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’s reinsurance unit solvency ratio drops 34 points in 2019
23rd April 2019
The Swiss Solvency Test (SST) ratio of Swiss Reinsurance Company Ltd dropped 34 points from 252% in 2018 to 218% in 2019, according to the company’s latest financial condition report. At the Group level, Swiss Re’s SST ratio fell from 269% in 2018 to 251% in 2019, driven by further decreases ... Read the full article
Swiss Re doubles share buy-back program to $2bn following shareholder approval
18th April 2019
Swiss Re shareholders have approved previously-announced plans to introduce a new public share buy-back program consisting of two CHF1 billion ($995,000) tranches, effectively doubling the amount previously returned to shareholders. Voting at the company's Annual General Meeting (AGM) in Zurich, shareholders also approved the Board of Directors’ proposals for a ... Read the full article
Swiss Re backs kWh Analytics’ latest Solar Revenue Put
11th April 2019
The Solar Revenue Put, which is backed by Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has supported the refinancing of kWh Analytics' portfolio of 41 projects. Structured as a parametric insurance policy on solar production and revenues, the Solar Revenue Put serves as a credit enhancement for ... Read the full article
Secondary perils the main driver of 2018 insured cat losses: Swiss Re
10th April 2019
Global insured losses from natural catastrophe events in 2018 totalled $76 billion, with more than 60% of the losses coming from secondary perils, according to Swiss Re Institute's latest sigma study. In order to sustainably underwrite catastrophe business, insurers and reinsurers need to focus more on primary and secondary perils, warns ... Read the full article
Swiss Re optimistic on long-term pricing prospects, says Ojeisekhoba
5th April 2019
Swiss Re is optimistic about its own long-term pricing prospects, as well as those of the wider reinsurance industry, despite the persistence of challenging market conditions. This is according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re, who told Reinsurance News that the company was confident the competitive low-rate environment ... Read the full article
ReAssure IPO could generate up to $4bn for Swiss Re, say analysts
3rd April 2019
A ReAssure IPO and subsequent sell down to a level where the remaining stake is treated as a pure equity risk would generate between $3 billion and $4 billion of excess capital for Swiss Re, according to Deutsche Bank analysts. Swiss Re had previously stated intentions to reduce its stake ... Read the full article
Brexit remains an ongoing risk to Swiss Re’s ReAssure IPO, say analysts
2nd April 2019
Analysts at Deutsche Bank believe that, while Swiss Re’s planned initial public offering (IPO) of its UK closed book business ReAssure is still on track for 2019, market volatility arising from Brexit remains an ongoing risk. The global reinsurance giant’s Board of Directors proposed plans last month to introduce a ... Read the full article
Swiss Re to see 10% rate increases at April renewals: Deutsche Bank
1st April 2019
Analysts at Deutsche Bank are anticipating that Swiss Re will have experienced price increases of around 10% at the April renewals, due to the reinsurer’s high exposure to Japanese catastrophe events in 2018. The firm believes that Swiss Re was the most affected among European reinsurers by losses from Asia/Japan, which should ... Read the full article
Technology is Swiss Re’s solution to market challenges: Ojeisekhoba
25th March 2019
Swiss Re views the integration of new technologies as both a critical opportunity for growth and the solution to many of the challenging market conditions that have tested the re/insurance industry in recent years. This is according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re, who told Reinsurance News that ... Read the full article
Swiss Re confirmed as co-insurer for Boeing & Ethiopian Airlines
18th March 2019
Swiss Re has confirmed that it is one of the minor insurance providers for Boeing Co, as well as for Ethiopian Airlines, both of which face large claims following a fatal plane crash on March 10. Boeing was pressured into grounding its entire fleet of 737 Max 8 aircraft last ... Read the full article
Swiss Re is focused on social value of protection gap: Moses Ojeisekhoba
15th March 2019
While closing the global protection gap offers huge potential for the re/insurance industry to grow its premium base, Swiss Re is focused primarily on the value of building resilience at both the individual and societal level, according to Moses Ojeisekhoba, the company's CEO of Reinsurance. Speaking during a lecture in the ... Read the full article
Swiss Re proposes doubling share buy-back program to $2bn
14th March 2019
Global reinsurance giant Swiss Re’s Board of Directors has proposed plans to introduce a new public share buy-back program consisting of two tranches of each up to CHF1 billion (US$995,000), effectively doubling the amount it returned to shareholders last month. The proposal, due to be put forward at Swiss Re’s ... Read the full article
Swiss Re partners with Falls Lake & Arrowhead on parametric quake solution
11th March 2019
Global reinsurance giant Swiss Re has partnered with primary insurer Falls Lake and managing general agent Arrowhead for the launch of Quake Assist, a parametric insurance solution providing Business Interruption (BI) cover within California, even if no damage occurs to the insured’s building. “What makes this product unique is the fact ... Read the full article
Machine learning tech can enhance wildfire modelling, says Swiss Re
6th March 2019
There is significant potential for machine learning technologies to enhance the re/insurance industry’s approach to modelling wildfire risk, which has failed to adequately predict the growing frequency of large losses in recent years, according to Swiss Re. The reinsurer stressed the possible advantages in utilising real-time data to complement probabilistic wildfire ... Read the full article
Emerging market premiums to double over next 10 years: Swiss Re
6th March 2019
Emerging market insurance premiums are forecast to more than double over the next 10 years, growing four times faster than in emerging markets, according to the latest sigma report by Swiss Re. Asia in particular is expected to grow three times faster than the world average over the next two years, ... Read the full article
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