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 open to commercial book bolt-on acquisitions: CEO Mumenthaler

4th April 2018

Global reinsurance firm Swiss Re is looking for growth within its commercial insurance book, the Corporate Solutions division, and is open to bolt-on type acquisitions to drive further growth in that area of its business. Speaking to the media this morning, Swiss Re CEO Christian Mumenthaler said that the firm would ... Read the full article

SoftBank talks ongoing, but only a 10% investment stake on the table: Swiss Re

4th April 2018

According to reinsurance giant Swiss Re this morning, the talks with Japanese technology conglomerate and investor SoftBank Group are continuing, but the expectation is that if a deal is struck it will be for a maximum of 10% of the reinsurers share capital. The reinsurer explained this morning that, "negotiations are ... Read the full article

SoftBank said to be getting closer to Swiss Re deal

29th March 2018

Japanese technology conglomerate, telecommunications and investments giant SoftBank Group is said to closing in on the acquisition of a roughly 25% stake in reinsurance firm Swiss Re, according to a report. Bloomberg said that SoftBank founder Masayoshi Son is set to offer between 100 and 105 Swiss francs per share for ... Read the full article

Swiss Re consolidates Western & Southern Europe leadership under Cordioli

27th March 2018

Global reinsurance firm Swiss Re has promoted Claudia Cordioli to a role which will see her taking responsibility for all of Western and Southern Europe at the reinsurer, as Managing Director for the region. As from April 1st, Cordioli will move into the position of CEO for Western and Southern Europe, ... Read the full article

Swiss Re partners with MassMutual’s LifeScore Labs on risk assessment algorithm

23rd March 2018

Swiss Re has announced that it will collaborate with LifeScore Labs, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), to support a new standards-based algorithmic risk scoring solution for the life re/insurance industry, called LifeScore360. LifeScore360 will be offered as an additional analytics option for Magnum, Swiss Re’s existing automated ... Read the full article

Swiss Re’s Board of Directors proposes three new members for election

16th March 2018

Swiss Re's Board of Directors has proposed Karen Gavan, Eileen Rominger and Larry Zimpleman for election as new members to the Board in the April 2018 Annual General Meeting of shareholders (AGM). Gavan has over 35 years of experience in senior finance and leadership functions across life, and property and casualty ... Read the full article

Swiss Re directors propose higher dividend and CHF 1bn share buy-back plan

15th March 2018

Swiss Re’s Board of Directors is to propose an increase in the company’s regular dividend to CHF 5.00 per share at the Annual General Meeting (AGM) of shareholders next month, and intends to acquire approval for a new CHF 1.0 billion public share buy-back programme. The buy-back programme is requested in ... Read the full article

Allianz Africa hires Arthur Yao from Swiss Re as CUO & Reinsurance Officer

14th March 2018

Allianz Africa Financial Services has named former Swiss Re Acting Head of West Africa Arthur Yao as Chief Underwriting and Reinsurance Officer, with effect from September 1st 2018. In his new role at Allianz Africa Yao will be responsible for direct underwriting and reinsurance strategies across all lines of business in ... Read the full article

Swiss Re backs innovative coral reef insurance solution

12th March 2018

Global reinsurance giant Swiss Re has supported the development of an innovative new parametric insurance solution designed to help the conservation of the Mesoamerican Reef, which includes protecting the coral reef and beach sand against the impacts of major hurricanes. The new insurance solution was announced at the 2018 World Ocean Summit ... Read the full article

Swiss Re’s Mumenthaler urges fresh solutions to growing protection gap

2nd March 2018

Chief Executive Officer (CEO) of Swiss Re, Christian Mumenthaler, has used his statement in the company’s 2017 financial review to urge reinsurers to address the growing protection gap using innovative solutions. Mumenthaler’s statement draws attention to the US $153 billion deficit in global insurance coverage, and the threat this gap poses ... Read the full article

Swiss Re Corporate Solutions approved to operate in Mexico

2nd March 2018

Global reinsurer Swiss Re's newly licensed Mexico City branch, Swiss Re Corporate Solutions México Seguros S.A. de C.V., began operations on January 2nd 2018 after receiving formal authorization from local insurance authorities. The Mexico branch will offer multi-line insurance cover to mid-sized and large companies and government entities through agents and ... Read the full article

Swiss Re & Argo backed cyber insurer Coalition raises $10 mn

1st March 2018

Swiss Re and Argo backed cyber insurer Coalition has raised $10 million in Series A funding from leading technology investors including Vy Capital, Ribbit Capital, Valor Equity Partners, Sam Altman (President, Y Combinator), and Deep Nishar (Senior Managing Director, Softbank Vision Fund). Proceeds from the funding will be used to grow Coalition’s ... Read the full article

Swiss Re enhances Corporate Solutions reinsurance protection for 2018

28th February 2018

Global reinsurance giant Swiss Re has better protected its Corporate Solutions arm for 2018, which includes a lower attachment point and the addition of aggregate reinsurance protection to cover a series of events similar to that witnessed in 2017. This is according to Edouard Schmid, Group Chief Underwriting Officer (CUO) at ... Read the full article

Swiss Re not counting out M&A, but it has to add value: CEO Mumenthaler

27th February 2018

Reinsurance giant Swiss Re, while carefully assessing a potentially transformational investment from tech giant SoftBank, is also open to mergers and acquisitions, but CEO Christian Mumenthaler explained that M&A deals have to add value. Speaking about the reinsurance firm's annual results last week, Mumenthaler said that any M&A deals it ... Read the full article

‘Technology will completely disrupt insurance industry’ warns Kielholz, Swiss Re

26th February 2018

Walter Kielholz, Chairman of Swiss Re, has dedicated a significant portion of his message in the company’s 2017 financial review to cautioning the reinsurance industry on the uncertainties posed by technology. Kielholz cites “digitalization, big data, robotics artificial intelligence” as potential threats to the stability of the industry and suggests ... Read the full article