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.
The goal is to create a single source of truth data environment, says Swiss Re’s Haycock
5th July 2021
As data quality challenges continue to hinder insurers and reinsurers, Swiss Re is looking to overcome some of the inefficiencies and develop a habitat in which valuable data is discoverable, accessible, and trusted. This is according to Swiss Re’s inaugural Chief Data Officer, Ian Haycock, who spoke with Reinsurance News recently ... Read the full article
Swiss Re’s iptiQ, ImmoScout24 launch loss of rent insurance product
29th June 2021
Swiss Re’s iptiQ has partnered with ImmoScout24, Germany’s leading online real estate platform, on a loss of rent insurance product designed to protect against the financial uncertainties that can arise from new tenancy agreements. As an insurance partner, iptiQ is offering ImmoScout24 customers a digital product that will cover the complete ... Read the full article
Peak Re hires Swiss Re’s Karlheinz Render as SVP, Europe
28th June 2021
Peak Reinsurance Company's Zurich-based subsidiary, Peak Reinsurance AG (Peak Re), has appointed Karlheinz Render as Senior Vice President, Europe. Render will be responsible for developing and maintaining client relationships in the region by providing tailored solutions to support clients’ growth aspirations. He succeeds Emmanuel Thommen, former Senior Vice President at Peak Re ... Read the full article
Re/insurers should reorient their thinking to become even more data led: Swiss Re’s Ian Haycock
24th June 2021
With advancements in technology enabling carriers to leverage data in a more meaningful way, the insurance and reinsurance industry has an opportunity to refocus its thinking, derive greater insights and transform some of the inefficiencies within the business, according to Ian Haycock, Chief Data Officer at Swiss Re. “For Swiss Re ... Read the full article
The value of capital has changed & re/insurers have to adapt: Swiss Re’s Mumenthaler
24th June 2021
As capital has become more plentiful and continues to look to insurance risks, it's no longer the main value of what carriers need to deliver in the market, which in turn has raised the importance of scale, efficiency and ownership of the client, according to Christian Mumenthaler, Chief Executive Officer ... Read the full article
Swiss Re cuts stake in Phoenix Group to 6.6%
23rd June 2021
Reinsurance giant Swiss Re has successfully reduced its shareholding in Phoenix Group Holdings plc by roughly 6.6% by selling 66,199,917 shares in the firm for £437 million. Swiss Re acquired a stake in the company last year through the sale of its ReAssure Group plc subsidiary to Phoenix. The sale was ... Read the full article
Global macroeconomic resilience cut by 18% by COVID-19: Swiss Re
15th June 2021
COVID-19’s emergence in 2020 caused macroeconomic resilience to fall by 18%, according to a Swiss Re Institute report. While global economic growth is expected to recover strongly this year after the pandemic-induced recession in 2020, the resulting macroeconomic resilience will fall short of levels seen pre-COVID-19. Meanwhile, the global insurance protection gap reached ... Read the full article
Re/insurance industry is acting as the world’s shock absorber: Mumenthaler, Swiss Re
10th June 2021
In a recent discussion with Climate Change UN, Christian Mumenthaler, Chief Executive Officer of Swiss Re, explored how the re/insurance industry is an invisible force which holds the world together and allows economies to run. During the exchange, Mumenthaler said: “It's not just Swiss Re, I think the whole insurance and ... Read the full article
Swiss Re warns of credit risks from unviable ‘zombie’ companies
8th June 2021
The latest SONAR report from Swiss Re has identified a number of threats that will shape the future post-COVID risk landscape for insurers, including increased credit and financial market risks due to unviable ‘zombie’ companies, which have been kept alive by government support programs. Other major risks highlighted by Swiss Re ... Read the full article
2021 a “pivotal year” for re/insurers’ climate efforts: Swiss Re’s Ojeisekhoba
7th June 2021
Moses Ojeisekhoba, Chief Executive Officer (CEO) for Reinsurance at Swiss Re, has warned that following the outbreak of the COVID-19 pandemic, 2021 could be a “pivotal year” for the re/insurance industry to help push for more societal resilience to climate change. As countries look to a sustainable pandemic recovery, and with ... Read the full article
Rate hardening to persist through 2022, says Swiss Re
4th June 2021
According to key market conditions identified by global reinsurer Swiss Re, price rises are expected to continue both this year and next, further increasing the profitability of new business. For example, Swiss Re notes how re/insurance rates have been hardening since 2018, with price momentum having picked up at this year's ... Read the full article
Life reinsurers hit with $4.4bn of COVID-19 claims in Q1, says Bloomberg report
1st June 2021
According to a new report from Bloomberg, the cumulative cost of COVID-19 claims for the largest life reinsurers hit $4.4 billion in the first quarter of the year as mortality rates spiked. The biggest costs for life reinsurers came from the US and to a lesser extent the UK and Canada ... Read the full article
Swiss Re hires Hermant from AIG for iptiQ APAC role
28th May 2021
Global reinsurer Swiss Re has appointed Simon Hermant to a Vice President role at iptiQ, its digital life and health insurance platform and B2B2C provider of bespoke insurance solutions. Hermant joins from AIG, where he most recently served as Head of Portfolio Management for Accident & Health, Travel and Warranty in ... Read the full article
Swiss Re sells remaining stake in New China Life: reports
28th May 2021
Reports today from media company Caixin suggest that Swiss Re may have sold its remaining stake in Beijing-based life insurer New China Life Insurance Co. Swiss Re bought 152.9 million shares in New China Life in 2013, but then sold almost half of these a few years ago in a deal ... Read the full article
Swiss Re helps complete £3.7bn longevity swap deal for Fujitsu
13th May 2021
Global reinsurer Swiss Re has helped transfer risks associated with 9,000 members of Fujitsu's ICL Group Pension Plan, after backing a new £3.7 billion longevity swap deal. By leveraging a Guernsey captive insurance cell, not only was the risk transfer’s pricing optimised, its access to reinsurance capital became more efficient. After the ... Read the full article
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