Swiss Re News

Competitive Pressures Mount for Reinsurers

Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not be enough to save those that lack either global reach or specialized focus. Medium-sized, “me-too” reinsurers are ripe for consolidation, …

Swiss Re Eyes Specialty Lines to Counter Reinsurance Slump

Swiss Re Ltd., the world’s No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest rates and fewer natural disasters undercut prices. “The super profits from nat cat are probably over …

U.S., Rockefeller $100M Fund Promotes Natural Disaster Mitigation, Insurance for Poor

The U.S. Agency for International Development and the Rockefeller Foundation are starting a $100 million project to prepare vulnerable communities for climate- caused humanitarian disasters before they happen. The initiative, which will start in Africa’s Sahel region and was announced …

Swiss Re Q2 Profit $802 Million; but Misses Estimates on Drop at Life Unit

Swiss Re Ltd., the world’s second- biggest reinsurer, reported second-quarter profit that missed analysts estimates, as earnings from life and health insurance declined. Net income increased to $802 million from $786 million a year earlier, the Zurich-based reinsurer said in …

Swiss Re’s New SONAR Report Investigates 26 Emerging Risks

Swiss Re has released a report -”New emerging risk insights,” which is based on the reinsurer’s SONAR process, described as a “unique tool which uses Swiss Re’s internal risk management expertise to observe and evaluate new and emerging risks. It …

Swiss Re Agrees to Purchase RSA’s Sun Alliance in China

Swiss Re, the world’s second – largest reinsurer, agreed to buy a Chinese unit of RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects.   The Zurich-based company is buying Sun Alliance Insurance (China) …

New Ohio Drilling Policy May Be Good for Oil & Gas, Insurance Industries

Ohio in mid-April 2014 enacted stricter regulations for oil and gas drilling near faults or areas of past seismic activity, a move that some, including insurers, may view as a step in the right direction. The Ohio Department of Natural …

If Fracking Is the Question, Insurers May Ask – What Is the Answer?

When it comes to the use of evolving technologies such as hydraulic fracturing, or fracking, in oil and gas production one big question insurance companies are faced with is: to insure or not to insure? That is a key question …

Top Loss Leaders in the Oil Patch? Commercial Auto, Workers’ Comp

There’s no doubt that new advancements in the practice of hydraulic fracturing, or fracking, are driving the current production boom in the oil patch. The technique, which is used to retrieve oil and gas reservoirs that previously were inaccessible via …

Swiss Re Affirms Priority of Risk Management; Updates Procedures

Swiss Re has published a report on the updates it has made in its Corporate Responsibility and Risk Framework applications. “Risk management is at the core what Swiss Re does and as a result, the company updated one of the …