Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re’s Admin Re to Acquire HSBC’s UK Pension & Annuity Policies
Jun 12 2014 // Swiss Re’s Admin Re unit has agreed to acquire individual and group pension and related annuity policies from HSBC Life (UK) Limited. Swiss Re said the transaction is scheduled to close in the second half of...
Swiss Re Affirms Priority of Risk Management; Updates Procedures
Jun 5 2014 // 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...
Swiss Re Names Summerville Managing Director for Financial, Professional Services
May 19 2014 // Swiss Re Corporate Solutions has appointed Jeff Summerville to be head of Financial and Professional Services in North America. In this managing director role, he will lead underwriting teams for corresponding lines of...
How Technology Is Revolutionizing Insurance Distribution: Swiss Re
May 15 2014 // Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. The study concludes...
Swiss Re CFO Warns Cat Bond Yields May Attract Inexperienced Buyers
May 9 2014 // Swiss Re’s new Chief Financial Officer, David Cole, said high yields for insurance-linked securities [ILS], such as catastrophe bonds, may lure inexperienced buyers not prepared for the risks they carry. “The...
Weakness in Pricing Lowers Reinsurers’ Q1 2014 Profits
May 7 2014 // Swiss Re and Hannover Re, the world’s no. 2 and 3 reinsurers, said they saw lower prices in natural disaster reinsurance and April renewals, as they beat profit expectations in the first quarter. Fewer serious...
Swiss Re Posts $1.226 Billion Q1 Net Income
May 7 2014 // Swiss Re reported group net income of $1.226 billion for the first quarter of 2014, compared to $1.38 billion in the first quarter of 2013. The bulletin noted that the 11 percent drop should be seen in light of the...
Italy, France Threaten European Growth: Swiss Re Economist Kurt Karl
Apr 1 2014 // The lack of structural measures in large economies including France and Italy present the biggest threat to growth in the euro area, Swiss Re Ltd.’s Chief Economist Kurt Karl said. The region’s economy will...
Eraud Appointed General Director Swiss Re – France
Mar 31 2014 // Swiss Re announced the appointment of Walter Eraud as General Director Swiss Re, France. He joined Swiss Re in July 2010 and currently works as Head of Client Management in Swiss Re’s Paris office. Eraud covers the...
308 Disaster Events; $140 Billion Economic Losses in 2013: Swiss Re Report
Mar 26 2014 // Swiss Re’s latest sigma report highlights the 308 disaster events in 2013, of which 150 were natural catastrophes and 158 man-made. Almost 26 000 people lost their lives or went missing in the disasters. The biggest...
Swiss Re to Comply with ‘Excessive Compensation’ Rule; Sets Special Dividend
Mar 18 2014 // Swiss Re announced that its upcoming Annual General Meeting (AGM) on 11 April 2014, will include proposals from the Board of Directors to pay its ordinary dividend of CHF 3.85 [$4.40] per share and an additional special...
Swiss Re Denies Discussions with Agnelli Family or its Investment Vehicles
Mar 12 2014 // Swiss Re has issued a short statement, that “contrary to market speculation,” it is “not in discussion with the Agnelli family or any of its investment vehicles regarding the possible acquisition of a...
Effort to Put House in Order Paying Off: Meadowbrook Insurance CEO
Mar 10 2014 // Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are...
Effort to Put House in Order Paying Off: Meadowbrook Insurance CEO
Feb 26 2014 // Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are...
Swiss Re’s CFO Quinn Sees No Rebound in 2014 Reinsurance Rates
Feb 21 2014 // Reinsurance rates, particularly for natural catastrophe coverage, probably won’t increase this year, said Swiss Re Ltd.’s chief financial officer. Prices will only begin to rise again when there is some...
Swiss Re Posts $4.4 Billion Profit for 2013; Plans Special Dividend
Feb 20 2014 // Swiss Re posted net income of $4.4 billion for 2013. The earnings report said the “result was driven by sustained, high profitability in Property and Casualty Reinsurance and very good performances by Corporate...
Best Affirms Swiss Re, Europe Affiliates ‘A+’ Ratings; Outlook Stable
Jan 31 2014 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Swiss Reinsurance Company Ltd, European...
Fastest Growing E&S Carriers in Top 30 Revealed: Fitch Report
Jan 27 2014 // In a year-end report on the U.S. excess and surplus lines market, data compiled by Fitch Ratings revealed that the top growing E&S writers in recent years were not necessarily the biggest. The report, published in...
Missouri Certifies 2 Swiss Reinsurers
Jan 21 2014 // The Missouri Department of Insurance has approved two Switzerland-based reinsurers, Swiss Reinsurance Co. Ltd. and Swiss Re Corporate Solutions Ltd., as certified reinsurers in Missouri. The Swiss reinsurers are...
