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 industry must “step up to the occasion,” says Christian Mumenthaler
11th September 2017
In light of the devastation caused by hurricane Irma, Swiss Re Chief Executive Officer (CEO), Christian Mumenthaler, speaking at the 2017 meeting of the reinsurance industry in Monte-Carlo, called for the global reinsurance industry to step up and do what it's here for. During the PwC event in Monte-Carlo earlier this ... Read the full article
Swiss Re expects price stabilisation after recent loss events
11th September 2017
Reinsurance giant Swiss Re said this morning that it expects the impacts of recent catastrophe losses will be sufficient to stabilise reinsurance industry pricing. The company said that it intends to maintain its underwriting discipline, in the face of continuing pressures from low interest rates and excess capital in the sector. The ... Read the full article
Technology and government initiatives key to emerging markets: Swiss Re
10th September 2017
Innovative use of insurance platforms, technology, and government initiatives have been key to getting markets off the ground in emerging regions, said Swiss Re Chief Economist Kurt Karl and CEO of Asia reinsurance, Jayne Plunkett, at the reinsurance industry's annual meeting in Monte Carlo. While governments are often the catalyst for ... Read the full article
50% of potential Harvey insured loss expected to be covered by reinsurance: J.P. Morgan
25th August 2017
As hurricane Harvey continues its track towards the state of Texas as a Category 2 storm, expected to intensify to a Category 3 storm as it makes landfall late Friday or early Saturday, the expected loss remains uncertain. However, J.P. Morgan expects roughly 50% of the insured loss to be ... Read the full article
2017 H1 global catastrophe losses far below average: Swiss Re
17th August 2017
The first half of 2017 has been well below average for catastrophe losses which reached just $44 billion in H1, just 37% of last year's $117 billion for the same period, according to Swiss Re's preliminary sigma estimates. Fewer and less intense weather events were experienced this year so far globally; ... Read the full article
Swiss Re Corporate Solutions targets Contingency and Sports Personal Accident business
17th August 2017
Swiss Re Corporate Solutions, the commercial and primary insurance arm of reinsurance giant Swiss Re, is targeting a new line of business with the creation of a team to underwrite global Contingency and Sports Personal Accident risks. To lead the new team, Swiss Re Corporate Solutions has appointed Jonathan Cole as ... Read the full article
European reinsurers’ cat budgets strong, only a very large loss will turn pricing: RBC
17th August 2017
With the peak of the Atlantic hurricane season approaching uncertainty remains for European reinsurers driven by the potential for large losses, but with annual catastrophe budgets being relatively high, only the most severe loss event would start a turn in the market, according to RBC Capital Markets. Based on historical data, September ... Read the full article
A 1992 Hurricane Andrew would leave $50-60 billion insured losses if it struck today
11th August 2017
25 years after the devastating Hurricane Andrew struck South Florida, Swiss Re calculated what the loss levels would be today if the same hurricane hit the region, revealing insured losses would double to reach $50-60 billion, and economic damage would exceed $80 to $100 billion. This is due to stark development ... Read the full article
Swiss Re & Wellthy Therapeutics partner to improve access to diabetes insurance
10th August 2017
Reinsurance giant Swiss Re is to partner with Indian digital therapeutics firm, Wellthy Therapeutics, in order to develop more accessible, affordable and effective insurance solutions for people with Type 2 Diabetes. Based in Mumbai, India, Wellthy Therapeutics is one of five companies selected as part of Swiss Re's InsurTech Accelerator programme ... Read the full article
Swiss Re results miss forecasts as it navigates challenging market
4th August 2017
Global reinsurance firm Swiss Re missed analyst forecasts in its half-year results reported today, with the challenging market environment becoming very clear as its performance, earnings and return to investors continues to decline. The effects of a more competitive reinsurance market awash with capacity and the resulting consecutive years of price ... Read the full article
Re/insurance needed to shield against U.S. infrastructure failure costs: Report
1st August 2017
U.S. electricity system outages caused by natural disasters drive economic losses of up to $55 billion annually, and these figures are set to grow as climate change causes more extreme weather events, spurring increased demand for innovative risk mitigation and transfer solutions, according to a report recently published by reinsurance giant, ... Read the full article
Swiss Re reinsures life portfolio for Bansabadell Vida
25th July 2017
Swiss Re has entered into a reinsurance arrangement with Zurich subsidiary Bansabadell Vida which will see the firm reinsure and take on the risks of a portfolio of individual life risks, in return for a reinsurance commission payment of EUR 683.7 million. Bansabadell Vida is a Spanish life insurance joint venture ... Read the full article
Swiss Re becomes first to offer typhoon warning cover
24th July 2017
Swiss Re has become the first reinsurer to offer cover for losses related to typhoon warning for Hong Kong businesses, where the overall impact of this level of typhoon warning to Hong Kong's economy is estimated at U.S. $627 million a day. The typhoon cover, Insur8, indemnifies against loss of earnings ... Read the full article
Ensurance UK receives Lloyd’s Coverholder status, partners with Swiss Re & XL Catlin
10th July 2017
Australia's Ensurance Ltd has announced that its wholly owned Managing General Agency (MGA) subsidiary, Ensurance UK Ltd, has partnered with Swiss Re Corporate Solutions and XL Catlin, and also received Lloyd's Coverholder status as it continues its plans for international growth. Ensurance UK Ltd will initially specialise in construction and engineering ... Read the full article
Swiss Re integrates ESG benchmarks into investment decisions
7th July 2017
Swiss Re has become one of the first reinsurers to incorporate benchmarks to systematically integrate environmental, social and governance (ESG) criteria into the firm's investment decisions - a process which the firm said improves investment value by reducing downside risks for long-term investors. These benchmarks place a renewed emphasis on ESG ... Read the full article
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