Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Forecasts Increasing Demand for Natural Catastrophe Coverage
Dec 29 2009 // Swiss Re has concluded that, despite the unusually quiet 2009 hurricane season, “overall natural catastrophe losses have increased significantly over time and are expected to grow further. “The premium for our...
Economies Slowly Recovering; Climate Change Negotiators Still Talking
Dec 20 2009 // Swiss Re’s recent Economic Forum at the reinsurer’s iconic London headquarters presented a far more encouraging picture of the world’s financial condition than a year ago. Thomas Hess, Swiss Re’s...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Best Affirms Swiss Re and Subs ‘A’ Ratings; Outlook Stable
Dec 15 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Swiss Reinsurance Company Ltd. and its subsidiaries. Best also affirmed...
Swiss Re Obtains $150 Million Backup for Hurricanes, Quakes and Windstorms
Dec 3 2009 // Swiss Re announced that it has entered into a transaction with Successor X Ltd. a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million of...
Swiss Re Economists See Gradual Recovery; Regulation Concerns
Dec 1 2009 // Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be...
Swiss Re Q3 Profit Tops Forecasts; Capital Strengthened
Nov 3 2009 // Swiss Re strengthened its capital in the third quarter, it reported on Tuesday, boosting its chances of repaying a costly convertible loan from Warren Buffett as it beat operating profit forecasts in its core...
Private Equity Fund Aquiline Acquires Consultant Conning from Swiss Re
Oct 14 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, has acquired insurance consulting and asset management provider Conning & Co. from Swiss Reinsurance Co. Ltd. Conning & Co....
Swiss Re Receives Retakaful License for Malaysia
Oct 8 2009 // Swiss Re has received a composite license from Bank Negara Malaysia to write Retakaful business, and has opened a dedicated Retakaful operation in Malaysia’s capital, Kuala Lumpur. Swiss Re said the composite license...
Ratings Recap: Accident & General, Inbursa, Swiss Re Frankona
Sep 29 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Accident & General Insurance Company Ltd. (AGI) of the Cayman...
Ratings Recap: Fairfax (debt), Swiss Re (notes), Rembrandt,
Sep 23 2009 // Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB-‘ senior unsecured debt, ‘BB+’ subordinated unsecured debt, and ‘BB’ preferred shares ratings on Fairfax...
Swiss Re Cites Report on Developing Countries Climate Change Costs
Sep 15 2009 // A report, published on Swiss Re’s web site from the Economics of Climate Adaptation Working Group, indicates that climate risks could cost nations up to 19 percent of their GDP by 2030, with developing countries most...
Swiss Re Issues New <em>sigma</em> Report on Insurance-linked Securities
Sep 10 2009 // According to Swiss Re’s new sigma study, “the role of indices in transferring insurance risks to the capital markets”, both (re)insurers and investors benefit when clearly defined and regularly updated...
Swiss Re Calls for Public/Private Coordination to Tackle Nat Cat Costs
Aug 28 2009 // Swiss Re is intensifying its efforts to urge governments to take a “more joined-up approach to managing risk.” At a recent conference in Helsinki, Swiss Re, through its Nordic Risk & Insurance Summit...
AmTrust to Buy Workers’ Compensation Unit CyberComp from Swiss Re
Aug 27 2009 // New York-based AmTrust Financial Services, Inc. has agreed to acquire CyberComp, the workers’ compensation business unit of Swiss Re, in a renewal rights transaction. Serving the workers’ compensation needs of...
Swiss Re’s Q2 Net Loss Surprises Analysts But P/C Insurance Profitable
Aug 5 2009 // Swiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitized products and its own credit spreads ate up operating returns. Zurich-based Swiss Re said it made a net loss...
S&P Affirms/Withdraws Some Swiss Re Operating Company Ratings
Jul 15 2009 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on various operating companies belonging to global reinsurer Swiss...
Ratings: Everest Re (Ireland), Bosna Re, Peace Hills, Farmers (NZ), Swiss Re (debt), Optimum
Jun 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Everest Reinsurance Co. (Ireland) Ltd. S&P also said the outlook on Everest Re...
Aquiline to Buy Conning & Co. from Swiss Re
Jun 16 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, said Tuesday it agreed to buy insurance services provider Conning & Co. from Swiss Reinsurance Co. Ltd. Terms of the deal were not...
Swiss Re Enters Lead Umbrella Market in U.S.
Jun 9 2009 // Swiss Re reported it is now offering lead umbrella insurance coverage to retail brokers and risk managers in the United States. The umbrella coverage from Swiss Re’s Industrial Risk Insurer (IRI) is available on an...
