All the headlines from our Swiss Re Topic Page, ordered by recency.
Jan 4 2002 // Germany’s Allianz AG has elected to become part of the World Trade Center dispute by joining Swiss Re and Chubb Corp. in seeking to have the destruction of the twin towers declared “one occurrence,”...
Jan 2 2002 // Silverstein Properties, the master leaseholder on the destroyed World Trade Center, has opened a new front in its ongoing battle with its insurers to recover for the loss on both of the twin towers by seeking court...
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Dec 21 2001 // Swiss Re announced that its exposure to Enron related losses is $173 million before tax, around $118 million after tax. It also announced the release of its latest sigma study, “World financial centres: New horizons...
Dec 20 2001 // Swiss Re, NCM and Gerling Insurance Group announced that they have completed the formation of Gerling NCM Credit and Finance AG, which combines Swiss Re’s 90% owned subsidiary, NCM Holding N.V., with Gerling Credit,...
Dec 18 2001 // The ongoing battle between Swiss Reinsurance Co. and Larry Silverstein will continue into the New Year.According to a Reuters story, a New York federal judge has set a deadline of April 30 in relation to the discovery...
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the FutureThis is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth, for...
Dec 10 2001 // Swiss Re Life & Health America Inc., the U.S. unit of Swiss Re Group, announced that its has completed the acquisition of Lincoln National’s reinsurance operations, Lincoln Re, for the announced price of $2...
Dec 4 2001 // Swiss Re welcomed action taken last week by the House of Representatives in moving the legislative process forward to provide a federal backstop for future terrorism risk. Jacques Dubois, CEO and President of Swiss Re...
Nov 29 2001 // Swiss Re announced that its annual conference, “Year-end Economic and Insurance Industry review of 2001 and Outlook for 2002,” will be held at its New York Offices at 55 E. 52nd Street next Tuesday December 4,...
Nov 20 2001 // Any doubts about the viability of capital offerings by reinsurers was erased with the announcement that Swiss Re had placed all of the shares it offered for sale, including all the shares provided to cover over-allotments,...
Nov 19 2001 // The man who held the master lease on the World Trade Center is standing by his claim that the loss of the Twin Towers on Sept. 11 was two losses, not one, despite the call by insurer Swiss Re that there was only one loss...
Nov 16 2001 // Swiss Re has claimed in a letter and an announcement that Larry Silverstein’s demand for an immediate cash payment for the loss of one of the World Trade Center Towers (See IJ Website Nov. 8) is equivalent to a...
Nov 12 2001 // A.M. Best Co. affirmed the “A++” FSR of Swiss Reinsurance Co., Zurich. The rating is based on Swiss Re’s superior financial strength, historically excellent overall earnings and solid leadership position...
Nov 12 2001 // The man who held the master lease on the World Trade Center is standing by his claim that the loss of the Twin Towers on Sept. 11 was two losses, not one, despite the call by insurer Swiss Re that there was only one loss...
Nov 8 2001 // Silverstein Properties responded to Swiss Re’s declaratory relief action on Wednesday with a renewed demand for payment in order to begin the reconstruction of the World Trade Center. Larry Silverstein strongly...
Nov 7 2001 // Swiss Re advanced its share of a $75-million initial payment to speed the process of paying its insurance claims from the World Trade Center terrorist attacks. According to Jacques Dubois, CEO and president of Swiss Re...
Nov 5 2001 // Major reinsurer Swiss Re released findings from its latest sigma study, “Profitability of the Non-Life Insurance Industry: It’s Back to Basics Time,” which showed that the slumping non-life insurance...
Oct 31 2001 // The latest in Swiss Re’s authoritative sigma studies examines the profitability of the non-life insurance market in the G7* countries and concludes that the industry needs to concentrate on improving underwriting...
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...