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 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
Urbanised Latin America – highly vulnerable to climate risk: Swiss Re
11th April 2017
With climate change ramping up the heat on emerging markets already vulnerable to natural disaster risk, the highly urbanised but marginally protected Latin America appears poised for increased economic and social fallout - if the region fails to develop improved risk mitigation solutions. Martyn Parker, Chairman of Swiss Re Global Partnerships, ... Read the full article
Swiss Re Corporate Solutions Brazil appoints Calheiros as CEO
6th April 2017
Swiss Re Corporate Solutions, the commercial insurance arm of global players Swiss Re, has appointed Luciano Calheiros as CEO of its new Brazilian joint-venture operations. Luciano Calheiros will become CEO of Swiss Re's new commercial insurance joint-venture in Brazil as of 1st May 2017, succeeding Joao Nogueira, who is transitioning to ... Read the full article
Protection gap is not just an emerging market issue: Swiss Re
30th March 2017
Over the last 25 years, the schism between global insured and economic losses has been steadily widening, a factor that when combined with growing climate, cyber, and geopolitical threat, leaves a dangerous and costly protection gap both in developed and emerging markets. 2016 stats show fast-developing Asian economies were hardest hit; struggling ... Read the full article
2016 global insured losses at $54 billion: Swiss Re
28th March 2017
Global insured losses from natural disasters and man-made loss events in 2016 were set at $54 billion in Swiss Re’s latest Sigma study, nearly doubling insured losses from the year before. 2016 economic losses were at $175 billion, up from $94 billion in 2015, according to the Sigma study - making last ... Read the full article
Reinsurance can help tackle U.S. infrastructure protection gap: Swiss Re
24th March 2017
Swiss Re outlined how both re/insurers and the U.S. economy have been feeling the weight of higher claims and business costs as poor infrastructure bogs economic growth and lessens quality of life. Low infrastructure investment translates into high economic costs as businesses, who are left to pick up the bill, gradually ... Read the full article
Swiss Re’s pioneering volcano model highlights multi-billion dollar exposure
23rd March 2017
A new, world first international volcano risk model has been launched by reinsurance giant Swiss Re, and reveals that some of the planet's largest cities have an economic exposure of up to $30 billion, underlining the need for effective insurance solutions. More than 1 billion people around the world live within ... Read the full article
Mike Mitchell named Head of Property and Specialty Reinsurance at Swiss Re
22nd March 2017
Reinsurance giant Swiss Re has announced that Mike Mitchell, currently Head of Property Underwriting and Property & Casualty Facultative, Asia, will assume the role of Head of Property and Specialty Reinsurance, replacing Edouard Schmid, effective July 1st, 2017. The reinsurer announced previously that Edouard Schmid was to replace Mathias Weber as Group Chief Underwriting Officer (CUO), ... Read the full article
Swiss Re reinsurance chief cites tailored deals as opportunity
21st March 2017
As one of the leading pioneers of tailored business product development, Swiss Re has said it's seen success in higher returns from specialised reinsurance products, and has laid out plans to offset competition by continuing to grow this smaller-scale but more lucrative line of business. The reinsurer told Reuters ... Read the full article
European reinsurers disciplined in a tough market: Fitch
17th March 2017
Large European reinsurers continued to show discipline in a very challenging marketplace and broader economic environment in 2016, as reserve releases declined and companies reported a reduction in renewed business, according to the latest European reinsurance market report from Fitch Ratings. The profitability of European reinsurers remained pressured throughout 2016, with Fitch ... Read the full article
“Insurance 2.0” an opportunity to build revenue and resilience: Swiss Re
16th March 2017
The fusion and development of emerging and existing technology is expected to transform the international risk landscape and drive an evolution of the global insurance and reinsurance industry, highlighting a need for industry participants to adapt to "Insurance 2.0" or risk missing out, says Swiss Re. "Today, there's enormous potential for change ... Read the full article
Major reinsurers combined ratios over 100% on normalised basis: Fitch
16th March 2017
On a normalised basis major European reinsurers combined ratios were over 100% last year, but industry players benefitted from unusually favourable circumstances with lower-than-expected major losses and large prior year reserve releases meaning carriers maintained resilience in a tough market, according to Fitch. This normalised combined ratio rate of over 100% means under ... Read the full article