All the headlines from our Swiss Re Topic Page, ordered by recency.
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,...
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...
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...
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...
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...
Jun 15 2011 // The Directors of Swiss Re Group and the Directors of Swiss Re America Holding Corporation announced that J. Eric Smith will join Swiss Re as President and CEO, Americas effective July 11. He will replace Pierre Ozendo who...
Jun 10 2011 // Swiss Re is to reinsure a five-year project that provides drought insurance for crops in Ethiopia, in a microinsurance program developed by the World Food Program (WFP) and Oxfam America.The world’s biggest reinsurer...
Jun 1 2011 // Swiss Re announced that it will acquire approximately 300,000 policies and £1.6 billion [$2.62 billon] in assets from American Life Insurance Company.The transaction reinforces Swiss Re’s “commitment to...
May 5 2011 // Swiss Re has estimated that its first quarter P&C pre-tax catastrophe losses exceed $2.3 billion, resulting in the $1.233 billion operating loss in this sector given above. Swiss Re’s earnings bulletin pointed...
Mar 29 2011 // According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were $218 billion in 2010, more than triple the 2009 figure of $68 billion.The losses cost the...
Mar 25 2011 // Swiss Re’s Board of Directors has announced the agenda for the reinsurer’s forthcoming annual general meeting, set for April 15, and the proposals for which it will seek approvals.The Board will propose a...
Mar 21 2011 // Swiss Re has released a preliminary estimate of its claims costs, net of retrocession and before tax, from the earthquake and the tsunami in Japan of $1.2 billion. The reinsurer cautioned that these “estimates are...
Mar 15 2011 // Swiss Re issued a statement which stressed that it is “committed to the Japanese insurance market and to supporting the country’s recovery from the devastating earthquake and tsunami which claimed many lives...
Mar 2 2011 // Swiss Re has announced that, based on current information, it provisionally estimates its claims cost from the earthquake in New Zealand on February 22nd to be approximately $800 million, net of retrocession and before...
Feb 17 2011 // Swiss Re struck a note of confidence on its pricing power and hiked its dividend, saying capital had recovered since it turned to U.S. billionaire Warren Buffett for help in the financial crisis.The world’s...
Feb 10 2011 // Global reinsurance giant Swiss Re said Australia’s natural disaster risk was increasing and urged its governments to cover the rising damages bill using insurance instruments like catastrophe bonds as opposed to...
Jan 27 2011 // Swiss Re notes that the “increasing severity and frequency of natural catastrophes are driving up the cost of disaster relief, especially in developing and emerging markets as they are hurt the most and prepared the...
Jan 10 2011 // Canopius Group Limited, a privately owned Lloyd’s re/insurer, has announced its intention to “extend its international footprint with the establishment of a reinsurance underwriting platform, Canopius Europe,...
Jan 7 2011 // Swiss Re Capital Markets has successfully structured and placed €75 million [app. $97 million] of notes issued by Green Fields Capital Limited covering French windstorm events.“Green Fields is a newly...
Jan 5 2011 // Swiss Re has obtained another $170 million in protection through the Successor X Ltd. catastrophe bond program, covering Australia earthquake, North Atlantic hurricane and California earthquake risks.“The combination...