Latest Swiss Re Headlines

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

Swiss Re in Talks with Phoenix on Admin Re Merger

Jul 12 2013 // Swiss Re Ltd., the world’s second- biggest reinsurer, said it’s in preliminary talks about combining its Admin Re business with Phoenix Group Holdings.“There is no certainty that these discussions will...

Swiss Re Estimates Europe Flood Claims at $300 Mn; Overall Losses $3.5-$4.5 Bn

Jul 8 2013 // Swiss Re has estimated that its claims burden from recent flooding in central and Eastern Europe is approximately $300 million, net of retrocession and before tax. Industry-wide insured losses are estimated to be between...

Swiss Re, Lloyd’s Among Insurers Probed by N.Y. on Iran Sanction

Jul 1 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...

Swiss Re sigma Study Finds Global Insurance Premium Growth at 2.4%

Jun 26 2013 // Swiss Re’s latest sigma study reveals that “total global premiums written increased by 2.4 percent in real terms in 2012 to $4.613 trillion. Life premiums expanded by 2.3 percent unwinding some of the...

Swiss Re to Trim Costs and Buy Credit to Lift Profitability

Jun 24 2013 // Swiss Re Ltd., the world’s second- biggest reinsurer, plans to reduce costs and repurchase debt as it seeks to boost profitability and increase its dividend.Swiss Re expects costs savings of as much as $300 million...

Aspen Re Taps Swiss Re Exec to Lead U.S. Business Development in Connecticut

Jun 21 2013 // Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, appointed Tom Luning as head of U.S. regional business development.Tom LuningHe will be based at Aspen Re America’s office in...

Swiss Re Publishes ‘Corporate Responsibility’ Report;’Sustainable’Insurance Goals

Jun 19 2013 // Swiss Re announced the publication of its “2012 Corporate Responsibility Report,” which it said “enhances its accountability by reporting against the Principles for Sustainable Insurance for the first...

S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs

May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...

Swiss Re Reports $1.4 Billion Q1 Net Income; Combined Ratio of 72.4%

May 2 2013 // Swiss Re’s earnings report reflected the lack of significant catastrophe events in the first quarter of 2013, which, except for the nasty winter weather in many parts of the world, didn’t see any high cost loss...

Swiss Re in Co-op Agreement with GEM Foundation for Latin America Quake Risk

Apr 24 2013 // The Swiss Re Foundation and the GEM Foundation announced a “three-year collaborative project to create the first-ever comprehensive picture of seismic risk in Latin America to incorporate social and economic...

Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re

Apr 8 2013 // Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re’s latest sigma study.The United States...

Swiss Re Settles Dispute with Berkshire Hathaway over Life Retrocession

Mar 28 2013 // Swiss Re announced that it has reached a settlement of a dispute with Berkshire Hathaway over a life retrocession agreement, concluded in 2010. The reinsurer said it “has agreed to take back some of the risks covered...

Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re

Mar 27 2013 // Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re’s latest sigma study.The United States...

Swiss Re Study for 2012 Losses: $77 Bn Insured; $186 Bn Economic

Mar 27 2013 // Swiss Re has released its latest sigma study, which found that economic losses from natural catastrophes and man-made disasters reached $186 billion in 2012. Insured losses amounted to $77 billion, making 2012 the third...

Swiss Re Posts $4.2 Billion 2012 Net Income; Premiums & Fees up 15%

Feb 21 2013 // Swiss Re reported strong 2012 results with net income for the year of $4.2 billion for full-year 2012, compared to $2.6 billion in 2011. The report said the “result was driven by strong premium and fee income growth...

Gray to Replace Cooper on RenaissanceRe Board of Directors

Feb 21 2013 // Bermuda-based RenaissanceRe Holdings Ltd. announced that Thomas A. Cooper, 76, who has served as a member of the Board since 1996, will retire as a Director, and that Brian G. J. Gray, the recently retired Group Chief...

Swiss Re Announces Aviation, Agriculture Management Changes

Jan 24 2013 // Swiss Re announced that its reinsurance business unit is undertaking changes in its organizational set-up of special lines. “Agriculture and Aviation Reinsurance will be no longer under the same roof and will be...

Best Affirms Swiss Re and Sub’s ‘A+’ Ratings; Outlook Stable

Jan 24 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Swiss Reinsurance Company Ltd and its subsidiaries. Best also affirmed...

Swiss Re Examines Impact of Sustainable Energy Sources on Climate Change

Jan 22 2013 // Swiss Re said its latest report – Building a Sustainable Energy Future: Risks and Opportunities – “describes the impact of the changing global energy mix on climate change.” The study uses a combination...

Swiss Re Study Examines Agricultural Insurance Role in Global Food Production

Jan 16 2013 // A new sigma study – Partnering for food security in emerging markets – from Swiss Re concludes that “global agricultural production must increase by 60 percent to feed the world’s population, which...