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 & Wellthy Therapeutics partner to improve access to diabetes insurance
10th August 2017
Reinsurance giant Swiss Re is to partner with Indian digital therapeutics firm, Wellthy Therapeutics, in order to develop more accessible, affordable and effective insurance solutions for people with Type 2 Diabetes. Based in Mumbai, India, Wellthy Therapeutics is one of five companies selected as part of Swiss Re's InsurTech Accelerator programme ... Read the full article
Swiss Re results miss forecasts as it navigates challenging market
4th August 2017
Global reinsurance firm Swiss Re missed analyst forecasts in its half-year results reported today, with the challenging market environment becoming very clear as its performance, earnings and return to investors continues to decline. The effects of a more competitive reinsurance market awash with capacity and the resulting consecutive years of price ... Read the full article
Re/insurance needed to shield against U.S. infrastructure failure costs: Report
1st August 2017
U.S. electricity system outages caused by natural disasters drive economic losses of up to $55 billion annually, and these figures are set to grow as climate change causes more extreme weather events, spurring increased demand for innovative risk mitigation and transfer solutions, according to a report recently published by reinsurance giant, ... Read the full article
Swiss Re reinsures life portfolio for Bansabadell Vida
25th July 2017
Swiss Re has entered into a reinsurance arrangement with Zurich subsidiary Bansabadell Vida which will see the firm reinsure and take on the risks of a portfolio of individual life risks, in return for a reinsurance commission payment of EUR 683.7 million. Bansabadell Vida is a Spanish life insurance joint venture ... Read the full article
Swiss Re becomes first to offer typhoon warning cover
24th July 2017
Swiss Re has become the first reinsurer to offer cover for losses related to typhoon warning for Hong Kong businesses, where the overall impact of this level of typhoon warning to Hong Kong's economy is estimated at U.S. $627 million a day. The typhoon cover, Insur8, indemnifies against loss of earnings ... Read the full article
Ensurance UK receives Lloyd’s Coverholder status, partners with Swiss Re & XL Catlin
10th July 2017
Australia's Ensurance Ltd has announced that its wholly owned Managing General Agency (MGA) subsidiary, Ensurance UK Ltd, has partnered with Swiss Re Corporate Solutions and XL Catlin, and also received Lloyd's Coverholder status as it continues its plans for international growth. Ensurance UK Ltd will initially specialise in construction and engineering ... Read the full article
Swiss Re integrates ESG benchmarks into investment decisions
7th July 2017
Swiss Re has become one of the first reinsurers to incorporate benchmarks to systematically integrate environmental, social and governance (ESG) criteria into the firm's investment decisions - a process which the firm said improves investment value by reducing downside risks for long-term investors. These benchmarks place a renewed emphasis on ESG ... Read the full article
Swiss Re & Ping An partner on mobile parametric insurance for Chinese typhoon risk
7th July 2017
Swiss Re has partnered with Chinese property and casualty insurer, Ping An, to offer China's first ever mobile-enabled parametric cover for property insurance for typhoon response and post-disaster recovery for high-risk regions. Under the agreement, Swiss Re provides reinsurance and technological support as well as its catastrophe models and data on natural ... Read the full article
Swiss Re signs MoU on disaster resilience with City of Dalian, China
6th July 2017
At last week's World Economic Forum Summit in China, Swiss Re signed a Memorandum of Understanding (MoU) with the Chinese Dalian city administration to improve its comprehensive insurance programme for disaster resilience. The programme includes catastrophic insurance solutions to protect against natural and man-made disasters such as fire and explosion. Vice Mayor ... Read the full article
China & emerging markets driving global insurance premium growth
5th July 2017
Global insurance premium growth totalled 3.1% in 2016, a decline when compared with the previous year, and with much of the expansion coming from China and other emerging markets, according to the Swiss Re Institute's latest sigma study. Global insurance premium growth declined from the 4.3% reported in 2015 to 3.1% in ... Read the full article
Swiss Re names Kreutzer Head of Market Underwriting for Austria, Central & Eastern Europe
4th July 2017
Reinsurance giant Swiss Re has announced that Christian Kreutzer will succeed Andrea Fuchs as Head of Market Underwriting for Austria, Central & Eastern Europe, effective July 1st, 2017. xprimm.com reports that Kreutzer is currently based in Hong Kong, where he led Swiss Re's Facultative P&C team for the Asia-Pacific region from August 2015, ... Read the full article
Swiss Re Corporate Solutions Brasil Seguros S.A. begins operations
3rd July 2017
A joint venture between Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, and Bradesco Seguros S.A., which was first announced in October 2016, has completed and officially started operations in Brazil. Bradesco Seguros S.A.'s commercial large-risk portfolio has now been integrated into Swiss Re Corporate Solutions Brasil ... Read the full article
Reinsurance industry helps World Bank secure $500m pandemic facility backing
29th June 2017
The global reinsurance industry has collaborated with and assisted the World Bank's launch of specialist bonds to support the $500 million Pandemic Emergency Financing Facility (PEF), which is designed to rapidly disburse funds to eligible countries facing a major disease outbreak. In response to the high financial, social and economic loss driven ... Read the full article
China safeguards its green energy revolution with index insurance: Swiss Re
28th June 2017
Along with wind and sun, China has harnessed the power of insurance to catalyse its clean energy revolution, after having successfully pioneered government led re/insurance partnerships to safe-guard regional development with an index insurance scheme that makes a post-disaster payout to local government. China is the world's largest producer of renewable energy ... Read the full article
Swiss Re appoints D’Andrea to Italy CEO, as Coletta takes EMEA run-off role
15th June 2017
Global reinsurance specialist Swiss Re has appointed Daniela Read the full article
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