All the headlines from our Swiss Re Topic Page, ordered by recency.
Jan 12 2010 // Global property/casualty insurer Chartis Inc., formerly AIG, has named Thomas Scherer as senior vice president and general counsel, responsible for worldwide legal operations. Most recently, Scherer worked for seven years...
Jan 5 2010 // Swiss Re has entered into a transaction with Redwood Capital XI Ltd., a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million in the event of a...
Dec 29 2009 // Swiss Re has concluded that, despite the unusually quiet 2009 hurricane season, “overall natural catastrophe losses have increased significantly over time and are expected to grow further.“The premium for our...
Dec 20 2009 // Swiss Re’s recent Economic Forum at the reinsurer’s iconic London headquarters presented a far more encouraging picture of the world’s financial condition than a year ago. Thomas Hess, Swiss Re’s...
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Dec 15 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Swiss Reinsurance Company Ltd. and its subsidiaries. Best also affirmed...
Dec 3 2009 // Swiss Re announced that it has entered into a transaction with Successor X Ltd. a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million of payments.They...
Dec 1 2009 // Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be...
Nov 3 2009 // Swiss Re strengthened its capital in the third quarter, it reported on Tuesday, boosting its chances of repaying a costly convertible loan from Warren Buffett as it beat operating profit forecasts in its core...
Oct 14 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, has acquired insurance consulting and asset management provider Conning & Co. from Swiss Reinsurance Co. Ltd.Conning & Co....
Oct 8 2009 // Swiss Re has received a composite license from Bank Negara Malaysia to write Retakaful business, and has opened a dedicated Retakaful operation in Malaysia’s capital, Kuala Lumpur.Swiss Re said the composite license...
Sep 29 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Accident & General Insurance Company Ltd. (AGI) of the Cayman...
Sep 23 2009 // Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB-‘ senior unsecured debt, ‘BB+’ subordinated unsecured debt, and ‘BB’ preferred shares ratings on Fairfax...
Sep 15 2009 // A report, published on Swiss Re’s web site from the Economics of Climate Adaptation Working Group, indicates that climate risks could cost nations up to 19 percent of their GDP by 2030, with developing countries most...
Sep 10 2009 // According to Swiss Re’s new sigma study, “the role of indices in transferring insurance risks to the capital markets”, both (re)insurers and investors benefit when clearly defined and regularly updated...
Aug 28 2009 // Swiss Re is intensifying its efforts to urge governments to take a “more joined-up approach to managing risk.”At a recent conference in Helsinki, Swiss Re, through its Nordic Risk & Insurance Summit...
Aug 27 2009 // New York-based AmTrust Financial Services, Inc. has agreed to acquire CyberComp, the workers’ compensation business unit of Swiss Re, in a renewal rights transaction.Serving the workers’ compensation needs of...
Aug 5 2009 // Swiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitized products and its own credit spreads ate up operating returns.Zurich-based Swiss Re said it made a net loss of...
Jul 15 2009 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on various operating companies belonging to global reinsurer Swiss...
Jun 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Everest Reinsurance Co. (Ireland) Ltd. S&P also said the outlook on Everest Re...