Latest Swiss Re Headlines

All the headlines from our Swiss Re Topic Page, ordered by recency.

Swiss Re Reports 7% P/C Renewal Premium Growth

Feb 17 2004 // Swiss Re announced that it has registered a seven percent increase in P/C premium growth following the latest round of renewals, occasioned by a “combination of further rate increases and portfolio...

Swiss Re to Acquire CNA’s Life Business for $690 Million

Feb 5 2004 // Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well as a life insurance servicing and administration facility in Nashville, Tenn.,...

Cosette R. Simon to Head New Swiss Re Washington D.C. Office

Jan 28 2004 // International reinsurer Swiss Re announced the opening of a new branch office in Washington D.C., establishing a closer physical presence to policymakers and associations in the nation’s capitol.Cosette R. Simon, a...

Swiss Re Receives Japan Branch License

Dec 29 2003 // Swiss Re announced that it has received a branch license from Japan’s Financial Services Agency, giving it permission to provide its reinsurance services locally, both in Property & Casualty and in Life &...

Swiss Re Officially Opens Beijing Office

Dec 23 2003 // Swiss Re CEO John Coomber has officially opened the company’s China branch office in Beijing. The company will offer reinsurance services in both Life & Health and P/C to China’s rapidly growing insurance...

Swiss Re Forum Sees Opportunities for the Strongest Companies

Dec 11 2003 // Andreas Beerli, Head of Swiss Re’s P/C business in the Americas, speaking at the company’s Year-end Economic and Insurance Industry Review 2003/Outlook 2004 forum in New York yesterday, indicated that continued...

Swiss Re to Host Year-End Economic and Insurance Industry Review 2003/Outlook 2004

Dec 8 2003 // Swiss Re will host is annual conference on this year’s industry results, and the prospects for 2004, in New York City on, Wednesday, December 10, from 8:45 am to 10:00 am at Park Avenue Plaza, located at 55 East 52nd...

Feb. Trial Date for Swiss Re/Silverstein WTC Dispute

Nov 25 2003 // U.S. District Court Judge Michael Mukasey has set Feb. 9, 2004 as the date for the first of several trials to determine the outcome of the lawsuit pitting Swiss Re, Travelers and other insurers of the World Trade Center...

New Swiss Re Publication Looks at Question: Is Ecological Damage Insurable’

Nov 12 2003 // Legislative initiatives within the European Union, as well as at the United Nations, the European Parliament and various countries reportedly are currently aimed at introducing a liability regime for dealing with...

WTC CLAIMS WAR OF WORDS CONTINUES AS GOV. SEEKS SETTLEMENT:

Nov 3 2003 // Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade...

Swiss Re Downgraded

Nov 3 2003 // A.M. Best Co. has downgraded the financial strength ratings to “A+” (superior) from “A++” (superior) of Swiss Re and its core subsidiaries. At the same time, Best has accordingly downgraded the...

Swiss Re Downgraded

Nov 3 2003 // A.M. Best Co. downgraded the financial strength ratings to “A+” (superior) from “A++” (superior) of Swiss Re and its core subsidiaries. At the same time, Best downgraded the ratings on all debt...

WTC Claims War of Words Continues as Governor Seeks Settlement

Oct 13 2003 // Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade...

Court Rules Against Silverstein WTC Claim, Orders Jury Trial

Sep 29 2003 // John M. Walker, Jr., Chief Judge of the U.S. Court of Appeals for the Second Circuit, has issued a ruling denying Silverstein Properties’ motion for summary judgment in its battle with Swiss Re, Travelers and other...

Swiss Re Reports $490 Million 1st Half Net Earnings

Aug 29 2003 // Unlike its German rival (see following story) Swiss Re posted a significant first half-earnings increase to CHF 691 million ($490 million), compared to CHF 118 million ($83.6 million) in the same period of 2002. Total...

Swiss Re Report Says Hospitals Face Growing ‘Mad Cow Disease’ Threat

Aug 22 2003 // Hospitals face a growing threat from a new variant of Creutzfeldt-Jakob disease (vCJD), the human version of “mad cow disease,” the killer infection that decimated British cattle herds in the 90’s. Swiss...

New Swiss Re Sigma Study Examines Ratings

Aug 22 2003 // A newly issued sigma study from Swiss Re “Insurance company ratings”, examines rating assessments, as determined by the four major agencies, A.M. Best, Fitch Ratings, Moody’s Investors Service, and...

S&P Cuts Swiss Re

Aug 18 2003 // Standard & Poor’s Ratings Services lowered its long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. and related core subsidiaries of the...

S&P Affirms Gerling NCM Credit and Finance Ratings

Aug 13 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and insurer financial strength ratings on the core operating entities of Germany-based insurance group,...

Swiss Re, Mitsui Sumitomo Arrange $100M Catastrophe Risk Swap

Aug 6 2003 // Swiss Re and Mitsui Sumitomo Insurance Company have arranged a $100 million catastrophe risk swap. The catastrophe risk swap is structured in two risk exchanges of $50 million each: Japan typhoon for North Atlantic...