All the headlines from our Swiss Re Topic Page, ordered by recency.
Jan 9 2008 // Swiss Re announced that it has entered into an agreement to acquire a 25 percent stake in Vietnam’s leading reinsurance provider, Vietnam National Reinsurance Corporation (VinaRe), for VND1.3 trillion (approximately...
Jan 8 2008 // Swiss Re announced that it has successfully structured and placed €200 million ($294 million) of securities covering windstorm events in France.The deal forms part of a three-year reinsurance agreement between Swiss Re...
Jan 8 2008 // Swiss Re’s Westport Insurance Corp. has announced a merger with Employers Reinsurance Corp. Both are U.S. domiciled corporations. Employers Reinsurance Corp. also maintains a Canadian Branch.In the merger, Employers...
Dec 27 2007 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green...
Dec 19 2007 // Swiss Re has released a preliminary “sigma” report detailing the extent of 2007’s catastrophe losses. According to its initial estimates, more than 20,000 people were killed by natural and man-made...
Nov 21 2007 // A.M. Best Co. announced that it has placed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa” of Swiss Reinsurance Co. and its similarly-rated subsidiaries...
Nov 21 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on France-based insurer MMA IARD Assurances Mutuelle (MMA IARD) to ‘A’ from...
Nov 19 2007 // Even the world’s largest reinsurer isn’t immune to the subprime mortgage crisis. Swiss Re announced that “following completion of its October performance reporting,” it is now obliged to report a...
Nov 6 2007 // Swiss Re’s third quarter earnings report revealed a five percent drop in net income to CHF 1.469 billion ($1.28 billion) compared to CHF 1.55 billion ($1.35 billion) in the third quarter of 2006. The results actually...
Nov 6 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa” of Swiss Reinsurance Company (Swiss Re) and its rated subsidiaries. Best...
Nov 6 2007 // Swiss Re’s Commercial Insurance and Lockton Risk Services, Inc., today announced the launch of a new product designed to protect the reputation and assets of law firms in Missouri and Kansas.The program, Lawyers...
Nov 6 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable...
Oct 26 2007 // Swiss Re announced that it has appointed Raj Singh as the Group’s new Chief Risk Officer. He will succeed Christian Mumenthaler who is taking over operational leadership of the global Life & Health Products...
Oct 19 2007 // Swiss Re announced that “according to a recent sigma study, bancassurance is on the rise, particularly in emerging markets. Worldwide, insurers have been successfully leveraging bancassurance to gain a foothold in...
Oct 11 2007 // Insurance run-off specialst PRO Insurance Solutions Limited has formed a new U.S. affiliate, PRO Insurance Solutions, Inc., or PRO US.The company is a member of the Swiss Re Group and a subsidiary of Swiss Re America...
Sep 27 2007 // Swiss Re announced the launch of its “Climate Adaptation Development Program” (CADP) at the Clinton Global Initiative 2007 meeting, which took place in New York on Sept.26-28.The Program is “designed to...
Sep 25 2007 // Swiss Re has recognized the Nature Conservancy for its commitment to sustainable watershed management in Jamaica. The reinsurer announced that as part of its International ReSource Award competition, it has given the...
Sep 19 2007 // Swiss Re’s Chief US economist, Kurt Karl, issued a comment following the decision by the Federal Reserve to lower the target fed funds rate 50 basis points to 4.75 percent. He described the move as a “strong...
Sep 11 2007 // Swiss Re said it “will continue to remain focused on economic profit growth, at the expense of premium volume, if necessary,” adding that the world’s largest reinsurer “is well positioned for the...
Sep 11 2007 // Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and insurer financial strength ratings to Luxembourg-based composite reinsurer Swiss Re Europe S.A. with a stable...