Latest Swiss Re Headlines

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

Swiss Re Purchases 1.1 Million Life Policies from Legal & General for $873.6M

Dec 6 2017 // Swiss Re has agreed to purchase 1.1 million life insurance policies from UK insurer Legal & General Group (L&G) for £650 million ($873.6 million).These policies will be managed by ReAssure, Swiss Re’s closed...

‘Substantial’ Rate Hikes Expected As Re/Insurers’ Results Take a Hit: Swiss Re

Dec 4 2017 // Non-life re/insurers’ full-year underwriting results are likely to be severely affected by the second half of the year’s three hurricanes and earthquakes in Mexico–which will lead to rate hardening for...

As Re/Insurers’ Results Are Hit, ‘Substantial’ Rate Hikes Expected: Swiss Re

Nov 22 2017 // Non-life re/insurers’ full-year underwriting results are likely to be severely impacted from the second half’s three hurricanes and earthquakes in Mexico, which will lead to rate hardening for non-life insurers...

Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable

Nov 13 2017 // After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if it wants to survive climate change.Insuring against weather natural...

Swiss Re Posts $468M 9-Month Loss, Anticipates Re/Insurance Rate Hikes

Nov 2 2017 // A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this year, it said on...

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...