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 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

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