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 says “no certainty” SoftBank deal will be consumated

23rd February 2018

Swiss Re said this morning that while it's board is carefully assessing a potential transaction with Japanese tech and telecoms giant SoftBank, there is "no certainty" a common ground will be found and a deal proceed. Swiss Re confirmed recently that it has been in talks with SoftBank about the ... Read the full article

Swiss Re suffers $4.7bn catastrophe losses, profits with $331m of income for 2017

23rd February 2018

Reinsurance major Swiss Re has reported net income of $331 million across the group business in 2017 this morning, despite the catastrophes of the last year hitting the firm for $4.7 billion of losses. Swiss Re's ability to turn a profit even after such large levels of losses is testament to ... Read the full article

Swiss Re completes CHF 1 billion share buy back programme

19th February 2018

Swiss Re has completed the November 2017 launched public share buy-back programme of up to CHF 1 billion purchase value as of 16th February. Since November 2017 Swiss Re has repurchased nearly eleven million of its shares for a total purchase value of close to CHF 1 billion at an average purchase ... Read the full article

SoftBank seeking board seats at Swiss Re: Report

19th February 2018

According to the FT, the ongoing discussions between Japanese technology, telecommunications and investment giant SoftBank and its target investment reinsurance firm Swiss Re, include the former taking "multiple" board seats in the latter. Just over ten days ago the news emerged that Swiss Re is in what were termed advanced ... Read the full article

Could SoftBank investment fund Swiss Re / XL deal? – KBW

14th February 2018

Following news that global reinsurer Swiss Re is in talks with SoftBank over a minority investment in the reinsurer, and rumours that XL Group is an M&A target for large re/insurers, analysts at Keefe, Bruyette & Woods (KBW) have questioned the potential for a deal between Swiss Re and XL ... Read the full article

Swiss Re’s CatNet hazard data integrated into SpatialKey

14th February 2018

Catastrophe peril hazard data from leading reinsurance firm Swiss Re is to be made available to a wider range of re/insurers through a partnership with geospatial insurance data and analytics specialist SpatialKey. The partnership means that Swiss Re's catastrophe peril insights will be made available through SpatialKey’s proprietary underwriting solution, with ... Read the full article

SoftBank investment in Swiss Re would be credit positive: Moody’s

12th February 2018

According to rating agency Moody's, a minority investment from technology, telecommunications and investment giant SoftBank would be credit positive for reinsurer Swiss Re. The news broke last week that Swiss Re and Japanese tech conglomerate SoftBank have been in talks discussing a minority investment in the reinsurer. An intriguing proposition, as ... Read the full article

Swiss Re in talks with SoftBank Group over investment stake

8th February 2018

Zurich headquartered reinsurance giant Swiss Re is in talks with Japanese tech conglomerate and telecommunications specialists SoftBank Group over a minority investment in the reinsurer, the company confirmed late yesterday. The Wall Street Journal broke the news, saying that Swiss Re is in advanced talks to sell SoftBank what could be ... Read the full article

Swiss Re opens Asia regional headquarters & appoints Board of Directors

31st January 2018

Swiss Re has announced the launch of its new regional headquarters in Singapore, Swiss Re Asia Pte, and has appointed a new regional Board of Directors to head up Asia operations. Lim Siong Guan, former Group President of GIC, and now Advisor to the GIC Group Executive Committee, was named as ... Read the full article

Swiss Re & India’s NIA sign MoU to develop country’s re/insurance industry expertise

24th January 2018

Reinsurance giant Swiss Re's Global Business Solutions division in India has signed a memorandum of understanding (MoU) with National Insurance Academy (NIA), under which the pair will collaborate to develop insurance and reinsurance industry skills and expertise among professionals and students across India. Under the new partnership, Swiss Re will use its ... Read the full article

MS&AD injects £505m into Swiss Re’s closed life consolidator ReAssure

24th January 2018

Japanese insurance holding company MS&AD Insurance Group Holdings Inc (MS&AD) has made its first investment commitments to buy in global reinsurance firm Swiss Re's UK closed life book consolidator ReAssure. A deal was announced in October that would see MS&AD making investments into the equity of ReAssure, across up to a ... Read the full article

Investment risks and pandemics are the biggest threats to Swiss Re: CEO

15th January 2018

Investment related risks are the biggest threat to reinsurance firm Swiss Re's profitability, closely followed by the risks posed by major pandemic outbreaks, according to Christian Mumenthaler, Chief Executive Officer. In a recent interview with NZZ am Sonntag, the CEO of reinsurance giant Swiss Re explained that the ... Read the full article

Swiss Re appoints new Head of Reinsurance for Brazil and the Southern Cone

5th January 2018

Global reinsurance giant Swiss Re has announced the appointment of Mathias Jungen as Head of Reinsurance for Brazil and the Southern Cone, and that he will act as President of Swiss Re Brasil Resseguros S.A., succeeding Margo Black. Jungen joined Swiss Re in 2006 and has held a number of roles ... Read the full article

Swiss Re CEO not convinced on reinsurers acting as venture capital

2nd January 2018

Reinsurance firm Swiss Re's Chief Executive Officer Christian Mumenthaler is not convinced that insurers and reinsurers acting as venture capital funds are doing that right thing by investing in insurtech start-ups. Speaking to the Financial Times in an interview this week, Mumenthaler is said to be sceptical of ... Read the full article

Swiss Re CEO calls for government support on cyber risks

28th December 2017

Christian Mumenthaler, the Chief Executive Officer of reinsurance giant Swiss Re, has called for governments to step up and support the industry on cyber risks, a class of business where the reinsurer wants to be "underweight." Speaking to the Financial Times in a recent interview, Mumenthaler explained that ... Read the full article