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.
Gianfranco Lot takes over as Swiss Re’s Head of Globals Reinsurance
21st February 2020
Swiss Re has announced that Gianfranco Lot will succeed Jonathan Isherwood as Head of Globals Reinsurance, following Isherwood’s recent appointment as CEO Reinsurance Americas, Regional President. Lot, who is currently a Client Executive for Globals, will take up his new position and join the Reinsurance Management team on 1 April. He ... Read the full article
Swiss Re extends climate policy to exclude oil & gas
21st February 2020
Swiss Re has announced that it will stop providing re/insurance to, or investing in, the most carbon-intensive oil and gas companies, as part of its sustainability targets. In line with this policy, Swiss Re will gradually cut business support in underwriting and asset management to the world’s 10% most carbon-intensive oil ... Read the full article
Coronavirus not an issue for Swiss Re, industry: CFO John Dacey
20th February 2020
Senior executives at Swiss Re have said that the ongoing coronavirus outbreak is not expected to be a “material issue” for the company, or for the wider re/insurance industry. Speaking during a media call alongside the release of Swiss Re’s 2019 results, Group Chief Financial Officer John Dacey said that ... Read the full article
Swiss Re’s Isherwood named CEO Reinsurance Americas, Regional President
20th February 2020
Swiss Re has revealed that Jonathan Isherwood is to succeed Eric Smith as Chief Executive Officer (CEO) Reinsurance Americas, Regional President and member of the Group Executive Committee. Currently, Isherwood serves as Head of Globals Reinsurance and member of the Reinsurance Executive Committee. He is set to take over as CEO Reinsurance ... Read the full article
Swiss Re’s net income up but P&C combined ratio weakens on losses
20th February 2020
Global reinsurer Swiss Re has reported a 73% rise in net income for 2019 as its Life & Health Reinsurance (L&H Re) result and investment performance offset management actions within its commercial insurance arm, and a Property & Casualty Reinsurance (P&C Re) underwriting loss. For the full year 2019, Swiss Re's ... Read the full article
Swiss Re announces completion of 2019 public share buyback programme
18th February 2020
Global reinsurance giant Swiss Re has announced the completion of the 2019 public share buyback programme of up to CHF 1.0 billion purchase value. The 2019 public share buyback programme was authorised by the Annual General Meeting on April 17th, 2019 and launched on May 6th, 2019. The reinsurer notes that since ... Read the full article
Swiss Re iptiQ, IKEA launch home insurance offering
18th February 2020
Swiss Re iptiQ and Swedish furniture retail firm IKEA have announced the launch of a home insurance offering designed to be easily bought online and cancelled at any time with next day effect. Swiss Re’s iptiQ platform effectively allows the company to shorten the value-chain by reducing the number of steps ... Read the full article
Swiss Re CorSo announces Chubb’s Scheidegger as Chief Claims Officer
12th February 2020
The commercial insurance arm of reinsurance giant Swiss Re has announced that Chubb's Marc Scheidegger is set to join the firm as its new Chief Claims Officer. Effective June 1st, 2020 Scheidegger will relocate from Paris to Zurich to join Swiss Re Corporate Solutions (Swiss Re CorSo), reporting to the company's ... Read the full article
Caroline Pritchard joins Swiss Re CorSo as Head of Distribution UK
11th February 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurer Swiss Re, has appointed Caroline Pritchard as Head of Distribution UK, based in London. In her new role, Pritchard takes responsibility for driving the execution of Swiss Re CorSo's broker strategy in the UK marketplace, representing all of ... Read the full article
Swiss Re committed to finding solutions to tackle cancer: Chief Medical Officer, Schoonbee
4th February 2020
On World Cancer Day, the Global Chief Medical Officer at reinsurance giant Swiss Re, John Schoonbee, explores the fast moving and complex disease and how re/insurers like Swiss Re can collaborate to bring significant benefits. According to the World Health Organization (WHO), globally, cancer is the 2nd leading cause of death, ... Read the full article
Chinese economic plans to generate re/insurance growth: Swiss Re
4th February 2020
China’s forthcoming five-year economic plans are likely to generate re/insurance sector growth in protection-type products, mutual, health and pensions insurance, as well as infrastructure and other business opportunities, according to anew report from Swiss Re Institute. The plan for the years 2021-2025 aims to transition China toward a high-income economy, with ... Read the full article
Reinsurance a powerful enabler in mitigating climate change: Swiss Re’s Berger
3rd February 2020
The re/insurance industry is proving to be a powerful enabler in mitigating the effects of climate change, and has been spurred on by the shortcomings of government action, according to Andreas Berger, CEO of Swiss Re Corporate Solutions. Berger noted that the industry has been accelerating its investment in low-carbon initiatives ... Read the full article
Digitalisation is evolving the role of insurance, says Swiss Re
29th January 2020
Swiss Re’s latest Sigma report has highlighted the effect that growing granularity of insight into customer behaviour is having on the role of insurance. Insurance’s role, Swiss Re says, is evolving from indemnification of losses to a broader consultative service on risk prevention and mitigation covering both private and commercial clients’ ... Read the full article
Swiss Re to exceed large loss budget, FY19E income revised down: JP Morgan
28th January 2020
A "noisy" period for catastrophe events is expected to see global reinsurance giant Swiss Re exceed its large losses budget in both Q4 and full-year 2019, which, combined with other factors has seen analysts at JP Morgan reduce their full-year 2019 net income for the reinsurer by 20%. The Switzerland-based reinsurer ... Read the full article
Swiss Re CorSo names Head of Casualty & FinPro North America
28th January 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurer Swiss Re, has named Laura Coppola as Head of Casualty & FinPro North America, effective January 27th, 2020. Based in New York, Coppola takes over responsibility for the company's Financial and Professional Liability (FinPro) operation in the U.S. ... Read the full article
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