All the headlines from our Swiss Re Topic Page, ordered by recency.
Jun 29 2006 // Swiss Re has completed the sale of its wholly owned subsidiary Fox-Pitt, Kelton (FPK) to an investor group led by J.C. Flowers & Co. LLC and by FPK management. Swiss Re will hold a minority interest in the new...
Jun 28 2006 // Swiss Re’s economists held their “Mid-year Economic and Insurance Industry” teleconference yesterday, June 27, covering concerns on inflation, interest rates, high oil prices and the outlook for the...
Jun 19 2006 // Last fall’s disastrous hurricanes provided some rough times for the catastrophe modeling industry. Consequently the principal cat modelers — Applied Insurance Research, EQE International’s EQECAT, and...
Jun 13 2006 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Swiss Reinsurance Co. and its core entities to “AA-” from “AA”...
Jun 13 2006 // A.M. Best Co. and Fitch Ratings have both issued statements concerning their ratings on the Swiss Re Group and its subsidiaries following the closure of the acquisition of GEIS and related entities (See IJ Website June...
Jun 12 2006 // Swiss Re and General Electric have announced the completion of the sale of GE’s reinsurance business, GE Insurance Solutions, including Employers Reinsurance Corp. (ERC), to Swiss Re for between $7.4 billion,...
Jun 7 2006 // Swiss Re has obtained $950 million worth of protection against North Atlantic Hurricanes, Europe Windstorms, Californian Earthquakes and Japan Earthquakes through a natural catastrophe protection program named...
Jun 7 2006 // Standard & Poor’s Ratings Services has assigned its senior secured debt ratings to the principal at-risk variable-rate notes issued under Swiss Reinsurance Co.’s Successor shelf program (See previous...
Jun 7 2006 // Standard & Poor’s Ratings Services has placed its “A” financial strength rating on Employers Reassurance Corp. (ERAC), a subsidiary of GE Insurance Solutions (GEIS) on CreditWatch with developing...
May 22 2006 // Standard & Poor’s Ratings Services announced that it has assigned its “BB+” credit ratings to the $160 million class A and B principal-at-risk notes issued by CAT-Mex Ltd.“The transaction,...
May 22 2006 // Swiss Re announced that it has officially opened the “Swiss Insurance Training Centre (HK) [SITC-HK], to mark the company’s 50th year in Asia-Pacific.” Swiss Re said the new facility will provide...
May 10 2006 // A.M. Best Co. announced that it has assigned a rating of “a+” to the €1 billion ($1.2789 billion) perpetual step up-notes “issued by ELM B.V., a bankruptcy remote repackaging vehicle based in the...
May 9 2006 // Swiss Re announced that 50 percent of its existing shareholders have subscribed for the new shares issued pursuant to its “at-market rights offering” (See IJ Website April 27). “As a result of the...
May 5 2006 // Swiss Re said it is “is on track to complete its external financing for the acquisition of GE Insurance Solutions with the successful placement of $2.0 billion equivalent of hybrid capital securities.” The...
Apr 28 2006 // Standard & Poor’s Ratings Services announced that it has assigned its ‘A’ long-term junior subordinated debt rating to the proposed perpetual, subordinated, fixed-rate, step-up euro-denominated notes...
Apr 27 2006 // Swiss Re announced the launch of its planned $1 billion rights issue to fund its purchase of GE Insurance Solutions (GEIS). In addition, the company provided further information on its forthcoming hybrid capital offerings....
Apr 21 2006 // Swiss Re announced that the acquisition process of GE Insurance Solutions, including regulatory approvals, “is well on track for the expected mid-2006 closing of the transaction.” The soon to be world’s...
Apr 21 2006 // John Fitzpatrick, Swiss Re’s Head of Financial Services, is leaving the company to establish an investment fund in the insurance, securitization and financial services sector. Swiss Re’s bulletin indicated that...
Mar 3 2006 // A.M. Best Co. has issued a bulletin, indicating that its ratings on the “Swiss Re Group and its rated entities remain under review with negative implications,” following the publication of the Group’s...
Mar 2 2006 // Big reinsurance companies also take big hits when natural catastrophes occur. So its not too surprising that Swiss Re’s 2005 earnings report reflects the overall losses from an exceptionally violent year. Net profits...