Latest Swiss Re Headlines

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

Swiss Re Names Richards as Head Casualty Reinsurance; Parton as Head P/C Business Mgmt.

Nov 1 2017 // Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C Business Management, and James Shepherd was appointed head of L&H Business Management.Richards will...

Summerville to Head Swiss Re Casualty, Financial and Professional Services for North America

Oct 31 2017 // Swiss Re Corporate Solutions has appointed Jeff Summerville as head of Casualty, Financial & Professional Services North America, effective immediately. Summerville will oversee the North American Casualty business in...

Reinsurer Swiss Re Moving Kansas Office to Kansas City, Missouri

Oct 27 2017 // Swiss Re, a reinsurance company, says it plans to move its headquarters and 400 jobs from Overland Park, Kansas, to downtown Kansas City.The move is expected in late 2018. President and CEO Eric Smith says the move will...

Lockton Appointed Program Administrator of Swiss Re Lawyers PL Program

Oct 24 2017 // Lockton Affinity has been appointed as the exclusive program administrator for Swiss Re Corporate Solutions Lawyers Professional Liability Insurance for firms with one to 19 attorneys in California, Kansas, Missouri and...

AXIS Names Swiss Re’s Arora as Reinsurance CEO

Oct 23 2017 // AXIS Capital Holdings Ltd. announced that Steve Arora has been named chief executive officer of AXIS Re.Arora joins the company from Swiss Re where he spent 18 years in a variety of senior positions, most recently as head...

Swiss Re Adds Management Liability Coverage for Non-Profits, Private Companies

Oct 20 2017 // Swiss Re Corporate Solutions has expanded its Executive Risk product offering with the launch of SwissGuard, a multi-coverage, management liability policy designed for non-profit and private companies.SwissGuard insures...

Swiss Re Estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes

Oct 20 2017 // Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third...

Japan’s MS&AD to Invest $1B in Swiss Re’s UK Unit, ReAssure Jersey One

Oct 6 2017 // Japan’s MS&AD Insurance Group Holdings Inc said on Friday it had agreed with Swiss Re AG to invest 800 million pounds ($1.05 billion) to take a stake of up to 15 percent in UK-based ReAssure Jersey One...

After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing

Sep 14 2017 // The industry’s Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry revolution.Unveiled this...

Swiss Re’s Eisele Joins Guy Carpenter as CEO of Pacific Region; Eider Joins Advisory Board

Sep 8 2017 // Global reinsurance specialist Guy Carpenter & Co., a wholly-owned subsidiary of Marsh & McLennan Companies, has appointed Andre Eisele to the role of CEO of the Pacific Region. In addition, Heinrich Eder will join...

Here’s What a Category 5 Hurricane Could Do to Florida

Sep 7 2017 // Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, but the risk of such a storm has not gone away or even declined. In fact, the state’s risk of...

Zurich Insurance Taps Martin from Swiss Re as Group CRO, Succeeding Reyes

Sep 1 2017 // Zurich Insurance Group announced that Alison Martin will join the group on Oct. 1, 2017 and will assume the role of group chief risk officer in January 2018.She will succeed Cecilia Reyes, Zurich’s current group...

25 Years Later…What If an Andrew-Type Storm Hit Florida Today?

Aug 28 2017 // Though Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, the risk of such a storm has not gone away or even declined. In fact, the state’s risk of...

Swiss Re: Miami Is More Vulnerable to Hurricanes Like Andrew

Aug 21 2017 // Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’...

Global Insured H1 Losses from Natural, Man-Made Disasters Were $23B: Swiss Re

Aug 18 2017 // Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled US$23 billion, while economic losses during the same period came to US$44 billion – an indication of the extent of...

Swiss Re Corporate Solutions Forms Global Contingency & Sports PA Team

Aug 17 2017 // Swiss Re Corporate Solutions has created a global Contingency and Sports Personal Accident (PA) team and appointed Jonathan Cole as head Contingency and Sports PA, effective immediately.Cole will be responsible for...

4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch

Aug 17 2017 // The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market...

Swiss Re: Miami Is More Vulnerable to Hurricanes Like Andrew

Aug 10 2017 // Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’...

Report Calls out $361M of Euro Insurer Assets in Expanding Coal Concerns

Aug 3 2017 // A climate activist group is calling out a handful of European insurers for having significant holdings in fossil fuels despite pledges by the companies to be more climate friendly.A report released today alleges that...

Report: Climate Change May Pose Threat to Nation’s Electric Grid

Jul 27 2017 // Climate change may pose a serious risk to the nation’s electric grid, according to a new report.The report was prepared by Johns Hopkins University with help from Swiss Re. “Lights out: The risks of climate and...