Latest Swiss Re Headlines

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

Swiss Re Corporate Solutions & Bradesco Seguros Agree to Form Brazilian Large-Risk Insurer

Oct 13 2016 // Swiss Re Corporate Solutions Ltd. and Rio de Janeiro-based Bradesco Seguros S.A.* have signed definitive agreements under which Bradesco Seguros will contribute its commercial large-risk portfolio to Swiss Re Corporate...

September Earthquake Deemed Oklahoma’s Strongest on Record; Insured Costs Uncertain

Sep 19 2016 // An earthquake that hit Pawnee, Okla., in the north central part of the state on Sept. 3 was upgraded on Sept. 7 from the preliminary 5.6 magnitude estimate to a 5.8 magnitude temblor by the U.S. Geological Survey, making...

Oklahoma Quake Insured Costs Uncertain; Swiss Re Suggests New Products Needed

Sep 13 2016 // Damage estimates of insured losses from the earthquake that hit Pawnee, Okla., in the north central part of the state on Sept. 3 likely won’t be available until early October, according to an insurance department...

Is This the Bottom of Reinsurance Cycle? Opinions Vary at Rendez-Vous

Sep 13 2016 // It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand.Both Swiss Re and Hannover Re told journalists at this year’s reinsurance Rendez-Vous de Septembre in...

Top 25 Non-Life Reinsurers: Swiss Re Leads, Berkshire Drops in A.M. Best’s 2016 Ranking

Sep 12 2016 // Swiss Re landed on top of a ranking of global non-life reinsurers, just edging out Munich Re by a few hundred million dollars in premium on a list extracted from an A.M. Best analysis.The rating agency’s special...

Swiss Re Corporate Solutions Licensed to Offer Non-Life Insurance in Hong Kong

Sep 1 2016 // Swiss Re Corporate Solutions announced that its wholly owned Luxembourg subsidiary, Swiss Re International SE, has obtained formal authorization from the Office of the Commissioner of Insurance Hong Kong to carry on...

Swiss Re Corporate Solutions Launches ‘CyberSolutions Germany’

Sep 1 2016 // Swiss Re Corporate Solutions has expanded its cyber offering with the launch of CyberSolutions Germany, a new, market-specific primary insurance product.This advanced cyber risk protection solution provides tailored...

Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs

Aug 23 2016 // It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could...

Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma

Aug 18 2016 // Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a report issued by Swiss...

Swiss Re Names Madzinga to Lead Reinsurance in Middle East and Africa

Aug 12 2016 // Swiss Re announced the appointment of Tavaziva (“Tava”) Madzinga as its new reinsurance managing director & market executive for Middle East and Africa.His appointment is effective Nov. 1, 2016, subject to...

Mutual Insurers Regain Some Global Market Share, but Threats Remain: Swiss Re

Aug 3 2016 // Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years. Those gains are threatened, however, by new financial regulations, changes in corporate...

Swiss Re Q2 Profit Drops on Higher Natural Catastrophe Losses

Jul 29 2016 // Swiss Re AG, the world’s biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims including earthquakes in Japan and forest fires in Canada.Net income declined to $637...

Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover

Jul 25 2016 // Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms and earthquakes affecting certain coastal states of the U.S.The bonds have been issued by...

Swiss Re Taps Harman, Poppie for U.S. Central Region Leadership Positions

Jul 18 2016 // Swiss Re Corporate Solutions has added Christine Harman as senior vice president, head of Casualty, and named Gabriel Poppie as senior vice president, head of Sales, for its U.S. Central Region. Both are based in...

Swiss Re Corporate Solutions Appoints Jia as CEO of China Operations

Jul 11 2016 // Swiss Re Corporate Solutions has appointed Jingwei Jia as chief executive officer, China, effective immediately. Jia will be based in Shanghai and drive Swiss Re Corporate Solutions’ strategy of building its China...

Disaster Response: Pandemic Insurance to the Rescue

Jul 11 2016 // The shoe may eventually be placed on the other foot for the United States.This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other...

Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover

Jul 8 2016 // Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms and earthquakes affecting certain coastal states of the U.S.The bonds have been issued by...

Swiss Re Corporate Solutions Names Brohm as CEO Latin America

Jul 5 2016 // Swiss Re Corporate Solutions appoints Axel Brohm, an experienced Swiss Re executive, as CEO Latin America. Brohm will assume this role immediately and relocate from Zurich to Miami in the coming months.In his new position,...

Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re

Jun 29 2016 // Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma...

Swiss Re Appoints Arora as Global Head of Casualty

Jun 20 2016 // Swiss Re has appointed Steve Arora as its new global head of Casualty. In this capacity he will also be joining the Reinsurance Executive Committee.Arora, currently head of Japan, will move with his wife and three children...