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.
Reinsurance reduces operational costs for life insurers: Swiss Re
13th December 2017
To improve profitability and value of life insurance products, life insurers have been effectively leveraging reinsurance and capital markets by transferring longevity risk exposures, according to Swiss Re's latest sigma report. Reinsurance and capital market solutions have made life insurers more competitive, improving profitability through reducing mortality, morbidity and longevity risk ... Read the full article
Swiss Re names candidates for Board of Directors election
8th December 2017
Swiss Re's Board of Directors has nominated Karen Gavan, Eileen Rominger and Larry Zimpleman as candidates for election to join the Board at the upcoming Annual General Meeting on 20th April, 2018. Rajna Gibson Brandon has decided to step down after 17 years of service and current members Mary Francis and Robert ... Read the full article
IAG enters into risk sharing deals with Munich Re, Swiss Re, Hannover Re
8th December 2017
Insurance Australia Group Limited (IAG) said this morning that it has entered into reinsurance arrangements with three of the biggest companies in the world, as it looks to better manage the volatility in its results. The 3 quota share reinsurance agreements will see IAG cede 12.5% of its underwriting business through ... Read the full article
Swiss Re CFO steps down, Strategy Officer Dacey to replace
8th December 2017
Swiss Re's Group Chief Financial Officer David Cole is stepping down from the reinsurance firm and will be replaced by the company's Group Chief Strategy Officer, John Dacey. Effective April 1st 2018, Dacey will succeed current CFO David Cole, who will step down to follow a non-executive career, including remaining a ... Read the full article
Swiss Re’s ReAssure buying 1.1m Legal & General life policies for £650m
6th December 2017
ReAssure, the closed life book consolidator specialist unit of global reinsurance firm Swiss Re, is to acquire 1.1 million life insurance policies from Legal & General in a deal worth UK £650 million. The transaction strengthens ReAssure's position in the United Kingdon and the firm says it is consistent with its ... Read the full article
Very interesting year ahead after industry “wake up call” says Kurt Karl, Swiss Re
27th November 2017
The recent, devastating impacts of third-quarter catastrophe events and the California wildfires serve as a wake up call to the insurance and reinsurance industry, with 2018 expected to be a very interesting year for the marketplace, according to Swiss Re's Chief Economist, Kurt Karl. In an interview with Reinsurance News, Karl ... Read the full article
Didier Belot promoted to Swiss Re Corporate Solutions Head of Southeast Asia
23rd November 2017
Swiss Re Corporate Solutions, a division of global reinsurer Swiss Re, has promoted Didier Belot from a post leading the Innovative Risk Solutions team in Asia Pacific to Head of Southeast Asia. Belot first joined Swiss Re in 2008 and has held roles across the U.S., China, and Europe. "Didier's experience in ... Read the full article
Emerging markets to drive re/insurance premium growth over next two years: Swiss Re
22nd November 2017
Global reinsurer Swiss Re is expecting non-life premiums to grow by at least 3% annually over the next two years and life premiums to grow by 4%, with the majority being driven by emerging markets. The reinsurance giant has said that an improved economic outlook is expected to fuel demand for ... Read the full article
Jerome Jean Haegeli to replace Kurt Karl as Swiss Re’s Chief Economist
21st November 2017
Global reinsurance giant Swiss Re has announced that Jerome Jean Haegeli will replace Kurt Karl as Group Chief Economist at the Swiss Re Institute, effective January 1st, 2018. Karl is retiring at the end of 2017 after 17 years with Swiss Re, which includes six years as Group Chief Economist. Karl discussed ... Read the full article
Not a fun year for reinsurance, general price turn expected: Kurt Karl, Swiss Re
21st November 2017
2017 has not been a fun year for profitability in the reinsurance industry, according to Swiss Re's Chief Economist Kurt Karl, who said this morning that his company expects to see price hardening, particularly in the United States and loss affected areas but also more generally across the industry. Speaking this ... Read the full article
Europe’s big four hit with record Q3 losses but capitalisation remains strong: Fitch
16th November 2017
The capitalisation of Europe's big four reinsurers remains strong, despite a heavy hit to earnings after significant claims from hurricanes Harvey, Irma and Maria (HIM), the Mexico earthquakes and the California wildfires could make Q3 a record year for reinsurers' catastrophe losses. Rating agency Fitch said that while all four reported significant ... Read the full article
Swiss Re CFO says climate change has altered the risk landscape
3rd November 2017
After Swiss Re reported a nine-month net loss close to half a billion dollars from recent catastrophes, Chief Financial Officer (CFO), David Cole, warned that climate change had altered the risk landscape. The reinsurer expects natural catastrophe claims from events such as hurricanes Harvey, Irma and Maria, and Australia's Cyclone Debbie ... Read the full article
Swiss Re to push for better pricing in wake of nine month loss
2nd November 2017
Reinsurance giant Swiss Re is hoping that pricing conditions will improve in both property & casualty reinsurance and its commercial insurance arm in wake of recent catastrophe losses, which drove the firm to a net loss of $468 million for the first nine months of 2017. Swiss Re suffered most in ... Read the full article
Swiss Re makes senior exec changes for casualty, P&C, life/health reinsurance
1st November 2017
Global reinsurer Swiss Re has announced a number of new senior executive appointment in its reinsurance division, including Head Casualty Reinsurance, Head P&C Business Management and Head Life & Health Business Management. Jason Richards has been appointed as Swiss Re's new Head Casualty Reinsurance, while Nicola Parton will succeed him in ... Read the full article
Swiss Re Corporate Solutions adds Head of Casualty, NA, to Summerville’s role
31st October 2017
Swiss Re Corporate Solutions, the large primary commercial insurance arm of global reinsurer Swiss Re, has announced the appointment of Jeff Summerville as Head of Casualty, Financial & Professional Services, North America, effective immediately. Summerville has effectively managed Swiss Re Corporate Solution's Financial & Professional Lines businesses in North America since 2014, and ... Read the full article
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