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.

China’s Belt & Road Initiative huge opportunity for overseas insurers: Swiss Re

5th November 2018

China's ambitious Belt & Road Initiative (BRI) - an attempt by President Xi Jinping to spur investment in land and maritime trade routes that strengthen ties across Asia, the Middle East, Africa and Europe - is set to offer the insurance industry significant investment opportunities, according to a report by ... Read the full article

Rates must improve as sector struggles to meet cost of capital: Swiss Re CEO

1st November 2018

Reinsurance giant Swiss Re has underlined the need for further rate improvements across the property and casualty (P&C) industry as the sector continues to struggle to earn its cost of capital. Following years of declining rates and a soft market environment, rates in the highly competitive P&C sector increased at the ... Read the full article

Swiss Re reports positive results despite impacts of large losses

1st November 2018

Reinsurance giant Swiss Re has reported a positive first nine months to the year despite the impacts of large losses in the property and casualty reinsurance and Corporate Solutions divisions. Despite the impact of roughly $1.6 billion of natural catastrophe and man-made losses during the third-quarter, Swiss Re managed to report ... Read the full article

Economic momentum will continue to underpin premium growth: Swiss Re

29th October 2018

Current economic momentum is likely to continue to underpin premium growth for re/insurers globally, while ongoing opportunities to close the protection gap will in turn support further economic growth, according to a recent report by the Swiss Re Institute. Swiss Re said that it expects insurance premiums in advanced markets to ... Read the full article

Swiss Re appoints new CEO of UK & Ireland

23rd October 2018

Global reinsurance giant Swiss Re has announced the appointment of Tavaziva Madzinga as Chief Executive Officer (CEO) of Swiss Re in the UK & Ireland, effective January 1st, 2019. Currently, Madzinga is Market Executive for the Middle East & Africa across both P&C and L&H, and based in London, he will ... Read the full article

Re/insurance industry’s “wave of consolidation” just beginning: Swiss Re’s Reichelt

22nd October 2018

Swiss Re is anticipating an acceleration in mergers & acquisitions (M&A) activity in the global re/insurance industry as companies look to expand their business beyond traditional roles, according to Reuters. “We are at the beginning of a wave of consolidation,” Reuters quoted Frank Reichelt, Swiss Re’s Market Executive Northern, Central, Eastern ... Read the full article

Swiss Re said to have held discussions on Anbang investment

22nd October 2018

Global reinsurance firm Swiss Re has been looking at opportunities for investment in China, after a stake in Anbang Insurance is said to have been discussed with the Chinese authorities. Anbang Insurance Group is described as one of the most politically connected companies in China, having been founded by state-owned enterprises ... Read the full article

Swiss Re sees $1.4bn catastrophe & man-made loss hit from Q3 2018

18th October 2018

Global reinsurance giant Swiss Re said this morning that it is expected to take $1.4 billion of losses from natural catastrophes and man-made disasters that occurred during the third-quarter of 2018. Given Swiss Re's global operations in reinsurance and commercial insurance, the firm was always going to experience a significant hit ... Read the full article

Technology is main source of new opportunities for Swiss Re: CEO Mumenthaler

8th October 2018

Technology continues to represent the main source of new opportunities for Swiss Re in terms of unlocking new risk pools, streamlining data analysis, improving the value chain, and third-party collaborations, according to Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re. Speaking in an interview with Reinsurance News, Mumenthaler explained how, ... Read the full article

Interest rate increases to support investment income long-term: Swiss Re Institute

8th October 2018

While insurers need to improve their underwriting results if they are to redress current profitability shortfalls and anticipated near-term shareholder equity decline, rising interest rates are expected to paint a brighter future and support investment income long-term, according to a report by the Swiss Re institute. Swiss Re expects U.S rates ... Read the full article

Are brokers still contributing to the value chain? Aon & Swiss Re heads discuss

28th September 2018

As reinsurance companies increasingly develop capabilities that allow them to interact directly with customers, the position of brokers in the value chain has come into question. Speaking during events at the Reinsurance Rendez-vous event in Monte Carlo, the heads of reinsurance at Aon and Swiss Re offered contrasting opinions on the ... Read the full article

Swiss Re highlights rising global protectionism

26th September 2018

As global protectionism continues to rise there's potential for a longer-term decline in trade, which in turn will negatively impact marine and trade credit insurance premium growth, according to reinsurance giant Swiss Re's inaugural edition of its Economic Insights series. The report, titled Protectionism on the rise, and here to stay, ... Read the full article

Swiss Re Corporate Solutions hires Berger from Allianz for CEO as Galvagni steps down

24th September 2018

A new CEO has been hired for reinsurance firm Swiss Re's Corporate Solutions division, as current Chief Executive Agostino Galvagni has decided to step down from the position at the end of 2018. Galvagni is set to leave Swiss Re and the company is replacing him with Andreas Berger, who it ... Read the full article

Re/insurers overestimate the value of AI, says Swiss Re CEO Mumenthaler

18th September 2018

Reinsurers have overestimated the value of artificial intelligence (AI), which has shown very limited successes in the vast majority of the value chain and which will not be applicable in the foreseeable future, according to Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re. Speaking in a German language interview with ... Read the full article

Swiss Re & BMW partnership addresses new tech’s role in insurance premiums

14th September 2018

A new partnership between reinsurance giant Swiss Re and German multinational BMW Group that aims to account for driver-assistance systems when calculating car insurance premiums has just been announced by the two companies. With this partnership BMW will hope to leverage the rising sophistication of it’s vehicles’ safety-relevant driver-assistance systems in order ... Read the full article