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 expects further rate increases for loss-affected, underperforming business
8th September 2019
Global reinsurance giant Swiss Re has said that it expects to see further rate increases for both loss-affected and underperforming businesses, while rates elsewhere are expected to remain stable. Throughout 2019 rates in the reinsurance industry have gained momentum, most notably in parts of the U.S. and Japan which experienced heavy ... Read the full article
Opportunity to close $1.2 trillion composite protection gap, says Swiss Re
7th September 2019
Reinsurance giant Swiss Re has said that the world economy is less resilient now than in 2007 and has highlighted a $1.2 trillion composite protection gap for three main risk areas - nat cats, mortality and healthcare spending. Swiss Re's latest sigma report, which was announced today at the annual meeting ... Read the full article
Swiss Re & Capsicum Re launch holistic cyber reinsurance solution, Decrypt
2nd September 2019
Global reinsurance giant Swiss Re has partnered with specialist reinsurance broker, Capsicum Re, on the launch of a new holistic cyber reinsurance solution, called Decrypt. The new solution offers a single, flexible, end-to-end solution to insurers' cyber risk challenges, including embedded, silent, and affirmative cyber exposures. An announcement on the release explains ... Read the full article
China’s digitisation opening up previously uninsurable risks: Swiss Re
30th August 2019
The digital transformation currently taking place across China is expanding the boundaries of re/insurance and facilitating the development of solutions for previously uninsurable risks, according to a new report from Swiss Re. Swiss Re describes digitisation as the main engine of China’s economy and expects to see exponential sector growth over ... Read the full article
Swiss Re moves above Munich Re as world’s largest reinsurer: AM Best
29th August 2019
Global reinsurer Swiss Re has knocked Munich Re from its position as the world’s largest reinsurer, as measured by year-end gross premiums written (GPW) in 2018, according to AM Best data viewable at our Top 50 Global Reinsurance Groups directory. Munich Re had led the pack every year since ... Read the full article
Advanced analytics unlocking “new frontiers” of risk for P&C re/insurers: Swiss Re
22nd August 2019
The use of increasingly advanced analytic capabilities is enabling property and casualty (P&C) re/insurers to “unlock new frontiers in risk assessment and mitigation,” according to a new sigma report from Swiss Re Institute. The study explored how insurance and reinsurance companies can use analytics to support growth through new market opportunities ... Read the full article
Swiss Re estimates insured nat cat losses of $15bn in H1 2019
15th August 2019
Global reinsurance giant Swiss Re has estimated that natural catastrophe events in the first-half of 2019 resulted in insured losses of $15 billion, down from the $21 billion recorded in the first-half of 2018. Overall, insured losses from catastrophes amounted to $19 billion in H1 2019, with $15 billion, or 79% ... Read the full article
Swiss Re to open Ivory Coast underwriting office
13th August 2019
Global reinsurance giant Swiss Re is set to open an underwriting office in Abidjan, Ivory Coast following regulatory approval from the Inter-African Conference of Insurance Markets (CIMA). Expected to be fully operational by October 1, the office will be headed by Swiss Re’s current Head of West Africa, Awa Koné. Swiss Re ... Read the full article
Swiss Re expects global life premiums to grow by 3% in next two years
8th August 2019
Swiss Re is anticipating that global life insurance premiums will grow by around 3% annually over the next two years, with most of the improvement coming from emerging markets. China in particular is likely to drive premium growth due to a recovery for demand in savings products. Growth in advanced markets, on ... Read the full article
Swiss Re exploring use of AI-driven automation tool
7th August 2019
Global reinsurer Swiss Re is working with computer software firm Expert System as it looks to harness Artificial Intelligence in the automation of tasks such as assessing risk reports or claims evaluation. Expert System says its AI-driven tool ‘Cogito’ applies human-like comprehension to make information access easier as well as faster ... Read the full article
Swiss Re’s ReAssure buying £425m closed life book business from Quilter
5th August 2019
ReAssure, the closed life book consolidator specialist unit of global reinsurance firm Swiss Re, has agreed an acquisition of a UK £425 million UK closed life insurance business from Quilter plc. The acquisition will add 200,000 customer policies and UK £12 billion of assets to ReAssure's platform and demonstrates Swiss Re's ... Read the full article
Swiss Re names Urs Baertschi CEO Reinsurance EMEA, Regional President
1st August 2019
Swiss Re has named Urs Baertschi as Chief Executive Officer (CEO) Reinsurance EMEA, Regional President and member of the Group Executive Committee, succeeding Russell Higginbotham. Baertschi's appointment is effective September 1st, 2019 and remains subject to regulatory approval. He ... Read the full article
Swiss Re to persist in selling down ReAssure stake
31st July 2019
In light of the suspension of the planned initial public offering (IPO) of ReAssure, parent Swiss Re has said that it remains committed to reducing its ownership in order to de-consolidate the business. The reinsurance giant announced in early June that it was to go ahead with plans for an ... Read the full article
Swiss Re’s reinsurance & investments offset Corporate Solutions loss
31st July 2019
A solid investment result and strong reinsurance performance helped Swiss Re record net income of $953 million in H1 2019, while the firm's Corporate Solutions segment fell to a $403 million net loss in the period. At $953 million, net income declined from the $1 billion recorded in the first-half of ... Read the full article
Swiss Re & SAP announce expansion of accounting system
30th July 2019
Global reinsurer Swiss Re and Germany domiciled multinational software corporation, SAP SE, have expanded their joint accounting solution project to include simulation, forecasting and planning capabilities. Announced in February 2017, the joint co-innovation project sees the pair collaborate on the development of a solution that tackles complex issues related to ... Read the full article