Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Profits Up Despite Losses from California Wildfires
May 16 2025 // Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance across the business. Net income increased to $1.3 billion from $1.1 billion a year earlier,...
People Moves: AIG Taps Colombo From Swiss Re as CEO, Latin America and Caribbean; Willis Names Former Allianz Exec Vosloh as Head of Cyber for EMEA
May 15 2025 // This edition of International People Moves details appointments at American International Group and Willis. A summary of these new hires follows here. AIG Taps Colombo From Swiss Re as CEO, Latin America and...
Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million
Mar 19 2025 // Swiss Re is selling its entire 10.05% stake in Definity Financial, the Canadian property/casualty insurer, for C$655 million ($458.1 million) — a decision the reinsurer made after a review of its investment...
Swiss Re Corporate Solutions Unveils New Structure, Promotes McGrath as CUO
Feb 27 2025 // Swiss Re’s commercial insurance arm, Swiss Re Corporate Solutions, has unveiled a new organizational structure, aiming to serve corporates and brokers more closely at the country level with the introduction of market...
Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires
Feb 27 2025 // Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the...
Aon, Floodbase, Swiss Re Team on Parametric Storm Surge Solution for US Hurricane
Feb 5 2025 // Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related storm surge along the coast of the U.S. Developed with parametric flood insurance...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Dec 20 2024 // Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to...
Swiss Re Among Firms in $3 Billion Credit-Risk Deal for International Finance Corp.
Dec 18 2024 // Swiss Re AG, Tokio Marine Holdings Inc., AXIS Capital Holdings Ltd. and AXA SA are among providers of $3 billion in credit-risk insurance for the private-sector arm of the World Bank Group, as it seeks to expand its...
Swiss Re Targets Net Income of More Than US$4.4 billion for 2025
Dec 13 2024 // Swiss Re is targeting a net income of more than US$4.4 billion for 2025 and aims to grow the ordinary dividend per share by 7% or more per year over the next three years while maintaining its multi-year IFRS ROE target of...
Quantifying Social Inflation: How Swiss Re Developed an Index
Dec 11 2024 // Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a social inflation index....
Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re
Dec 6 2024 // Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive year — and are even likely to hit US$135 billion-plus, according to Swiss Re...
Swiss Re Execs Sleeping Well After $2.4 Billion Q3 Reserve Boost
Nov 15 2024 // While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re’s executives sleep better on a bigger cushion, across the industry, worsening trends in U.S. liability loss costs aren’t...
Swiss Re Cuts 2024 Profit Target After Raising US Reserves
Nov 7 2024 // Swiss Re AG said it was raising reserves in its US Property & Casualty business by $2.4 billion in the third quarter, a move analysts said was positive despite a resulting downgrade to full-year profit...
Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct
Nov 5 2024 // Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct, the pan-European online insurer of Allianz Group, will take...
People Moves: AXA XL Re Taps Swiss Re’s Schiffer as CEO, N. America, Reinsurance; Specialist Risk Group Names Marsh McLennan’s Yap as CEO of APAC
Oct 18 2024 // This edition of International People Moves details appointments at AXA XL Reinsurance and Specialist Risk Group. A summary of these new hires follows here. AXA XL Re Taps Swiss Re’s Schiffer as CEO, North America,...
Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers
Aug 30 2024 // Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best. Among the largest IFRS 17 reporting...
Swiss Re First-Half Profit Beats Estimates on Lower Catastrophe Claims
Aug 22 2024 // Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted the broader insurance industry. Profit for the second quarter was $996 million,...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re
Aug 5 2024 // Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025, as general inflation and claims inflation conditions soften, according to Swiss Re in a report, which...
Insurance Broker Miller Acquires Swiss Reinsurance Capital Advisory Business
Aug 1 2024 // Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details were not disclosed. As its third Continental...
People Moves: Malmström Named Swiss Re’s Group CFO as Dacey Retires; MNK Re Appoints Industry Veteran Ashby as Global Chief Commercial Officer
Jul 31 2024 // This edition of International People Moves details appointments at Swiss Re and MNK Re. A summary of these new hires follows here. Malmström Named Swiss Re’s Group CFO as Dacey Retires Swiss Re announced that Anders...
