Swiss Re News

Swiss Re’s New SONAR Report Identifies Top Emerging Risks

De-globalization and political conflict, large natural catastrophes, financial repression and the challenge posed by the “Internet of Things” are some of the risks identified in this year’s “New emerging risk insights” report published by Swiss Re. The publication is based …

Catastrophe Bonds Risk Subprime Slice-Up, Swiss Re Says

Swiss Re, Europe’s second-biggest reinsurer, said regulators should prevent catastrophe bonds from being repackaged like subprime mortgages. “It’s important for traditional players like us and regulators that we make sure we don’t get into a situation where you start having …

Swiss Re Corporate Solutions & IBM Offer Protection Against Cyber Attacks

Swiss Re Corporate Solutions joins forces with IBM Security to provide advanced cyber risk protection products and services to companies worldwide, aiming to help businesses defend themselves against increasingly sophisticated cyber attacks. The IBM-Swiss Re Corporate Solutions agreement combines IBM’s …

A.M. Best: European Reinsurers Report Strong Results, Growth Limited

Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting results due to the absence of sizable natural catastrophes and ongoing reserve releases. Nevertheless, reinsurers face challenges as soft market …

Allianz Estimates $300 Million in Claims for Germanwings Crash, Sources Say

Germany’s Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The figure gives a preliminary orientation to …

Swiss Re Plans $1.1 Billion Share Buyback; Q4 Net Income Hit

Swiss Re AG, swimming in excess capital after several years of lower-than-expected disaster claims, plans to shift to share buybacks to return cash to investors after three years of paying a special dividend. The world’s second-biggest reinsurer announced plans on …

Swiss Re CEO Says Infrastructure Investment, Insurers Good Match

Swiss Re AG Chief Executive Officer Michel Lies called for the creation of a special infrastructure asset class to allow insurers to invest in projects such as roads and bridges. “If you take all the insurance industry, all the money …

Swiss Re Economists Forecast ‘Modest’ Global Growth

Swiss Re’s Chief economist, Kurt Karl and his colleague, Senior Economist Roman Lechner, presented a somewhat cautious scenario for the global economy over the next two years. As detailed in Swiss Re’s “Global insurance review 2014 and outlook 2015/16,” the …

Swiss Re Net Income Rises 14%, Supported by Lower Catastrophe Losses

Swiss Re AG, the world’s second- biggest reinsurer, said third-quarter profit rose 14 percent, beating analysts’ estimates, following lower-than-expected losses from natural catastrophes. Net income rose to $1.23 billion from $1.07 billion in the year-earlier period, beating the $928.6 million average …

Africa Provides Insurers With New Business Opportunities

Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog Investments. “We’re at an immense inflection point in history where millions of people …