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.

Major reinsurers combined ratios over 100% on normalised basis: Fitch

16th March 2017

On a normalised basis major European reinsurers combined ratios were over 100% last year, but industry players benefitted from unusually favourable circumstances with lower-than-expected major losses and large prior year reserve releases meaning carriers maintained resilience in a tough market, according to Fitch. This normalised combined ratio rate of over 100% means under ... Read the full article

Swiss Re Board of Directors proposes election of three new members

16th March 2017

The Board of Directors at global reinsurer Swiss Re has proposed to elect three new non-executive and independent board members, in Jay Ralph, Joerg Reinhardt and Jacques de Vaucleroy. The reinsurance giant announced in a recent statement that its Board of Directors proposes to elect the new members at the AGM on ... Read the full article

Swiss Re Corporate Solutions opens Malaysia office, names Country Head

7th March 2017

Swiss Re Corporate Solutions has expanded operations in Malaysia, with the launch of a new local office in Kuala Lumpur. The office, which began operations on March 1st, 2017, will service large and upper mid-sized Malaysian businesses through broking partners and intermediaries, and will function under a Labuan FSA reinsurance license. Fred ... Read the full article

Swiss Re highlights role of re/insurance in cyber risk

6th March 2017

Swiss Re has launched its new re/insurance think tank, the Swiss Re Institute, with the release of a report that investigates the growing sphere of cyber risk, examining constraints in risk assessment as well as potential new models for risk analytics and coverage. Opportunities for reinsurance are expanding in the fast-developing ... Read the full article

Swiss Re Corporate Solutions names Paul Atkinson Country Head, Japan

2nd March 2017

Swiss Re Corporate Solutions has appointed Paul Atkinson to replace Juerg Stoll as Country Manager for Japan, effective immediately. Atkinson has extensive commercial insurance experience and has worked in London, Hong Kong, Japan, and Taiwan, and is a fluent Japanese speaker. The appointment sees Atkinson replace Stoll, who has been appointed Country ... Read the full article

Swiss Re targets mid-sized commercial insurance market for growth

27th February 2017

Global reinsurance firm Swiss Re is expanding the remit of its Corporate Solutions division to offer commercial insurance solutions to mid-sized corporations. The Swiss Re Corporate Solutions model has been to target the very large corporate risk managers, offering their balance-sheet and underwriting expertise to create large, often complex, tailored insurance ... Read the full article

Swiss Re to add ex-Allianz exec Jay Ralph and Joerg Reinhardt to Board

24th February 2017

Swiss Re has announced that Jay Ralph and Joerg Reinhardt have been proposed for election to the Board of Directors as new, non-executive members - the election is set for April 21st at the Annual General Meeting of shareholders. Jay Ralph has most recently acted as a member of the Board ... Read the full article

Swiss Re’s renewal price quality decreases, pulls back on China

23rd February 2017

Reinsurance firm Swiss Re has pulled back significantly on underwriting in China, blaming that market a leading driver of an 18% reduction in premium volume renewed on January 1st 2017. Swiss Re only renewed $8.5 billion of premiums at the latest 1/1 reinsurance renewal, down 18% from the $10.3 billion underwritten ... Read the full article

Swiss Re names Edouard Schmid to Group CUO, as Weber steps down

23rd February 2017

Mathias Weber, the Group Chief Underwriting Officer of global reinsurance firm Swiss Re, is stepping down from his role and the company is replacing him by promoting Edouard Schmid to the role. Weber has been with Swiss Re for 25 years and took the role of Chief Underwriting Officer since April ... Read the full article

Swiss Re backed livestock insurance scheme to payout $2 million

21st February 2017

Swiss Re has announced the Kenyan Livestock Insurance Programme (KLIP) will be making a payout of about $2 million to 12,000 Kenyan farmers at the end of February, with index-based payments pegged to satellite measurements of data set to roll out with the average payout at $170 per household. The innovative insurance programme collects ... Read the full article

Hannover Re & Swiss Re take 90% of Sri Lankan agricultural re/insurance scheme

17th February 2017

Hannover Re and Swiss Re have taken a 90% share in Sri Lanka’s state-owned National Insurance Trust Fund (NITF) agricultural insurance scheme; accepting a respective 50% and 40% of the placement, which was made through reinsurance broker J.B. Boda & Co. Three other global reinsurers, which includes Munich Re, share the ... Read the full article

AIG hopes to renew Swiss Re casualty quota share on better terms for 2018: Hancock

16th February 2017

Speaking at an insurance conference run by Bank of America Merrill Lynch this morning, Peter Hancock, the CEO of insurance giant AIG, said that he hopes the company will be able to renew its casualty quota share reinsurance arrangement with Swiss Re on better terms in 2018. AIG entered into a ... Read the full article

Jim George named Global Head of Claims, Swiss Re Corporate Solutions

14th February 2017

Global reinsurance giant Swiss Re's Corporate Solutions division has appointed Jim George as Global Head of Claims, succeeding Nicola Parton. George will be tasked with leading Swiss Re Corporate Solutions' global claims operations and will also serve as a member of Corporate Solutions' Management and Business Management Committees. Over the last 20 ... Read the full article

Christopher Gray joins Sompo Canopius Re from Swiss Re

13th February 2017

Japanese specialist reinsurer, Sompo Canopius Re, has appointed Christopher Gray as its new head of Protection & Indemnity (P&I) reinsurance. Joining from reinsurance giant Swiss Re, Gray will take up his new role immediately, and report to Andy Gladwin, global head of marine treaty. Gladwin said; "Chris is a respected leader in ... Read the full article

Swiss Re collaborates with SAP to improve re/insurance reporting tools

2nd February 2017

International insurer and reinsurer Swiss Re has announced a partnership with enterprise application software company, SAP SE, to create a solution that tackles complex issues related to financial steering and reporting of insurers and reinsurers from regulators. The new partnership, described by Swiss Re as "a strategic co-innovation initiative" aims to ... Read the full article