Latest Swiss Re Headlines

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

COVID Crisis Cuts Global Macro Resilience, Raises Insurance Protection Gap: Swiss Re

Jun 16 2021 // The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. At the same time, the...

Failure of Many ‘Zombie’ Companies Likely to Keep Insurance Rates Rising: Swiss Re

Jun 8 2021 // The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely...

Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns

May 21 2021 // Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses and insurers underestimate that escalating risk, according to one of the...

Swiss Re Scores Profit Despite COVID Death Claims, Catastrophe Losses

May 3 2021 // Swiss Re reported consolidated net income of USD 333 million in the first quarter of 2021, despite heightened losses in its life and health reinsurance business related to COVID and property and casualty reinsurance losses...

Climate Change Could Cut Global GDP by 18% by 2050 – If Nothing Is Done: Swiss Re

Apr 22 2021 // If nothing is done to combat climate change, global temperatures could rise by 3.2°C within the next 30 years, shrinking the world economy by 18%, according to new research from Swiss Re, which was rolled out on Earth...

Guy Carpenter Names Co-Heads of Cyber, Hiring Swiss Re’s Cordonnier, Promoting Davis

Apr 19 2021 // Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the appointment of Anthony Cordonnier as managing director and global co-head of Cyber, effective the second half of 2021, and the...

Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re

Apr 5 2021 // Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to a report from Swiss Re’s sigma.Of that total, US$81 billion related to claims...

Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re

Mar 30 2021 // Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to a report from Swiss Re’s sigma.Of that total, US$81 billion related to claims...

Swiss Re Corporate Solutions, Coalition Sign Multiyear Cyber Coverage Agreement

Mar 18 2021 // Swiss Re Corporate Solutions and Coalition, a provider of cyber insurance and security, have signed a multiyear agreement to provide broad cyber insurance and technology errors & omissions insurance to small and...

Swiss Re Announces Net-Zero Climate Targets in Underwriting, Investments

Mar 16 2021 // Swiss Re announced new measures to support the transition to a net-zero economy by 2050, which encompass re/insurance underwriting, asset management and its own operations.“Climate change remains the biggest...

Swiss Re Corporate Solutions to Change Legal Structure for North America

Mar 9 2021 // Swiss Re Corporate Solutions announced a plan to streamline the legal entity structure of its North American business.The changes include establishing Swiss Re Corporate Solutions America Insurance Corp. as its North...

Swiss Re Forms Strategic Partnership with Satellite Operator and Flood Monitor, ICEYE

Mar 8 2021 // Swiss Re has entered into a strategic partnership with ICEYE, a commercial satellite operator and satellite-based flood monitoring provider.Building on ICEYE’s innovative technology, the partnership will advance...

Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million

Feb 19 2021 // Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects a return to profit in...

Swiss Re Corporate Solutions Appoints Neon’s Dougall as Global Head Casualty

Feb 17 2021 // Swiss Re Corporate Solutions has appointed Andrew Dougall as global head casualty, effective Feb. 22, 2021. In this leadership role, Dougall will be responsible for driving the success and overall profitability of the...

Swiss Re Corporate Solutions Names Slack as Head UK, Ireland, S. Africa & EMEA Wholesale

Feb 1 2021 // Swiss Re Corporate Solutions appoints Melanie Slack as head UK, Ireland, South Africa & EMEA Wholesale, effective May 1, 2021. She will be responsible for managing the strategy, development and performance of the...

Global Natural and Manmade Disasters Cost Insurers US$83B in 2020: Swiss Re

Dec 16 2020 // Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according to the Swiss Re...

Swiss Re Corporate Solutions Authorized in S. Africa to Write Direct Insurance

Dec 15 2020 // Swiss Re Corporate Solutions announced it has received a direct insurance authorization from the South African joint regulators Prudential Authority and Financial Sector Conduct Authority.Located in Johannesburg and fully...

Germany’s Getsafe Raises $30M from Swiss Re and Others; Eyes Becoming Full Carrier

Dec 9 2020 // Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said the money will help build its market dominance among millennials in its home country and...

Brokerslink, Swiss Re Collaborate on Int’l Program Administration Platform

Nov 25 2020 // Global broking business Brokerslink has launched a dedicated international insurance programme management platform to drive the continued growth and digitalization of its international portfolio across the...

Swiss Re Corporate Solutions Hires Allianz’ Baacke as Head of Risk Engineering Services

Nov 24 2020 // Swiss Re Corporate Solutions appoints Tina Baacke as global head Risk Engineering Services, effective Jan. 1, 2021.In this role, Baacke will be responsible for leading a global team of experts that provides ri sk...