Latest Swiss Re Headlines

All the headlines from our Swiss Re Topic Page, ordered by recency.

Sustainable Re/Insurance Industry Vital in Uncertain World: Swiss Re’s Ojeisekhoba

Jul 16 2018 // Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as “the first taste of a bitter cup that will be proffered to us over and over again.”That devastating event killed more than...

Global Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re

Jul 16 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...

Survey Shows More Americans Believe There is ‘Solid Evidence’ of Global Warming

Jul 12 2018 // There’s a surefire way to get more people to believe in global warming.Just crank up the heat. A larger percentage of Americans say there is “solid evidence” of global warming than at any time since 2008,...

Swiss Re Corporate Solutions Names Kwan Head of Sales in West

Jul 11 2018 // Swiss Re Corporate Solutions has named Allen Kwan head of sales for the West region. Kwan will be responsible for the growth of the Western region, particularly within Los Angeles. Currently based in San Francisco, he will...

Swiss Re Corporate Solutions Names Link to Head E&S Casualty for North America

Jul 11 2018 // Swiss Re Corporate Solutions has named Diane Link as head of Excess and Surplus (E&S) Casualty for North America. Link will oversee North American E&S casualty business. Based in Chicago, Link succeeds Mike Kwan,...

Global Insurance Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re

Jul 6 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...

Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure

Jul 3 2018 // Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business.The thermal coal policy applies to both existing and new thermal coal...

Swiss Re-Backed Insurer FWD Weighs IPO in Hong Kong

Jun 27 2018 // Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the...

Engineering Insurance Results Deteriorate but Better Times Could Be Ahead: Swiss Re

Jun 14 2018 // Underwriting performance in global engineering insurance has deteriorated over recent years – on declining premiums and rising claims in some construction sectors due to poor quality control, according to Swiss Re in its...

Ningen Named CEO of Swiss Re Canada

Jun 4 2018 // Monica Ningen has been appointed president and chief executive officer of Swiss Re Canada and English Caribbean. Ningen succeeds Veronica Scotti, who has been named chairperson for Global Partnerships. Ningen has 20 years...

Talks End without Softbank Stake in Swiss Re; Swiss Re Still Open to Other Investors

May 28 2018 // Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group Corp. ended its pursuit of a stake in the world’s second-largest reinsurer.The collapsed talks mark the end...

Talks Not Exclusive to SoftBank, Says Swiss Re CEO

May 4 2018 // Swiss Re said it was still in discussions with SoftBank on Friday about the Japanese group potentially taking a stake in the reinsurer but that a deal was not a sure thing.Swiss Re and its competitors have been under...

SoftBank Talks Over Buying Stake in Swiss Re Stalled: Bloomberg

May 2 2018 // Talks between billionaire Masayoshi Son’s SoftBank Group Corp. and Swiss Re AG about buying a stake in the world’s second-biggest reinsurer have come to a standstill, people familiar with the matter said.The...

Swiss Re Receives OK for Expanded South Africa License

May 2 2018 // Swiss Re’s reinsurance business unit has a newly-approved license for property/casualty business in South Africa. The move completes Swiss Re’s pan to re-domicile its Southern African P/C business onto the...

How Parametric Products Work to Supplement Indemnity Policies: RIMS

Apr 30 2018 // Corporate risk managers are buying parametric insurance policies to supplement, not replace, their indemnity-based policies.The parametric products worked well with customers hit by the 2017 hurricanes, according to Robert...

Swiss Re to Create Standalone E&S Unit for U.S.

Apr 27 2018 // Swiss Re Corporate Solutions has announced the creation of a standalone excess and surplus (E&S) business unit in North America.This unit will include Swiss Re’s traditional E&S property and E&S casualty...

Markets Not Getting Better at Insuring Disasters: Viewpoint

Apr 24 2018 // Last year was the second-costliest year for disasters since 1970, according to a new analysis from reinsurance firm Swiss Re AG. Global economic losses from these events reached $337 billion in 2017, behind only...

QBE’s Revamped Executive Team Includes Singh as CFO, Swiss Re’s Grewal as CRO

Apr 12 2018 // QBE Insurance Group Ltd. announced a reshaping of the senior management team with the appointments of Inder Singh as group chief financial officer, replacing Michael Ford who is leaving QBE; Peter Grewal as group chief...

Natural Disasters Cost Insurers a Record $144 Billion in 2017: Swiss Re’s sigma

Apr 10 2018 // Global insured losses from natural catastrophes were US$144 billion in 2017, the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute.The biggest losses came from...

Swiss Re CEO Manages Shareholder Expectations on SoftBank Investment: Opinion

Apr 4 2018 // Who wouldn’t want the attention of a billionaire like Masayoshi Son? The SoftBank founder is Japan’s third-richest man, with interests from ride-hailing app Uber to shared-office firm WeWork. So when he was...