Latest Swiss Re Headlines

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

Zego, Supported by Swiss Re, Teams Up with bp to Insure Electric Vehicles in London

Jul 19 2021 // Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide professional insurance for bp’s electric vehicle trial in London, called “bp EV...

Milliman Offering Insurers a Simplified Flood Insurance Product Developed by Swiss Re

Jul 15 2021 // Milliman Appleseed, the new advisory and rating organization of actuarial firm Milliman, is offering insurers a simplified product developed by Swiss Re that makes it easier for insurers to enter the flood insurance...

People Moves: Swiss Re’s Render to Peak Re; Aon’s Denbigh to TigerRisk’s Retro Unit; Price Forbes’ Fox to Oneglobal

Jun 29 2021 // The following international People Moves provides details of appointments at reinsurer Peak Re and two brokers, TigerRisk and Oneglobal.A summary of these new hires follows here. Peak Reinsurance Co. AG, the wholly owned...

Swiss Re’s iptiQ and German Real Estate Platform Launch Digital Loss-of-Rent Cover

Jun 29 2021 // Swiss Re’s iptiQ and ImmoScout24, Germany’s leading online real estate platform, are launching a loss-of-rent insurance product, which provides private landlords with protection against the financial...

Swiss Re Sells Half Its Stake in Phoenix Group for $608 Million

Jun 23 2021 // Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million).After the sale, which is expected to close on June 25, Swiss Re will still retain another 6.6% stake in Phoenix,...

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...