All the headlines from our Swiss Re Topic Page, ordered by recency.
Jul 24 2006 // Swiss Re, the world’s biggest reinsurer since it completed the acquisition of GE Insurance Solutions, has lost no time in reducing its workforce. In a move it characterized as a “process to capture efficiency...
Jul 24 2006 // Starr Aviation Agency, ChubbStarr Aviation Agency Inc., a wholly-owned specialty subsidiary of C.V. Starr & Co. Inc. and The Chubb Corp. entered into an underwriting agreement under which Chubb will provide hull and...
Jul 24 2006 // Swiss Re, the world’s biggest reinsurer since it completed the acquisition of GE Insurance Solutions, has lost no time in reducing its workforce. In a move it characterized as a “process to capture efficiency...
Jul 13 2006 // Swiss Reinsurance Co. said Tuesday it would cut up to 2,000 jobs by the end of 2007 in a bid to improve efficiency.Large offices in Zurich; London; Munich; Armonk, N.Y.; and Kansas City, Kan., will be primarily affected,...
Jul 11 2006 // Swiss Re – the world’s biggest reinsurer since it completed the acquisition of GE Insurance Solutions – has lost no time in reducing its workforce. In a move it characterized as a “process to...
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...