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 Corporate Solutions targets expansion with new Hamburg office
3rd July 2018
Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurance firm, has opened an office in Hamburg, Germany in an effort to expand its commercial insurance portfolio in northern Germany’s regional market. The office is already operational and through its broking partners will serve large and upper mid-sized companies, ... Read the full article
Swiss Re pulls back on re/insuring thermal coal exposures
2nd July 2018
Swiss Re is to begin implementing its thermal coal policy first announced in June 2017, no longer providing re/insurance to businesses with more than 30% exposure to thermal coal across all lines of business. The move further expands Swiss Re’s divestment from the energy source, having stopped investing in companies that ... Read the full article
Swiss Re confident about transition to autonomous vehicles, reports Deutsche Bank
29th June 2018
As the largest global motor reinsurer, Swiss Re sees itself as well placed to benefit from anticipated structural changes to the market as the industry prepares to transition to autonomous vehicles, according to Deutsche Bank. Speaking at Deutsche Bank’s third dbAccess AutoTech day in London, representatives from Swiss Re explained that ... Read the full article
ESG investments improve risk-adjusted return profile, says Swiss Re CIO
27th June 2018
Environmental, Social and Governance (ESG) investment practices "Improve the risk-adjusted return profile over the long term," according to Swiss Re's Group Chief Investment Officer (CIO), Guido Fürer. Swiss Re were one of the earliest re/insurers to adopt the criteria - which is now applied to nearly 100% of its investment portfolio - ... Read the full article
Swiss Re, SCOR, AIG elected to EU Expert Group for Sustainable Finance
19th June 2018
The European Commission has named representatives from Swiss Re, SCOR and AIG as among the list of members of its Technical Expert Group on Sustainable Finance, which will assist the Commission in developing a classification system for environmentally sustainable economic activity. The Group, which was announced in the Commission’s Action Plan ... Read the full article
Swiss Re backs invasive species insurance study
13th June 2018
Swiss Re has backed the findings of a recent study by students from Johns Hopkins University that explores the role of insurance as a response to the growing threat of pests and invasive species. The report, titled “Building Resilience to the Economic Threat of Invasive Species”, found that efforts to manage ... Read the full article
New technologies to stimulate struggling engineering sector: Swiss Re
13th June 2018
The adoption of new technologies in construction could lead to significant improvements in efficiency for engineering insurance, a sector that has largely stagnated in recent years, according to a new study by Swiss Re’s sigma. Global engineering insurance premiums were estimated to total around $21 billion in 2017, but have suffered ... Read the full article
Swiss Re to acquire 13.81% stake in Kenyan insurer, Britam
12th June 2018
Global reinsurance giant Swiss Re is to acquire a 13.81% stake in Britam Holdings, Kenya's largest company in the life insurance and pension annuity sector, for an undisclosed fee. According to an announcement, Swiss Re will acquire 348,504,000 ordinary shares in Britam from one of its key shareholders, Plum LLP. Once the ... Read the full article
Information and education critical to tackling U.S flood risk, says Swiss Re’s Junge
6th June 2018
Tackling the challenge of U.S flood risk will require re/insurers to focus on educating property owners while at the same time developing more detailed resources, such as flood maps and risk models, according to Swiss Re Senior Treaty Underwriter Matt Junge. Although floods cause around $15 billion of economic damage every ... Read the full article
Swiss Re appoints new President & CEO of Canada & English Caribbean
4th June 2018
Monica Ningen has been appointed as President & Chief Executive Officer (CEO) of Swiss Re Canada & English Caribbean, effective July 1 2018. The appointment will see her occupy the Toronto-based position following 12 years of distinguished service at the re/insurer. Ningen succeeds Veronica Scotti, who occupied the position for over 3 ... Read the full article
Swiss Re report highlights most significant emerging risks facing re/insurers
31st May 2018
The release of Swiss Re’s SONAR report, a crowdsourcing tool leveraging the firm’s internal risk management experience, highlights what they believe to be the most compelling emerging risks re/insurers face globally. Emerging risks are volatile and hard to quantify due to the pace at which they evolve but have the potential ... Read the full article
Swiss Re ends SoftBank talks with no agreement
28th May 2018
Global reinsurance group Swiss Re has announced that it has ended discussions about a minority stake investment with Japanese technology & telecoms investor & conglomerate SoftBank. The pair have been in discussions about SoftBank acquiring a stake in Swiss Re since February. At first it was reported that SoftBank would look to ... Read the full article
Swiss Re strikes global licence deal with CMS
22nd May 2018
Leading reinsurance provider, Swiss Re, has secured the right to embed Collision Management Systems’ (CMS) software into its telematics based re/insurance proposition, following the purchase of a global licence. The deal with CMS allows Swiss Re the ability to process vehicle data from any telematics system and deliver a reliable crash ... Read the full article
Swiss Re assessing impact to business following U.S. Iran withdrawal
21st May 2018
Following President Trump's announcement on May 8th that the U.S. is withdrawing from the Iran nuclear deal and subsequently reimposing sanctions, global reinsurer Swiss Re is assessing the impact of the U.S. withdrawal on its business. After the removal of sanctions in January 2016, numerous insurers and reinsurers have either conducted ... Read the full article
Swiss Re partnership set to shake up home-insurance sector in Cyprus
17th May 2018
Global reinsurer Swiss Re has teamed up with next-generation insurer Hellas Direct and one of Europe’s fast-rising banking alternatives, Revolut, in a move aimed at delivering an innovative and customer-focused home-insurance experience for Cyprus-based policyholders. In a strategic partnerships between a disruptive company and a traditional reinsurance powerhouse, the collaboration is ... Read the full article