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 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

Swiss Re CEO calls for tradable resilient infrastructure asset class

25th January 2017

Christian Mumenthaler, the Group CEO of global reinsurance firm Swiss Re, has called for the development of a "standardised and tradable" global infrastructure asset class, into which firms such as his own could invest their long-term capital while helping to increase resilience. In an article timed to coincide with the World ... Read the full article

Re/insurers exposure to higher claims inflation rising: UBS

23rd January 2017

Analysts at UBS have highlighted that the risk of insurers and reinsurers being exposed to higher claims inflation is on the rise, with companies focused on longer-tail business and those with lower reserve buffers being the most at risk. UBS explains that in an increasingly reflationary environment it could be that ... Read the full article

Swiss Re gets India reinsurance branch license

23rd January 2017

The Insurance Regulatory and Development Authority of India (IRDAI) has given Swiss Re approval to open a branch in Mumbai, making it among the first five foreign reinsurers to operate in India. The Mumbai branch will be effective from February 1st,  enabling Swiss Re to offer both non-life and life and ... Read the full article

Compre in second run-off acquisition of 2017 with Swiss Re

18th January 2017

Independent insurance and reinsurance legacy specialist, Compre, has announced its second acquisition of the year, providing a legacy solution to global reinsurer Swiss Re. Compre announced earlier this month that it had acquired the run-off re/insurance business of the UK branch of AG Insurance SA, and now the legacy specialist has announced its ... Read the full article

UBS turns more negative on European reinsurance sector

16th January 2017

Equity analysts at investment banking group UBS say they are now more negative on the European reinsurance sector, after January renewals saw prices decline further than expected and with fundamentals across the sector looking shaky. With risks on the horizon for the major European reinsurance firms and the London market players, ... Read the full article