Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
S&P Revises Outlooks for Munich Re, Swiss Re While Affirming AA- Ratings
Aug 18 2023 // S&P Global Ratings has revised its outlooks for Munich Re and Swiss Re, affirming both reinsurers’ “AA-” issuer credit and financial strength ratings. Munich Re’s outlook was revised to positive...
Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re
Aug 9 2023 // Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, according to Swiss Re. “Severe convective storms –...
Swiss Re H1 Net Income Surges to $1.4B on Lower Natural Catastrophe Losses
Aug 4 2023 // Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by contained natural catastrophe losses and a rebound in its life and health business to pre-pandemic levels. Net...
People Moves: Lockton Taps Swiss Re’s Wright to Lead UK Commercial Wholesale, Succeeding Lee; MS Amlin Names Ross From Sedgwick as Product Recall Senior U/W
Jul 31 2023 // This edition of International People Moves details appointments at Lockton and MS Amlin. A summary of these new hires follows here. Lockton Taps Swiss Re’s Wright to Lead UK Commercial Wholesale, Succeeding...
Reinsurance Execs From Convex, Swiss Re Set Pacific Record in World’s Toughest Row
Jul 24 2023 // Reinsurance executives from Convex Group Ltd. and Swiss Re completed The World’s Toughest Row, a race from California to Hawaii, breaking a world record as the fastest mixed-gender crew in history to complete the...
Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re
Jul 17 2023 // Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to the opening of previously frozen waterways in the Arctic and the creation of new shipping and trade...
Swiss Re Nominates New Permanent Chairman to Succeed Ermotti
Jul 12 2023 // The insurer Swiss Re said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the role of permanent chairman of the board after his predecessor Sergio Ermotti resigned to lead UBS. The...
People Moves: Swiss Re Taps AGCS’s Shahkarami as Head P&C Solutions; BMS Re Hires 3 for Fac Team; QBE Canada Hires Liberty Mutual’s Mason as U/W Mgr, Property
Jul 7 2023 // This edition of International People Moves details appointments at Swiss Re, BMS Re, and QBE Canada. A summary of these new hires follows here. Swiss Re Taps AGCS’s Shahkarami as Head P&C Solutions Swiss Re has...
Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re
Jun 28 2023 // Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to the opening of previously frozen waterways in the Arctic and the creation of new shipping and trade...
Swiss Re Becomes Fourth Insurer to Leave Net Zero Group
May 23 2023 // Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry’s biggest companies. The world’s second-largest reinsurer is now...
People Moves: Gallagher Re Names Kerton as CEO for UK Region, Succeeding Wakefield; Swiss Re Corporate Solutions Promotes Hall for UK, Ireland, S. Africa, EMEA Wholesale
May 15 2023 // This edition of International People Moves details appointments at Gallagher Re and Swiss Re Corporate Solutions. A summary of these two promotions follows here. Gallagher Re announced the appointment of Ian Kerton to the...
People Moves: Coalition Hires Coletti From Swiss Re to Be Head of Cyber Underwriting
May 9 2023 // John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired by Coalition as it head of cyber underwriting. At Swiss Re, Coletti was the head of global cyber,...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re
May 9 2023 // While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much calmer affair, according to Swiss Re. “Overall,...
Swiss Re Returns to Q1 Profit, Driven by Adequate Pricing, Higher Investment Results
May 4 2023 // Swiss Re swung back to a first quarter profit, reporting net income of $643 million, compared with a loss of $248 million for the prior-year period. “Profitability improved in all our main businesses, supported by...
Markets/Coverages: Swiss Re, Insurtech Benekiva Partner to Offer L&H Claims Solution
Apr 28 2023 // Swiss Re Reinsurance Solutions has formed a strategic partnership with Benekiva to offer an end-to-end digital claims management solution. The solution combines Benekiva’s state-of-the-art claims administration...
Ermotti Steps Down as Swiss Re Chair on April 30 When de Vaucleroy Takes Interim Role
Apr 27 2023 // Swiss Re announced that Sergio P. Ermotti is stepping down as chairman of the Board of Directors on April 30, 2023, after completing the agreed handover period, to fully focus on his new role at UBS, which was announced in...
People Moves: Everest Names Mulray President of North America Insurance; Swiss Re Names Aon’s Quiroga Arias as Head Risk Consulting & Analytics
Apr 18 2023 // Everest Names Mulray President of North America Insurance Everest Re Group Ltd., the Bermuda-based property/casualty, and specialty re/insurer, announced the appointment of Mike Mulray as executive vice president and...
People Moves: Strong Named N2G CEO; Butera to Head Swiss Re FinPro Lines, Casualty North America; Ascot Hires Totolos as Captive Solutions Leader
Apr 12 2023 // Strong Named New N2G CEO N2G Worldwide Insurance Services, LLC has named Kevin M. Strong its new chief executive officer. Strong replaces retiring N2G CEO Bill Skapof, who has led the company since 2020. Strong has more...
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
Mar 30 2023 // A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she wants to retrain as a...
Ermotti to Step Down as Swiss Re Chair to Take UBS Role; Interim Chair Named
Mar 29 2023 // Sergio P. Ermotti is stepping down as the chairman of Swiss Re, following his appointment as the new CEO of UBS. Swiss Re’s Board of Directors will immediately start the search to find a successor. In the interim,...
