All the headlines from our Swiss Re Topic Page, ordered by recency.
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...
Mar 1 2006 // Swiss Re announced the appointment of Beat Strebel to head its Latin American unit.Strebel, who is based in Armonk, New York, is responsible for all of Swiss Re’s Property & Casualty and Life & Health...
Feb 28 2006 // Swiss Re’s latest sigma report examines the natural catastrophes and man-made disasters of 2005. Among other findings it notes that “more than 97 000 people lost their lives” as a result of one of the...
Feb 28 2006 // Swiss Re announced that its shareholders have approved the creation of additional equity capital related to the financing of the GE Insurance Solutions acquisition at an Extraordinary General Meeting, held yesterday, Feb....
Feb 21 2006 // Standard & Poor’s Ratings Services announced that it would keep both GE Insurance Solutions (GEIS) and Swiss Re on its CreditWatch list, as they continue to work on their agreement to sell GE’s insurance...
Feb 14 2006 // Swiss Re appeared very upbeat after the completion of its January reinsurance treaty renewals. The Zurich-based reinsurer noted a “7 percent improvement in economic profit” and premium growth to CHF 9.3 billion...
Feb 13 2006 // Swiss Re announced that it has reached an agreement to sell its wholly-owned subsidiary, investment bank Fox-Pitt, Kelton (FPK), to a new company formed by J.C. Flowers & Co. LLC as well as FPK management.Swiss Re...
Jan 23 2006 // Swiss Re announced that it has completed a its first credit reinsurance securitization – a €252 million ($309 million) issue transferring credit insurance risk to the capital markets, “thereby increasing...
Jan 20 2006 // While Swiss Re and General Electric are working to close the sale of GE Insurance Solutions, it seems that less GE employees will be working at all when the deal is completed. Swiss Re indicated on Wednesday, Jan. 18, that...
Jan 19 2006 // Standard & Poor’s newly issued report on Corporate Securitizations notes that these types of transactions are gaining increasing acceptance as a capital management tool by European insurers, with Swiss Re and...
Jan 18 2006 // Swiss Re has released “A shake in insurance history — The 1906 San Francisco Earthquake,” to mark the centennial of the catastrophe.The reinsurer notes that it was “an event that altered the course...
Jan 9 2006 // It’s hard to get anything close to a consensus from financial analysts, but one forecast seems to be gaining almost universal credibility. The life sector is set for further consolidation in 2006. This appears to be...
Dec 21 2005 // Ever since Hurricane Katrina devastated New Orleans, 2005 looked certain to be a record-breaking year for insured losses. Swiss Re’s newly issued sigma report has now confirmed the sad fact.According to preliminary...
Dec 14 2005 // Andreas Beerli, CEO of Swiss Re’s Property & Casualty business in the Americas, recently hosted the company’s annual year-end economic and insurance industry review and outlook and led the discussion about...
Dec 4 2005 // In retrospect, the name GE Insurance Solutions (principal operating company Employers Re or ERC)-seems prophetic. Almost from the day that Jeffrey Immelt took over the reins at GE from its long-time CEO Jack Welch he began...
Nov 18 2005 // General Electric has agreed to sell most of its Insurance Solutions business, including Employers Reinsurance Corp., to Swiss Re for $6.8 billion. It will retain some life insurance business.The transaction is subject to...