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.

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

Conifer Holdings & Swiss Re enter into reserve development reinsurance agreement

3rd October 2017

Conifer Holdings, Inc. has signed a new adverse reserve development reinsurance agreement with global reinsurer Swiss Re, as well as implementing some other strategic initiatives in an effort to boost its financial position. The agreement with Swiss Re is effective September 28th, 2017, and provides Conifer with up to $17.5 million ... Read the full article

Swiss Re backs FlyIcarus’ online platform for drone cover

22nd September 2017

Swiss Re Corporate Solutions, the direct and commercial insurance division of reinsurer Swiss Re, and Flylcarus, a representative of London broking firm, Bannerman Rendell, have signed a cooperation agreement to offer drone insurance to commercial operators and drone enthusiasts through the flyicarus website. Under the agreement, Swiss Re will underwrite and ... Read the full article

Chubb launches innovative Flight Delay cover with App in the Air

15th September 2017

Flight Delay Insurance, a new innovative insurance solution for airline travellers has been launched by global insurer Chubb and App in the Air. The solution was underwritten by Chubb's European group in collaboration with reinsurance giant Swiss Re and FlightStats, and will be made available to UK App in the ... Read the full article

Tech and risk research can help improve solutions and bridge protection gap: Swiss Re

14th September 2017

The rise of advanced technology can assist with the development of insurance and reinsurance solutions that meet the changing demands of clients in all parts of the world, ultimately helping to bridge the global protection gap, according to an announcement by reinsurance giant Swiss Re, at the annual reinsurance meeting ... Read the full article

Reinsurance use “at an absolute inflexion point” – Rowan Douglas at RVS

13th September 2017

Speaking at the Insurance Development Forum panel debate on confronting global underinsurance amid heightened global risks, at the 2017 Rendezvous de Septembre (RVS), Rowan Douglas, CEO of Capital Science and Policy, Willis Towers Watson, said the industry is at a turning point that could revolutionise the use of re/insurance in the ... Read the full article

“Cyber probably not insurable,” Swiss Re CEO

12th September 2017

While cyber cover has often been heralded as one of the biggest re/insurance opportunities of the future, the Chief Executive Officer (CEO) of reinsurer Swiss Re, has a very different take on the realities of the emerging risk, saying that despite the hype he remains "extremely skeptical about cyber.” Speaking at ... Read the full article

AI could “fundamentally close a lot of the protection gap,” Swiss Re CEO Mumenthaler

12th September 2017

The Chief Executive Officer (CEO) of reinsurance giant Swiss Re, Christian Mumenthaler, believes advanced technology, such as artificial intelligence (AI), can help to close the global protection gap. Addressing an audience during the PwC breakfast at the 2017 meeting of the reinsurance industry in Monte-Carlo, Mumenthaler spoke about the increased digitisation ... Read the full article

Reinsurance industry must “step up to the occasion,” says Christian Mumenthaler

11th September 2017

In light of the devastation caused by hurricane Irma, Swiss Re Chief Executive Officer (CEO), Christian Mumenthaler, speaking at the 2017 meeting of the reinsurance industry in Monte-Carlo, called for the global reinsurance industry to step up and do what it's here for. During the PwC event in Monte-Carlo earlier this ... Read the full article

Swiss Re expects price stabilisation after recent loss events

11th September 2017

Reinsurance giant Swiss Re said this morning that it expects the impacts of recent catastrophe losses will be sufficient to stabilise reinsurance industry pricing. The company said that it intends to maintain its underwriting discipline, in the face of continuing pressures from low interest rates and excess capital in the sector. The ... Read the full article

Technology and government initiatives key to emerging markets: Swiss Re

10th September 2017

Innovative use of insurance platforms, technology, and government initiatives have been key to getting markets off the ground in emerging regions, said Swiss Re Chief Economist Kurt Karl and CEO of Asia reinsurance, Jayne Plunkett, at the reinsurance industry's annual meeting in Monte Carlo. While governments are often the catalyst for ... Read the full article

50% of potential Harvey insured loss expected to be covered by reinsurance: J.P. Morgan

25th August 2017

As hurricane Harvey continues its track towards the state of Texas as a Category 2 storm, expected to intensify to a Category 3 storm as it makes landfall late Friday or early Saturday, the expected loss remains uncertain. However, J.P. Morgan expects roughly 50% of the insured loss to be ... Read the full article

2017 H1 global catastrophe losses far below average: Swiss Re

17th August 2017

The first half of 2017 has been well below average for catastrophe losses which reached just $44 billion in H1, just 37% of last year's $117 billion for the same period, according to Swiss Re's preliminary sigma estimates. Fewer and less intense weather events were experienced this year so far globally; ... Read the full article

Swiss Re Corporate Solutions targets Contingency and Sports Personal Accident business

17th August 2017

Swiss Re Corporate Solutions, the commercial and primary insurance arm of reinsurance giant Swiss Re, is targeting a new line of business with the creation of a team to underwrite global Contingency and Sports Personal Accident risks. To lead the new team, Swiss Re Corporate Solutions has appointed Jonathan Cole as ... Read the full article