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 strikes global licence deal with CMS
22nd May 2018
Leading reinsurance provider, Swiss Re, has secured the right to embed Collision Management Systems’ (CMS) software into its telematics based re/insurance proposition, following the purchase of a global licence. The deal with CMS allows Swiss Re the ability to process vehicle data from any telematics system and deliver a reliable crash ... Read the full article
Swiss Re assessing impact to business following U.S. Iran withdrawal
21st May 2018
Following President Trump's announcement on May 8th that the U.S. is withdrawing from the Iran nuclear deal and subsequently reimposing sanctions, global reinsurer Swiss Re is assessing the impact of the U.S. withdrawal on its business. After the removal of sanctions in January 2016, numerous insurers and reinsurers have either conducted ... Read the full article
Swiss Re partnership set to shake up home-insurance sector in Cyprus
17th May 2018
Global reinsurer Swiss Re has teamed up with next-generation insurer Hellas Direct and one of Europe’s fast-rising banking alternatives, Revolut, in a move aimed at delivering an innovative and customer-focused home-insurance experience for Cyprus-based policyholders. In a strategic partnerships between a disruptive company and a traditional reinsurance powerhouse, the collaboration is ... Read the full article
There will be opportunities for continued price firming: Swiss Re CFO
10th May 2018
John Dacey, the Group Chief Financial Officer (CFO) of global reinsurer Swiss Re, noted improved rates in P&C business following the catastrophe events of 2017, but stressed an expectation that the market should have reacted stronger than it did, speaking during the firm's Q1 2018 earnings call. As global insurers and ... Read the full article
Softbank’s interest in Swiss Re deal reported to be waning
7th May 2018
According to media reports this weekend, Japanese technology & telecoms investor & conglomerate SoftBank's interest in securing a deal with global reinsurer Swiss Re is waning, as talks drag on. As we reported last week, it's been said that Swiss Re’s talks with SoftBank had stalled, which led the CFO ... Read the full article
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
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