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.
Didier Belot promoted to Swiss Re Corporate Solutions Head of Southeast Asia
23rd November 2017
Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has promoted Didier Belot from a post leading the Innovative Risk Solutions team in Asia Pacific to Head of Southeast Asia. Belot first joined Swiss Re in 2008 and has held roles across the U.S., China, and Europe. "Didier's experience in ... Read the full article
Emerging markets to drive re/insurance premium growth over next two years: Swiss Re
22nd November 2017
Global reinsurer Swiss Re is expecting non-life premiums to grow by at least 3% annually over the next two years and life premiums to grow by 4%, with the majority being driven by emerging markets. The reinsurance giant has said that an improved economic outlook is expected to fuel demand for ... Read the full article
Jerome Jean Haegeli to replace Kurt Karl as Swiss Re’s Chief Economist
21st November 2017
Global reinsurance giant Swiss Re has announced that Jerome Jean Haegeli will replace Kurt Karl as Group Chief Economist at the Swiss Re Institute, effective January 1st, 2018. Karl is retiring at the end of 2017 after 17 years with Swiss Re, which includes six years as Group Chief Economist. Karl discussed ... Read the full article
Not a fun year for reinsurance, general price turn expected: Kurt Karl, Swiss Re
21st November 2017
2017 has not been a fun year for profitability in the reinsurance industry, according to Swiss Re's Chief Economist Kurt Karl, who said this morning that his company expects to see price hardening, particularly in the United States and loss affected areas but also more generally across the industry. Speaking this ... Read the full article
Europe’s big four hit with record Q3 losses but capitalisation remains strong: Fitch
16th November 2017
The capitalisation of Europe's big four reinsurers remains strong, despite a heavy hit to earnings after significant claims from hurricanes Harvey, Irma and Maria (HIM), the Mexico earthquakes and the California wildfires could make Q3 a record year for reinsurers' catastrophe losses. Rating agency Fitch said that while all four reported significant ... Read the full article
Swiss Re CFO says climate change has altered the risk landscape
3rd November 2017
After Swiss Re reported a nine-month net loss close to half a billion dollars from recent catastrophes, Chief Financial Officer (CFO), David Cole, warned that climate change had altered the risk landscape. The reinsurer expects natural catastrophe claims from events such as hurricanes Harvey, Irma and Maria, and Australia's Cyclone Debbie ... Read the full article
Swiss Re to push for better pricing in wake of nine month loss
2nd November 2017
Reinsurance giant Swiss Re is hoping that pricing conditions will improve in both property & casualty reinsurance and its commercial insurance arm in wake of recent catastrophe losses, which drove the firm to a net loss of $468 million for the first nine months of 2017. Swiss Re suffered most in ... Read the full article
Swiss Re makes senior exec changes for casualty, P&C, life/health reinsurance
1st November 2017
Global reinsurer Swiss Re has announced a number of new senior executive appointment in its reinsurance division, including Head Casualty Reinsurance, Head P&C Business Management and Head Life & Health Business Management. Jason Richards has been appointed as Swiss Re's new Head Casualty Reinsurance, while Nicola Parton will succeed him in ... Read the full article
Swiss Re Corporate Solutions adds Head of Casualty, NA, to Summerville’s role
31st October 2017
Swiss Re Corporate Solutions, the large primary commercial insurance arm of global reinsurer Swiss Re, has announced the appointment of Jeff Summerville as Head of Casualty, Financial & Professional Services, North America, effective immediately. Summerville has effectively managed Swiss Re Corporate Solution's Financial & Professional Lines businesses in North America since 2014, and ... Read the full article
Swiss Re estimates $3.6bn of losses from HIM and Mexico quakes
20th October 2017
Global reinsurance giant Swiss Re has released estimated catastrophe losses for the third-quarter of $3.6 billion, driven by hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. The figure is based on a total market insured loss of $95 billion from the three hurricanes and earthquakes in Mexico, and is net ... Read the full article
LatAm’s agricultural markets in need of greater re/insurance penetration: Swiss Re
18th October 2017
The protection gap (disparity between economic and insured losses post-event) for losses from natural disasters in Latin America reached $15 billion in 2016, with widespread impacts to various regions' vital agricultural sectors from numerous perils, but innovative insurance and reinsurance solutions can help to bridge the gap, according to reinsurance ... Read the full article
Re/insurance solutions evolve to cover intangible corporate assets: Swiss Re
16th October 2017
Re/insurance product development and innovation around data and data analytics have expanded the scope of solutions from tangible to intangible assets, to cover a wider range of threats and improve corporate risk management, according to Swiss Re's latest sigma study. Companies are increasingly using novel insurance solutions to protect earnings, reduce ... Read the full article
Swiss Re takes £800m MS&AD investment into ReAssure, its closed life consolidator
6th October 2017
Global reinsurance giant Swiss Re is set to take an £800 million investment from Japanese insurance holding company MS&AD Insurance Group Holdings Inc (MS&AD) into ReAssure, its UK closed life book consolidator. MS&AD will purchase a 5% stake in ReAssure for £175 million, through an investment in ReAssure Jersey One Limited, ... Read the full article
Reinsurers’ opportunity to make underwriting more scientific – Swiss Re CUO
5th October 2017
Swiss Re Group Chief Underwriting Officer (CUO) Edi Schmidt highlighted the need for reinsurers to take a more scientific and forward-looking approach to underwriting to drive down cost of re/insurance at the firm’s 2017 Monte Carlo conference press briefing. “Today we have much more capabilities to use more sources to make ... Read the full article
Munich Re & Swiss Re eager to penetrate Philippines crop market: Reports
4th October 2017
Global reinsurance giants Munich Re and Swiss Re are reportedly interested in investing in the Philippines crop programme, but changes are required to the charter of the Philippines Crop Insurance Corporation (PCIC) before this can happen, according to reports. According to industry reports, Bohol Rep. and former agriculture secretary, Arthur Yap, ... Read the full article
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