 2020. Prior to this, she served as Chief Technology and Operations Officer for ... Read the full article

Swiss Re among investors in $1.4bn FWD capital raise

14th December 2021

Pan-Asian life insurer FWD Group Holdings Limited has announced that it has entered into subscription agreements with a number of investors, including reinsurer Swiss Re. Together, the investors agreed to participate in private placements which are to raise US $1.425 billion in aggregate. The private placements will take the form of cash ... Read the full article

Re/insured losses from catastrophes to hit $112bn in 2021, says Swiss Re

14th December 2021

Swiss Re has estimated that insurance and reinsurance industry losses from natural catastrophe events in 2021 has increased to $105 billion, with man-made disasters resulting in an additional $7 billion of losses. According to Swiss Re Institute's preliminary sigma estimates, this is the fourth highest annual insured loss bill from nat ... Read the full article

Litigation funding driving social inflation, Swiss Re warns

10th December 2021

In a recent report, Swiss Re has warned that third-party litigation finance (TPLF) is a major contributing factor to the trend of social inflation in the US, which is having a knock-on effect on the price and availability of many insurance covers. Swiss Re notes that the US is the centre ... Read the full article

Swiss Re to sell elipsLife to Swiss Life International

10th December 2021

Swiss Re has announced plans to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new business. elipsLife is an insurance company for institutional clients such as pension funds, collective foundations, companies, and associations. The company ... Read the full article

Latest COVID wave poses milder economic threat: Swiss Re

6th December 2021

With many parts of Europe currently experiencing a winter resurgence in COVID-19 cases and restrictions, analysts at Swiss Re have assured that this latest wave of the pandemic represents a less severe threat to economic activity than previous ones. The reinsurer’s optimism primarily stems from higher population immunity in affected countries, ... Read the full article