All the headlines from our Swiss Re Topic Page, ordered by recency.
Nov 18 2005 // Fitch Ratings, the international rating agency, has placed Swiss Reinsurance Company on Rating Watch Negative and GE Insurance Solutions Corp. on Rating Watch Positive (see list of ratings below).The rating action follows...
Nov 4 2005 // Swiss Re announced that based on current estimates, it expects its aggregate claims for hurricanes Rita and Wilma to be approximately $750 million.CEO John Coomber commented: “This year’s hurricane season...
Oct 10 2005 // Swiss Re announced that it has joined seven other companies, including Zurich Financial Services, as a founding member of the International Committee of the Red Cross (ICRC) Corporate Support Group, which will support the...
Sep 20 2005 // Spanish insurer Grupo Catalana Occidente announced that it has acquired 3,969,466 shares in global credit insurer Atradius – an additional 7.01 percent stake – from Swiss Re, Atradius’ largest...
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Sep 12 2005 // Swiss Re has issued a major revision of its expected claims from Hurricane Katrina, increasing its loss estimates by $700 million from $500 million to $1.2 billion. The reinsurer is the first, but undoubtedly not the last,...
Sep 1 2005 // Swiss Re announced that, based on its preliminary estimate, it expects claims related to Hurricane Katrina to be in the range $500 million (CHF 625 million) before tax. “Swiss Re expects Hurricane Katrina to cost the...
Aug 25 2005 // Concurrently with its 1st half earnings release (See related article), Swiss Re’s Board of Directors announced that Jacques Aigrain, currently Deputy CEO, has been appointed to succeed John Coomber, who will retire...
Aug 25 2005 // Swiss Re announced group net income of CHF 1.353 billion ($1.074 billion) for the first half of 2005, a 6 percent decline, compared to the CHF 1.441 billion ($1.144 billion) it earned in the same period of 2004.The...
Aug 11 2005 // A.M. Best Co. announced that it has assigned a rating of “aa” to the forthcoming Sw.Fr. 300 million ($235 million) senior notes to be issued by Swiss Re Treasury (US) Corporation and guaranteed by Swiss...
Jul 12 2005 // Swiss Re has named Debra Hall to the newly-created position of vice president and regulatory counsel, Government Relations and Public Policy. Hall, who is responsible for working with government and industry officials on...
Jul 6 2005 // Swiss Re Capital Management and Advisory (CMA) has named Andreas Gocksch as Head of Market Risk. He will be based in New York and is responsible for managing the global market risk management function in CMA, reporting to...
Jul 1 2005 // Kurt Karl, Swiss Re’s chief economist in North America, led the reinsurer’s Mid-year Economic and Insurance Industry Teleconference yesterday, June 30. The panelists forecast that a “modest rise in...
Jun 19 2005 // Cat model reassessments cause rating and capital changesLast fall’s disastrous hurricanes provided some rough times for the catastrophe modeling industry. Consequently the principal cat modelers – Applied...
Mar 18 2005 // A.M. Best Co. and Standard & Poor’s Ratings Services have both issued comments on Swiss Re’s 2004 earnings (See IJ Website March 17), indicating that they were in line with the rating agencies’...
Mar 17 2005 // Swiss Re joined Munich Re in reporting strong 2004 results. The group reported net profits of CHF 2.5 billion ($2.167 billion) compared to CHF 1.7 billion ($1.474 billion) in 2003, a 45 percent gain, despite 2004’s...
Mar 1 2005 // Swiss Re today announced the appointment of Qin Lu as general manager of the company’s Malaysia branch. Andrew Davidson, who served as head of the branch since 2002, is relocating to Swiss Re in Australia to take up...
Feb 14 2005 // Swiss Re said its “continued focus on profitable underwriting achieved attractive rates in the January renewal,” even as the world’s second largest reinsurer’s premium volume decreased slightly by 2...
Feb 3 2005 // Swiss Re’s chief economist Kurt Karl endorsed the 25 basis point (bp) Federal Reserve increase in the target fed funds rate to 2.5 percent. “Slow and steady wins the race,” he noted. “We still...