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 proposes doubling share buy-back program to $2bn

14th March 2019

Global reinsurance giant Swiss Re’s Board of Directors has proposed plans to introduce a new public share buy-back program consisting of two tranches of each up to CHF1 billion (US$995,000), effectively doubling the amount it returned to shareholders last month. The proposal, due to be put forward at Swiss Re’s ... Read the full article

Swiss Re partners with Falls Lake & Arrowhead on parametric quake solution

11th March 2019

Global reinsurance giant Swiss Re has partnered with primary insurer Falls Lake and managing general agent Arrowhead for the launch of Quake Assist, a parametric insurance solution providing Business Interruption (BI) cover within California, even if no damage occurs to the insured’s building. “What makes this product unique is the fact ... Read the full article

Machine learning tech can enhance wildfire modelling, says Swiss Re

6th March 2019

There is significant potential for machine learning technologies to enhance the re/insurance industry’s approach to modelling wildfire risk, which has failed to adequately predict the growing frequency of large losses in recent years, according to Swiss Re. The reinsurer stressed the possible advantages in utilising real-time data to complement probabilistic wildfire ... Read the full article

Emerging market premiums to double over next 10 years: Swiss Re

6th March 2019

Emerging market insurance premiums are forecast to more than double over the next 10 years, growing four times faster than in emerging markets, according to the latest sigma report by Swiss Re. Asia in particular is expected to grow three times faster than the world average over the next two years, ... Read the full article

Swiss Re pilots satellite imaging for use in crop claim settlements

22nd February 2019

Global reinsurance giant Swiss Re has piloted the use of satellite imaging in the claim settlement process of its crop insurance scheme, according to a report by The Hindu Business Line. The use of satellite imaging can reportedly be used to quickly estimate the drought level or soil moisture content level ... Read the full article

Swiss Re names Anette Bronder as Chief Operating Officer

21st February 2019

Swiss Re has announced the appointment of Anette Bronder as Group Chief Operating Officer (COO) and member of the Group Executive Committee, effective 1 July 2019. She will succeed outgoing COO Thomas Wellauer, who is retiring at the end of June. Bronder joins Swiss Re from T-Systems International, where she was a ... Read the full article

Large claims bill dents Swiss Re’s 2018 net income

21st February 2019

Global reinsurance giant Swiss Re has reported Group net income of $421 million for the full-year 2018, as estimated large claims of $3 billion significantly impacted the performance of both its property and casualty reinsurance (P&C Re) and Corporate Solutions' units. As well as the hit from catastrophe events in 2018, ... Read the full article

Swiss Re, Zurich offered stake in IAG’s Indian venture, say sources

19th February 2019

Swiss Re, Zurich Insurance, Gen Re and Liberty General are among a group of almost 40 companies who have been approached to buy out Insurance Australia Group’s (IAG) 26% stake in SBI General Insurance, according to sources at The Economic Times. IAG is reportedly seeking Rs 3,400 crore (US $476 million) ... Read the full article

Swiss Re completes $1bn share buy-back program

18th February 2019

Global reinsurance giant Swiss Re has completed its 2018 public share buy-back program, returning almost CHF 1 billion (US $997 million) to its shareholders. Since May 7, 2018, Swiss Re has repurchased more than 11.2 million of its shares at an average purchase price of CHF 89.17 (US $88.89) per share. This ... Read the full article

AXIS Re Strategic Partners hires Osterrieder from Swiss Re

7th February 2019

AXIS Re, the reinsurance arm of AXIS Capital Holdings Limited, has announced the appointment of Daniel Osterrieder as North America Account Executive for AXIS Re Strategic Partners. Osterrieder arrives having spent close to a decade serving across a variety of client management and treaty reinsurance underwriting roles at Swiss Re. Most recently, ... Read the full article

Public-private partnerships urgently needed to build climate resilience: Swiss Re

30th January 2019

Further cooperation is urgently needed between the public and private sectors in order build global resilience to climate change and the growing threat of natural catastrophes, according to reinsurance giant Swiss Re. Reporting from the World Economic Forum 2019 event in Davos, Switzerland, Swiss Re said that public-private partnerships, such as ... Read the full article

Swiss Re opens capital markets unit in Luxembourg ahead of Brexit

29th January 2019

Swiss Re has set up a new capital markets unit in Luxembourg to ensure continuity of service for its derivative contracts after the UK leaves the European Union. Swiss Re Capital Markets Europe, S.A. was established by the reinsurer’s commercial risks division, Swiss Re Corporate Solutions, to ensure that the company ... Read the full article

JP Morgan identifies benefits of Swiss Re’s planned ReAssure IPO

28th January 2019

Swiss Re’s planned initial public offering (IPO) of its UK closed book business, ReAssure, is expected to result in a number of benefits for the reinsurer, according to analysts at JP Morgan. Swiss Re has stated that it intends to reduce its stake in ReAssure to below 50% this year to ... Read the full article

Global pension gap a major re/insurance opportunity: Swiss Re

25th January 2019

A growing crisis in the global pensions system represents a major opportunity for the life re/insurance industry to close the funding gap, according to a new report by the Swiss Re Institute. Swiss Re found that the shortfall in pension funding for the global retired population is forecast to grow by ... Read the full article

Fourth Industrial Revolution “transforming modern life”: Swiss Re’s Ojeisekhoba

24th January 2019

Swiss Re’s Chief Executive Officer of reinsurance Moses Ojeisekhoba has emphasised the re/insurance industry’s place within the so-called 'Fourth Industrial Revolution' - which he says is transforming every part of modern life with unprecedented speed and scale of technological progress and digitisation - amid the World Economic Forum’s (WEF) annual ... Read the full article