Latest Swiss Re Headlines

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

Swiss Re Economists See Weak Growth; Some Market Hardening; EU Peril

Dec 2 2011 // Swiss Re presented its latest analysis of the global economic outlook and its potential impact on the insurance industry at an economic forum in London yesterday, December 1.Chief Economist Kurt Karl began the discussion...

Renewable Energy Sector Presents Rising Risks, Demand for Insurance

Nov 30 2011 // The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and governments cut funding due to the uncertain economic environment.Based on a survey of...

Swiss Re Places $130 Million Cat Bond for Hurricanes, European Wind

Nov 9 2011 // Swiss Re has obtained a further $130 million in protection through the Successor X Ltd. catastrophe bond program, which covers exposures to “North Atlantic hurricane and European windstorm.” Swiss Re noted that...

Business Moves

Nov 7 2011 // The Doctors Co., FPICMedical liability insurer The Doctors Co. completed its previously-announced acquisition of FPIC Insurance Group Inc., a major provider of health care liability insurance in Florida, Texas, Georgia and...

Swiss Re Reports $1.3 Billion Q3 Net Income; Minimal Sovereign Debt Exposure

Nov 3 2011 // Swiss Re reported more good news, following the ratings upgrade from Standard & Poor’s. The world’s second largest reinsurer posted $1.3 billion net income in the third quarter of 2011, compared to $600...

S&P Upgrades Swiss Re and Core Subsidiaries to ‘AA-‘; Outlook Stable

Oct 31 2011 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Zurich-based reinsurer Swiss Reinsurance Co. Ltd., and its core subsidiaries (collectively...

Swiss Re Opens General Aviation Office in New York

Oct 11 2011 // Swiss Re Corporate Solutions’ aviation unit is expanding its operations in the North American general aviation (GA) market. It launched a New York-based underwriting team dedicated to developing its GA portfolio...

Ex- Swiss Re CEO Coomber Named as New ClimateWise Chairman

Sep 30 2011 // ClimateWise, the global insurance industry’s leadership group on climate change, announced that John R. Coomber, Swiss Re’s former CEO and now a member of the Board of Directors, will become the new Chairman of...

Swiss Re Policies Help Cholera Victims in Haiti, Poor Farmers in Africa

Sep 26 2011 // Global reinsurer Swiss Re is introducing business interruption coverage in case of cholera outbreaks for women entrepreneurs in Haiti.Swiss Re, together with Mercy Corps and Fonkoze, the largest microfinance organization...

Swiss Re Report Estimates 2011 First 6 Months Cat Losses at $70 Billion

Sep 9 2011 // Preliminary estimates from Swiss Re’s newly released sigma report indicate that “total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached an estimated $70...

Swiss Re Study Forecasts ‘Continued Growth’ for Insurance Linked Securities

Sep 7 2011 // According to Swiss Re’s study – “The fundamentals of insurance-linked securities” – some 15 years after they were introduced, the “market for insurance-linked securities (ILS) is poised for...

Swiss Re Sigma Study Examines Government/Private Sector Coverage

Aug 31 2011 // Swiss Re’s latest sigma study – “State involvement in private insurance” – examines the increasing symbiosis between governments and the private insurance sector. The report notes that...

Swiss Re Analyzes Effects of Economic Crisis on Nordic Insurance Market

Aug 30 2011 // Swiss Re, as host of its Nordic Risk & Insurance Summit (NORIS™) conference, warned that the “economic environment in the wake of the financial crisis is still very challenging and turbulent.”Swiss Re...

Swiss Re Applies for Local Reinsurance Registration in Brazil

Aug 29 2011 // Swiss Re announced that it has submitted an application to Brazil’s Superintendence of Private Insurance (SUSEP) for a local reinsurance registration.Swiss Re said it “views a Brazilian reinsurance registration...

Lloyd’s: Drought Caused Subsidence Costliest Natural Hazard in Parts of Europe

Aug 9 2011 // An article on the Lloyd’s web site notes that “news reports on climate change have focused on dire predictions of more hurricanes and increasing flooding due to rising sea levels. But subsidence caused by...

Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%

Aug 4 2011 // Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the same period of 2010. “All segments contributed to these positive results,...

New Swiss Re sigma study Reveals Global Premium, Capital Growth

Jul 6 2011 // A new study in Swiss Re’s sigma series concluded that the global insurance industry has returned to a pattern of growth. The study – World insurance in 2010 – reveals growth in global premium volume and...

Swiss Re Warns Europe of Increasing ‘Soil Subsidence’ from Climate Change

Jul 5 2011 // According to a new study from Swiss Re, “Europe is witnessing a dramatic increase in property damage as a result of soil subsidence.” A new loss model developed by Swiss Re and the Swiss Federal Institute of...

Swiss Re Sets Out Revised Leadership Structure

Jun 22 2011 // Swiss Re is completing what it described as “adjustments to its leadership structure to reflect the company’s new legal entity set-up.” As of May 20, 2011, Swiss Re Ltd is the holding company of the Swiss...

Zurich to Transfer London Run-Off Business to Swiss Re

Jun 15 2011 // Zurich Financial Services Group announced that one of Zurich’s non-core subsidiaries in the UK, Zurich Specialties London Ltd, will transfer its run off insurance business to Swiss Re at book value.Zurich said the...