Latest Swiss Re Headlines

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

People Moves: Swiss Re Names Gonzalez as CEO Reinsurance China, McGrath Becomes Regional CEO for Corporate Solutions in N. America

Mar 18 2022 // Swiss Re announced that Ivan Gonzalez has been appointed CEO Reinsurance China and China country president with effect from July 1, 2022. He will relocate from New York to Beijing.Katie McGrath will succeed Ivan as...

Swiss Re to Reduce Cover for Oil, Gas Operations

Mar 18 2022 // Swiss Re, the world’s second biggest reinsurer, said it would increase the number of oil and gas producers for which it refuses cover, following mounting pressure on big business to help the drive to curb a global...

Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia

Mar 14 2022 // Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia.The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and...

Swiss Re Corporate Solutions to Open New Canada Branch as Part of N. America Restructuring

Feb 24 2022 // Swiss Re Corporate Solutions announced it has filed an application with regulators to establish a new Canadian branch of North American Specialty Insurance Co. (NAS) and transfer operations to that branch, including new...

Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction; Chubb Names Houghton Head of Distrib., UK & Ireland; Marsh Hires AXA XL’s Latham to Lead ART, UK&I

Feb 2 2022 // This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh.A summary of these new hires follows here. Swiss Re Corporate Solutions Promotes 2 in Engineering &...

People Moves: Definity’s Board Appoints Former Swiss Re Exec Schmid; SCOR Promotes Mumme-Young for Political & Credit Risk; Cathay Pacific’s Howell to Marsh Aviation

Dec 22 2021 // This edition of International People Moves details appointments at Definity Financial Corp., SCOR and Marsh.A summary of these new hires follows here. Definity Appoints Former Swiss Re Exec Schmid to Board of...

Swiss Re Reorganizes Group Operations, Names Ladva Group CTO, as Bronder Exits

Dec 16 2021 // Swiss Re announced the appointment of Pravina Ladva as group chief digital & technology officer and member of the group executive committee, effective Jan. 1, 2022. Group Chief Operating Officer Anette Bronder will...

Extreme Weather in 2021 Brings Above-Average Claims to Global Insurers: Swiss Re

Dec 14 2021 // Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in estimated annual insured losses from natural catastrophes of US$105 billion, the...

Swiss Re-Backed FWD Raises $1.4 Billion, Weighs Hong Kong IPO

Dec 14 2021 // Billionaire Richard Li’s FWD Group Ltd. raised more than $1.4 billion in private placements with investors including an insurer backed by Apollo Global Management Inc.The investors include Apollo’s Athene...

Swiss Re to Sell elipsLife to Swiss Life, Enters Long-Term Reinsurance Partnership

Dec 10 2021 // Swiss Re announced it has agreed to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new...

Swiss Re and China Tech Giant Baidu Partner to Advance Autonomous Driving Industry

Nov 19 2021 // Swiss Re and Chinese tech giant Baidu are teaming up to further develop the autonomous driving industry, announced Swiss Re.The partnership between Swiss Re and Baidu aims to further develop the autonomous driving industry...

Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re

Nov 19 2021 // TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising C$2.1 billion ($1.6 billion) in Canada’s second-largest IPO.Waterloo, Ontario-based Definity...

Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re

Nov 17 2021 // Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute’s latest sigma study.The global insurance market is set to...

Swiss Re CEO Mumenthaler Appointed Chairman of Geneva Association

Nov 16 2021 // The Geneva Association announced that Christian Mumenthaler, CEO of Swiss Re, was appointed the new chairman of the organization. Mumenthaler, who has been vice chairman since November 2019, succeeds outgoing Chairman...

Swiss Re Reports Better-Than-Expected Profit Despite Major Claims

Oct 29 2021 // Reinsurance company Swiss Re said on Friday it swung to a better-than-expected net profit in the first nine months as it recovers from the impact of the coronavirus pandemic despite big claims from major storms on both...

Swiss Re-Backed Getsafe Gets German Insurance License, Permitting Europe Expansion

Oct 25 2021 // Digital insurer Getsafe has received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate its expansion to the rest of Europe.“The license is a...

Swiss Re Estimates Hurricane Ida Could Cost Insurers $30 Billion

Oct 6 2021 // On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the range of $28–30 billion, excluding federal flood insurance losses.Hurricane Ida, the second-most intense...

Swiss Re Estimates Europe’s July Floods to Cost Insurers $12 Billion

Oct 5 2021 // Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately US$12 billion.The insurer also updated its own loss estimate for the July floods at approximately...

Swiss Re Estimates Hurricane Ida Could Cost Insurers $30 Billion

Oct 5 2021 // On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the range of $28–30 billion, excluding federal flood insurance losses.Hurricane Ida, the second-most intense...

People Moves: Howden Names Swiss Re’s Cochrane for Energy Transformation; Apollo Hires Sandi for Casualty Treaty; AXA XL’s MacColl to Atrium to Lead Hull & War

Sep 23 2021 // This edition of International People Moves details appointments at the broker Howden and two Lloyd’s insurers: Apollo Syndicate Management and Atrium Underwriting.A summary of these new hires follows here. Howden...