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.
No clear indication SoftBank talks will result in a transaction: Swiss Re CFO
4th May 2018
While the negotiations between Swiss Re and SoftBank are still ongoing, according to the reinsurance firms CFO John Dacey, there is "no clear indication" that any deal will be struck and the pair are no closer to a deal, but he also wouldn't be drawn on whether talks with other ... Read the full article
Premium growth, strong returns in reinsurance & an accounting hit for Swiss Re
4th May 2018
Global reinsurance firm Swiss Re reported its first-quarter results this morning, revealing strong growth in premiums written, improved returns in P&C reinsurance and an accounting hit, without which the reinsurers income would have been up year-on-year. Swiss Re has reported group net income for Q1 2018 of $457 million, down on ... Read the full article
Swiss Re talks on SoftBank investment said stalled
2nd May 2018
Talks between reinsurance firm Swiss Re and Japanese technology conglomerate giant SoftBank over a potential investment stake in the reinsurer are said to have stalled, with price, the size of the stake and level of control said to be sticking points. Bloomberg said its sources told the news ... Read the full article
Swiss Re expands Africa remit, approved for P&C business
2nd May 2018
Global reinsurer Swiss Re has announced that its reinsurance business unit has received approval from the South African Prudential Authority to expand the license of its existing subsidiary to include property & casualty (P&C) business. The approval enables Swiss Re ... Read the full article
Swiss Re Corporate Solutions hires Algar from Zurich to head UK & Ireland
1st May 2018
Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurance firm, has appointed Jake Algar to the role of Head of UK & Ireland. Algar has been hired from competitor Zurich Insurance, where he had worked since 2002 in roles working up to the Head of Global & London ... Read the full article
Swiss Re joins global alliance to support smallholder farmers
25th April 2018
Swiss Re Corporate Solutions has launched a new global initiative in collaboration with World Bank Group member IFC, pharmaceutical and life sciences company Bayer, and irrigation manufacturer Netafim, which aims to support smallholders grow their farms into sustainable, commercially viable businesses. The initiative, called Better Life Farming, will offer risk transfer ... Read the full article
Swiss Re shareholders approve new board members, buy-back & dividend plans
23rd April 2018
At the company’s Annual General Meeting (AGM) in Zurich, Swiss Re’s shareholders approved all proposals put forward by the Board of Directors, which included the election of three new board members, a public share buy-back plan, and a 3.1% increase in regular dividend to CHF 5.00 per share. Shareholders authorised a ... Read the full article
Swiss Re to insure up to $500mn credit risk on IFC loans
19th April 2018
Swiss Re Corporate Solutions, the commercial insurance arm of global reinsurer Swiss Re, has partnered with the International Finance Corporation (IFC) to expand a "pioneering platform" by $500 million, supporting greater investments designed to modernise infrastructure in emerging markets. Under the agreement, Swiss Re will insure a portion of the credit ... Read the full article
$193bn disaster protection gap in 2017, reports Swiss Re’s sigma
10th April 2018
Swiss Re’s research institute, sigma, has reported that global insured losses from disaster events totalled a record US $144 billion in 2017, leaving a $193 billion deficit in coverage when compared with total global economic losses from natural disasters and man-made catastrophes, which reached $337 billion. Sigma noted that this was ... Read the full article
Technology will transform re/insurance value chain, says Swiss Re’s Mumenthaler
6th April 2018
Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re, has asserted that “Technology will fundamentally change the insurance value chain over the coming years” in a statement that comes alongside Swiss Re’s plans for technological adaptation and integration. Swiss Re maintains that it has prepared for technological market disruption by firmly ... Read the full article
Swiss Re open to commercial book bolt-on acquisitions: CEO Mumenthaler
4th April 2018
Global reinsurance firm Swiss Re is looking for growth within its commercial insurance book, the Corporate Solutions division, and is open to bolt-on type acquisitions to drive further growth in that area of its business. Speaking to the media this morning, Swiss Re CEO Christian Mumenthaler said that the firm would ... Read the full article
SoftBank talks ongoing, but only a 10% investment stake on the table: Swiss Re
4th April 2018
According to reinsurance giant Swiss Re this morning, the talks with Japanese technology conglomerate and investor SoftBank Group are continuing, but the expectation is that if a deal is struck it will be for a maximum of 10% of the reinsurers share capital. The reinsurer explained this morning that, "negotiations are ... Read the full article
SoftBank said to be getting closer to Swiss Re deal
29th March 2018
Japanese technology conglomerate, telecommunications and investments giant SoftBank Group is said to closing in on the acquisition of a roughly 25% stake in reinsurance firm Swiss Re, according to a report. Bloomberg said that SoftBank founder Masayoshi Son is set to offer between 100 and 105 Swiss francs per share for ... Read the full article
Swiss Re consolidates Western & Southern Europe leadership under Cordioli
27th March 2018
Global reinsurance firm Swiss Re has promoted Claudia Cordioli to a role which will see her taking responsibility for all of Western and Southern Europe at the reinsurer, as Managing Director for the region. As from April 1st, Cordioli will move into the position of CEO for Western and Southern Europe, ... Read the full article
Swiss Re partners with MassMutual’s LifeScore Labs on risk assessment algorithm
23rd March 2018
Swiss Re has announced that it will collaborate with LifeScore Labs, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), to support a new standards-based algorithmic risk scoring solution for the life re/insurance industry, called LifeScore360. LifeScore360 will be offered as an additional analytics option for Magnum, Swiss Re’s existing automated ... Read the full article