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 & SAP’s accounting system completes first development stage

6th August 2018

Swiss Re has completed the first phase of its accounting solution project with Germany-based multinational software corporation, SAP SE. First announced in February 2017, the system supports multi-GAAP accounting processes for financial instruments and insurance contracts and is able to generate multi-valuations, including International Financial Reporting Standards 17. “We have combined forces ... Read the full article

Swiss Re “not the ideal owner” of ReAssure says CEO, as IPO planned

3rd August 2018

Christian Mumenthaler, the Chief Executive Officer (CEO) of reinsurance giant Swiss Re, has said that the firm is "not the ideal owner" of its UK closed book business, ReAssure, following an announcement that the reinsurer is to explore a potential Initial Public Offering (IPO) of the business in 2019. Speaking during ... Read the full article

Stronger underwriting performance drives improved P&C results for Swiss Re

3rd August 2018

Global reinsurance giant Swiss Re has reported its first-half 2018 financial results, announcing higher net income within its Property & Casualty Reinsurance (P&C Re) segment alongside solid premium growth. Swiss Re has reported Group net income of $1 billion for the first-half of the year, down from the $1.2 billion reported ... Read the full article

Swiss Re partnership targets property protection gap in Florida

30th July 2018

Swiss Re has partnered with Florida-based homeowners insurer Security First to provide policyholders with increased protection from water damage, including flood coverage. Ratings are to be based on Swiss Re’s proprietary flood model and priced according to the individual risk exposure. This allows for a more sophisticated delineation of premiums based on ... Read the full article

Space debris poses new challenge to insurers, says Swiss Re

17th July 2018

The insurance industry faces new challenges as the number of low Earth orbiting (LEO) satellite constellations are launched into areas littered with space debris, a study by Swiss Re has found. Space debris makes up over 90% of the tracked objects orbiting the Earth today and pose a profound risk to ... Read the full article

Swiss Re places Frontline’s debut $350m catastrophe bond

11th July 2018

Swiss Re Capital Markets has successfully structured the issuance of a $350 million insurance-linked security transaction by Frontline Re on behalf of Frontline Insurance, the largest for a Florida insurer since 2014. "Swiss Re is pleased to provide support to Frontline on its debut catastrophe bond issuance,” commented Jean-Louis Monnier, Co-Head of ... Read the full article

Global non-life premiums hit $2.2tn in 2017, China driving emerging markets: Swiss Re

10th July 2018

Swiss Re’s Sigma report has shown global non-life insurance premiums increased by 2.8% to $2.2 trillion in 2017, slightly above the 10-year-average of 2.1% despite being a further slowdown from the past two years. Premium growth in emerging markets slowed to 6.1% in 2017 while growth in advanced markets remained steady ... Read the full article

Fitch suggests large reinsurers can better withstand market challenges

10th July 2018

Fitch Ratings recently affirmed its stable outlook and ‘AA-‘ Insurer Financial Rating (IFR) for European reinsurance giants Swiss Re and SCOR, reasoning that the scale of the companies allows them to better withstand current market challenges. The rating agency recognised that both companies currently had very strong business profiles within the ... Read the full article

Global insurance premium growth slows but remains solid: Swiss Re

5th July 2018

Albeit at a slower pace than in 2016, global insurance premiums continued to rise in 2017 driven mainly by emerging markets, and global reinsurer Swiss Re expects continued growth in both life and non-life sectors. The latest sigma study from the Swiss Re Institute, a division of the global reinsurance giant, ... Read the full article

Leading re/insurers in effort to protect World Heritage Sites

3rd July 2018

The UN Environment’s Principles for Sustainable Insurance Initiative - the largest collaborative initiative between the United Nations and the insurance industry - has partnered with WWF and the UNESCO World Heritage Centre in a move aimed at protecting World Heritage Sites. The statement covers the re/insurance industry’s risk management, insurance and ... Read the full article

Swiss Re Corporate Solutions targets expansion with new Hamburg office

3rd July 2018

Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurance firm, has opened an office in Hamburg, Germany in an effort to expand its commercial insurance portfolio in northern Germany’s regional market. The office is already operational and through its broking partners will serve large and upper mid-sized companies, ... Read the full article

Swiss Re pulls back on re/insuring thermal coal exposures

2nd July 2018

Swiss Re is to begin implementing its thermal coal policy first announced in June 2017, no longer providing re/insurance to businesses with more than 30% exposure to thermal coal across all lines of business. The move further expands Swiss Re’s divestment from the energy source, having stopped investing in companies that ... Read the full article

Swiss Re confident about transition to autonomous vehicles, reports Deutsche Bank

29th June 2018

As the largest global motor reinsurer, Swiss Re sees itself as well placed to benefit from anticipated structural changes to the market as the industry prepares to transition to autonomous vehicles, according to Deutsche Bank. Speaking at Deutsche Bank’s third dbAccess AutoTech day in London, representatives from Swiss Re explained that ... Read the full article

ESG investments improve risk-adjusted return profile, says Swiss Re CIO

27th June 2018

Environmental, Social and Governance (ESG) investment practices "Improve the risk-adjusted return profile over the long term," according to Swiss Re's Group Chief Investment Officer (CIO), Guido Fürer. Swiss Re were one of the earliest re/insurers to adopt the criteria - which is now applied to nearly 100% of its investment portfolio - ... Read the full article

Swiss Re, SCOR, AIG elected to EU Expert Group for Sustainable Finance

19th June 2018

The European Commission has named representatives from Swiss Re, SCOR and AIG as among the list of members of its Technical Expert Group on Sustainable Finance, which will assist the Commission in developing a classification system for environmentally sustainable economic activity. The Group, which was announced in the Commission’s Action Plan ... Read the full article