All the headlines from our Swiss Re Topic Page, ordered by recency.
Mar 13 2007 // Swiss Re announced plans to alter its current corporate structure within the European Union by forming three legal entities, based in Luxembourg.They “will serve as risk carriers for most of its European reinsurance...
Mar 9 2007 // In its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in...
Mar 6 2007 // Swiss Re’s Commercial Insurance launched a new product for excess layer coverage for law firms.The expanded coverage is designed to follow the form of the underlying policy, features a broad range of attachment...
Mar 5 2007 // Swiss Re announced that it has completed the repurchase of more than 16 million shares, approximately 50 percent of General Electric’s stake in Swiss Re, for CHF 102.96 ($84.87) per share. Swiss Re announced plans to...
Mar 2 2007 // A.M. Best Co. has commented that its ratings for Swiss Re and its rated subsidiaries remain unchanged following the publication of its 2006 consolidated results (See IJ web site March 1).Best noted Swiss Re’s...
Mar 1 2007 // Swiss Re announced record 2006 earnings of CHF 4.6 billion ($3.76 billion), a 98 percent increase over 2005. Earnings per share were CHF 13.49 ($11.02), a 16.3 percent return on equity. Shareholders’ equity rose by...
Feb 23 2007 // Cleveland, Ohio-based KeyCorp Bank will receive $279 million from a Swiss insurance company to settle a six-year-old lawsuit over losses it claimed in its car leasing business.The settlement, disclosed this week in a...
Feb 23 2007 // Swiss Re announced that it has completed the sale of its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion) (See IJ web...
Feb 23 2007 // Toronto-based Fairfax Financial Holdings recorded net earnings in US dollars of $159.1 million for the fourth quarter of 2006 and $227.5 million for the 2006 year ($8.45 and $11.92 per diluted share, respectively).The...
Feb 13 2007 // Swiss Re announced that it has “grown its non-life [P/C] reinsurance portfolio by CHF 1.3 billion [$1.04 billion] or 14 percent, which reflects successful renewals of business acquired through the acquisition of...
Feb 6 2007 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to “A+” (Superior) from “A” (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Employers...
Feb 5 2007 // Swiss Re has agreed to sell its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion). The transaction is expected to close...
Jan 26 2007 // Swiss Re’s preliminary estimates of its potential net losses from Windstorm Kyrill are around €140 million ($181 million) before tax. Its gross claims estimate is around €220 million ($284 million), but this is...
Jan 23 2007 // Swiss Re has issued a “focused report,” which assess the growth of the catastrophe bond market and calls for the establishment of an independent agency to “aggregate European claims data and provide the...
Jan 18 2007 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” and assigned an NR-5 (Not Formally Followed) to GE Reinsurance...
Jan 9 2007 // Newark Calif.-based Risk Management Solutions, a leading provider of products and services for the management of natural hazard risk, announced the acquisition of HailCalc Europe, which it described as “the first...
Jan 4 2007 // Swiss Re announced that it’s offering a rebate of up to CHF 5000 ($4058) to each of its employees who commit to reducing “her or his personal carbon footprint.”Swiss Re said: “The ‘COyou2...
Dec 25 2006 // JANUARYHallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
Dec 24 2006 // JANUARYHallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...