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.
John Chen to step down as President of Swiss Re China
3rd December 2021
Reinsurer Swiss Re has announced that John Chen has decided to retire from his role as President of Swiss Re China and General Manager of the Beijing Branch. Chen will step down as of January 31, 2022, following five years at Swiss Re. Swiss Re has asked Brian Han, Deputy Head of ... Read the full article
Severe stagflation scenario would hurt insurers, warns Swiss Re
30th November 2021
Analysts at Swiss Re have warned that a severe ‘stagflation’ event, similar to that seen in the 1970s, would hurt re/insurers due to weakening premium revenues and poor investment returns. The reinsurer defines stagflation as persistently high inflation coinciding with weak economic growth and high unemployment. A surge in US Consumer Price ... Read the full article
Swiss Re targets enhanced user experience with TCS partnership
24th November 2021
Global reinsurer Swiss Re has broadened its partnership with international IT services, consulting, and business solutions organisation, Tata Consultancy Services (TCS), in an effort to drive greater collaboration and innovation across the business. TCS is part of the Tata group, India's largest multinational business group, and also a Microsoft Gold Partner, ... Read the full article
Swiss Re & Baidu partner on autonomous driving insurance
19th November 2021
Global reinsurance giant Swiss Re and Chinese tech giant Baidu have partnered to advance insurance and risk management for autonomous driving and autonomous vehicles. The companies announced this morning that Swiss Re will work with the technology firm to provide risk management expertise and innovative insurance products for Baidu’s autonomous driving ... Read the full article
Global non-life premiums to rise 7.1% by 2024, Swiss Re’s Sigma report predicts
17th November 2021
Swiss Re Institute, a subsidiary of the reinsurance giant, has predicted global non-life premiums to rise 7.1% by 2024, with improved property-catastrophe and casualty rates seen as driving factors. Meanwhile, the firm's long-running Sigma report expects life premiums to increase 5.6% globally in the same period. Higher risk awareness and strong demand ... Read the full article
Swiss Re questions carbon reduction outcomes of COP26 pledges
16th November 2021
In a new report, Swiss Re has raised concerns about the adequacy of the commitments that have come out of the recent COP26 climate talks in Glasgow, suggesting that the pledges “do not unambiguously put the world on a sustainable carbon-reduction trajectory.” The COP26 summit prompted new net-zero targets and agreements ... Read the full article
Swiss Re’s Mumenthaler named Chairman of The Geneva Association
15th November 2021
Swiss Re Chief Executive Christian Mumenthaler has been appointed Chairman of The Geneva Association, having served as Vice Chairman since late 2019. Mumenthaler succeeds Intact CEO Charles Brindamour in the role, while Lee Yuan Siong, CEO & President of AIA, will step into his previous position as Vice Chairman. Additionally, Aviva CEO Amanda ... Read the full article
Fitch highlights strong 9M earnings from Europe’s top 4 reinsurers
15th November 2021
Europe’s four biggest reinsurers are said to have demonstrated strong earnings improvements over the course of 2021’s first nine months, despite what was a period of heavy catastrophe losses for the sector. Fitch Ratings' analysts explained how Munich Re, Swiss Re, Hannover Re and SCOR all posted ... Read the full article
Swiss Re names new Head of P&C Analytics, APAC
10th November 2021
Global reinsurer Swiss Re has appointed Monami Mukherjee as Head of Property & Casualty (P&C) Analytics for the Asia Pacific region, supporting the firm's commitment to provide cutting-edge data and analytics solutions across the P&C sector. She brings 17 years of experience across P&C Actuarial and Strategy Operations in primary markets ... Read the full article
Swiss Re CorSo’s PULSE platform to be deployed by MSIG
8th November 2021
Swiss Re Corporate Solutions’ PULSE platform is set to be leveraged by Tokyo-headquartered commercial insurer MSIG in an effort to help improve the way it structures and manages customers' multinational insurance programs. MSIG's customers will also be able to access self-service tools to manage and view their global risks and coverages ... Read the full article
Reinsurance tech adoption a mixed bag, but opportunity is huge: Webcast
5th November 2021
As the push for efficiency, digitalisation and innovation continues to gain traction in the global reinsurance industry, leaders and executives from across the risk transfer and technology sectors are optimistic about the future. Yesterday, we hosted a live webcast alongside sister publication Artemis, and in association with ... Read the full article
Global liability premiums will grow by 4.7% each year: Swiss Re
2nd November 2021
Global reinsurance giant Swiss Re has released a new report which forecasts that global liability premiums will grow by 4.7% on average each year up until 2040. This is expected to reach USD 583 billion and account for 13% of all Property & Casualty business (P&C). The repost noted that this will ... Read the full article
Swiss Re CFO cautiously optimistic on 2022 rate improvements
29th October 2021
Swiss Re CFO John Dacey, speaking during a media call this morning, highlighted the reinsurer’s move away from certain lower-layers of risk to help protect earnings while expressing cautious optimism for industry-wide positive rate improvements in the run up to 1/1. Dacey noted how an increased frequency and severity of weather ... Read the full article
Swiss Re posts solid net income for 2021 on strong P&C reinsurance performance
29th October 2021
Global reinsurance giant Swiss Re has reported net income of USD 1.3 billion for the first nine months of 2021, driven by the strong performance of its property and casualty (P&C) segment which more than offset a COVID-driven loss within its life and health (L&H) business. Overall, Group net income increased ... Read the full article
Swiss Re eyes stake in India’s Paytm Insuretech for $123mn
27th October 2021
According to local reports, reinsurer Swiss Re is planning to make a Rs 920 crore (USD 123 million) investment in the Paytm Insuretech Private Limited (PIT) business of Indian financial services firm Paytm, through which it will take a 23% stake in the initiative. Paytm, which specializes in digital payment systems, ... Read the full article
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