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 express regret at Trump’s exit of the Paris Climate Agreement

2nd June 2017

Reinsurance giants Swiss Re and Munich Re have added their voices to the growing international condemnation of Trump’s decision to exit the Paris Climate Agreement. The Swiss reinsurer -  which has been researching climate change and its effects for the past 30 years - said; "we can say: it is a ... Read the full article

Swiss Re Corporate Solutions names new CEO’s of EMEA & Asia Pacific

24th May 2017

Swiss Re Corporate Solutions, the commercial insurance arm of global reinsurance player Swiss Re, has named two new regional Chief Executive Officers (CEO), Fred Kleiterp as CEO Europe, Middle East, Africa (EMEA) and Jonathan Rake as CEO Asia Pacific. Kleiterp currently holds the role of CEO Asia Pacific, Swiss Re Corporate ... Read the full article

Swiss Re sets up combined Property & Casualty Underwriting Hub in Asia

23rd May 2017

Global reinsurance giant Swiss Re has announced today that it is setting up a new combined Property & Casualty (P&C) Reinsurance Underwriting Hub for the Asia Pacific region. The new Hub will be led by Sharon Ooi, as Head P&C Underwriting for Asia, Australia & New Zealand. Ooi will be tasked with ... Read the full article

Swiss Re & Taiwan Fire & Marine Insurance launch first parametric insurance for Taiwan fisheries

16th May 2017

Swiss Re and Taiwan Fire & Marine Insurance have worked together to offer the first parametric aquaculture insurance solution to provide cover against extreme rainfall for onshore fisheries, in Taiwan's Ping Tung Country. The parametric insurance solution will provide cover for 120,000 hectares of Grouper fish ponds, making Taiwanese fisheries more ... Read the full article

Cyclone Debbie to impact regional reinsurance pricing, Swiss Re tells Reuters

4th May 2017

Speaking to Reuters, David Cole, the Chief Financial Officer (CFO) of reinsurance giant Swiss Re, which reported a decline in Q1 net income today as a result of Cyclone Debbie, said the event was expected to impact regional reinsurance pricing. "Debbie in itself may not have an impact that is so ... Read the full article

Swiss Re’s Q1 net income halved as Cyclone Debbie losses hit

4th May 2017

Swiss Re's first quarter results show it's been a tough start to the year with net income halved from last year's Q1 $1.2 billion to just $656 million, these stark losses come after Cyclone Debbie cost the reinsurer $350 million in expected insurance claims. The annualised Group return on equity (ROE) ... Read the full article

Swiss Re adjusts its financial reporting

28th April 2017

Reinsurance firm Swiss Re is changing the way it reports its performance, adjusting the financial reporting it will deliver at the end of the first and third quarters of the year. The reinsurer said that by adjusting the "format and scope" of the financial information it reports at the end of ... Read the full article

Swiss Re hires Adrian Hall as CEO for Corporate Solutions in Canada

27th April 2017

Global reinsurance firm Swiss Re has announced the hiring of Adrian Hall, previously a member of the RSA leadership team, as the new CEO for the Canadian operations of its commercial insurance focused Swiss Re Corporate Solutions division. Adrian Hall will join Swiss Re Corporate Solutions as CEO Canada as of ... Read the full article

Swiss Re adds three new experienced leaders to Board of Directors

24th April 2017

Reinsurance giant Swiss Re has revealed the addition of three new members to its Board of Directors, the re-election of all proposed Board Members, as well as an increase in regular dividend and a new public share buy-back programme, all approved by its shareholders. Swiss Re shareholders have approved the proposed election ... Read the full article

Swiss Re’s Cyclone Debbie losses reveal Australian market share growth: Deutsche Bank

24th April 2017

Swiss Re was hit with a lion’s share of $350 million Cyclone Debbie losses in Q1, after the firm expanded its Australian market share to nearly double its 2011 size, said Deutsche Bank analysts in their Q1 European reinsurance market report. The $350 million Cyclone Debbie blow reveals a Swiss Re ... Read the full article

Swiss Re, GOQii & Max Bupa partner to meet changing health coverage needs in India

21st April 2017

Global reinsurance giant Swiss Re has collaborated with India's Max Bupa Health Insurance and GOQii to develop and integrate "holistic wellness offerings" that meet the changing health coverage demands of Max Bupa's customers. Indian health insurer Max Bupa, a joint venture between Max India Limited and Bupa Finance plc UK, announced ... Read the full article

Swiss Re sets up Singapore reinsurance entity to be Asian HQ

18th April 2017

Global reinsurance firm Swiss Re has established a legal entity in Singapore which will also serve as its Asian headquarters, as it strengthens its commitment to providing reinsurance solutions across the Asia region. The new Singapore company, Swiss Re Asia, will be wholly-owned by Swiss Re Ltd., the Zurich based parent ... Read the full article

Technology – shifting global awareness and perception of re/insurance: Swiss Re

13th April 2017

Swiss Re’s Chief Executive Officer (CEO) of Reinsurance, Moses Ojeisekhoba, has pointed to “encouraging” signs that technology is shifting global perception and awareness of insurance, as it simultaneously transforms the industry’s products into shorter-term, bite-size, and more cost-efficient solutions. Ojeisekhoba suggested people’s perceptions of insurance and its use is the “most important thing ... Read the full article

Swiss Re pegs its cyclone Debbie loss at $350m

13th April 2017

Global reinsurer Swiss Re has estimated its own loss due to tropical Cyclone Debbie in Australia at US$350 million net of retrocessional protection and before tax, with the firm taking a larger share of commercial insurance losses than in similar events in the past. Swiss Re also estimates the insurance industry ... Read the full article

Strong growth for UK group life market: Swiss Re

12th April 2017

The latest Group Watch report from reinsurance giant Swiss Re shows solid growth in the UK group life market, with 520,000 newly covered members in 2016, taking the number of people covered by Group life schemes to beyond 12 million. "This year's results paint a very positive picture at a difficult ... Read the full article