Latest Swiss Re Headlines

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

Swiss Re sigma Study Puts 2002 Cat Losses at $13.5 Billion

Mar 13 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the insurance industry at $13.5 billion, $1.5 billion more than the company’s preliminary...

New Swiss Re Technical Publication Issued for Calculating Claims Ratio in Third Party Auto Liability Insurance

Mar 10 2003 // Swiss Re announced that it has published a new brochure on the “Pricing of motor quota share treaties,” which will give brokers and insurers a guide on “how premiums can be profitably priced in ther...

Swiss Re’ Expects $74 Million 2002 Loss; January Renewal Rates up 10%

Feb 26 2003 // Swiss Re indicated that it expects to post a net loss in the CHF 100 million ($73.7 million) range for the year 2002, due primarily to weakness in global equity markets, but the company also announced that the January...

Silverstein Spokesman Replies to Swiss Re Comments; Calls them ‘Cynical, Manipulative’

Feb 5 2003 // Howard Rubenstein, a spokesman for Larry Silverstein, responded to Swiss Re’s press release of Feb. 4, that criticized Silverstein in his attempt to collect insurance money from the Sept. 11, 2001 attack on the World...

Swiss Re Files Brief in Silverstein Case

Feb 4 2003 // In a brief filed Feb. 4 with the United States Court of Appeals for the Second Circuit, Swiss Re reports in a company statement that it provides detailed, unequivocal evidence not previously presented to the public that...

Silverstein Registers Second Litigation Triumph in One Day

Jan 29 2003 // Silverstein Properties Inc. reported Wednesday that the district judge presiding over its dispute with the insurers of the Twin Towers had granted its motion to compel Swiss Re and Allianz to produce notes of meetings held...

Swiss Re Says Continued Emphasis on Underwriting Essential in ’03

Jan 13 2003 // At Swiss Re’s Year-End Economic and Insurance Industry Review 2002 and Outlook 2003, held mid-December 2002 New York, various speakers discussed the precarious situation most of the world’s major economies and...

Swiss Re Appoints Ann Godbehere as Chief Financial Officer

Dec 20 2002 // Swiss Re announced that its Board of Directors has appointed Ann Godbehere as CFO, effective 1 April 2003, succeeding John H. Fitzpatrick, who’s been named to head Swiss Re’s Life & Health Business...

Preliminary Swiss Re sigma Report Confirms 2002 “Below Average” Year for Catastrophe Losses

Dec 19 2002 // Swiss Re has issued some preliminary findings from its forthcoming sigma report on the world’s catastrophes in 2002. Initial estimates show that it was a relatively benign year. Although “19,000 people world...

Swiss Re Panel Sees Modest Economic Growth, Continuing Hard Market

Dec 11 2002 // Swiss Re’s third annual “Economic and Insurance Industry Review and Outlook” was held yesterday in New York City. The meeting featured a panel discussion between Swiss Re economists, investment...

A.M. Best Affirms Swiss Re A++ (Superior) Financial Ratings, Downgrades Debt Ratings with Negative Outlook

Dec 6 2002 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of Swiss Reinsurance Company (Swiss Re) and its core subsidiaries with a negative outlook.At the same time, however, the rating agency announced...

New Swiss Re Study Finds Lowest Growth in Premiums Since 1980’s

Dec 5 2002 // A new Swiss Re Sigma report released yesterday concluded that overall global premium income reached $2.408 trillion in 2001; while that’s a lot, it’s only a “modest 1 percent growth over 2000,”...

ART Solutions on the Rise in Hard Markets

Nov 11 2002 // At a recent seminar on the use of alternative risk transfers (ART) in hard markets, “ART Solutions in a Time of Capacity Shortage,” global reinsurer Swiss Re, which hosted the event, noted that more and more of...

Swiss Re Report Urges Reinsurers to ‘Get-back-to-Basics’

Nov 11 2002 // Swiss Re has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural catastrophe underwriting as...

Swiss Re’s Chief US Economist Comments on Fed’s Rate Reduction

Nov 7 2002 // Swiss Re’s chief US economist, Kurt Karl, stated that the Federal Reserve Board’s decision to lower the target federal funds rate to 1.25 percent from 1.75 percent was an attempt to “bolster the economy...

Swiss Re Resolves Dispute with Lincoln National

Oct 30 2002 // Swiss Re announced that it has resolved its dispute with Lincoln National Corporation related to Swiss Re’s December 2001 acquisition of Lincoln Re. Under the terms of the settlement Lincoln will pay Swiss Re $295...

Reinsurance Market Tries to Reel In Profits

Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless, commentators were almost unanimous in predicting that the market would harden,...

ART Solutions on the Rise in Hard Markets

Oct 28 2002 // At a recent seminar on the use of alternative risk transfers (ART) in hard markets, “ART Solutions in a Time of Capacity Shortage,” global reinsurer Swiss Re, which hosted the event, noted that more and more of...

Reinsurance Market Tries to Reel In Profits

Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless commentators were almost unanimous in predicting that the market would harden,...

Swiss Re Report Urges Reinsurers to “Get-back-to-Basics”

Oct 25 2002 // Swiss Re announced that it has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural...