Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Places $294 Million French Windstorm Bonds
Jan 8 2008 // Swiss Re announced that it has successfully structured and placed €200 million ($294 million) of securities covering windstorm events in France. The deal forms part of a three-year reinsurance agreement between Swiss Re...
Swiss Re’s Westport Insurance Announces Two Mergers
Jan 8 2008 // Swiss Re’s Westport Insurance Corp. has announced a merger with Employers Reinsurance Corp. Both are U.S. domiciled corporations. Employers Reinsurance Corp. also maintains a Canadian Branch. In the merger, Employers...
Ratings Recap: Green Valley (Swiss Re), Aviva Canada, CSOB Pojistovna, Harbor Point Re, Hiscox
Dec 27 2007 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green...
Preliminary Swiss Re ‘sigma’ Report Estimates 2007 Cat Losses
Dec 19 2007 // Swiss Re has released a preliminary “sigma” report detailing the extent of 2007’s catastrophe losses. According to its initial estimates, more than 20,000 people were killed by natural and man-made...
Best Puts Swiss Re’s Ratings ‘Under Review/Negative’
Nov 21 2007 // A.M. Best Co. announced that it has placed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa” of Swiss Reinsurance Co. and its similarly-rated subsidiaries...
Ratings Recap: MMA, Shinkong, First Ins., Singapore Re, Swiss Re, W.R. Berkley (Europe)
Nov 21 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on France-based insurer MMA IARD Assurances Mutuelle (MMA IARD) to ‘A’ from...
Swiss Re Marks Down $1 Billion on Subprime Mortgage Devaluation
Nov 19 2007 // Even the world’s largest reinsurer isn’t immune to the subprime mortgage crisis. Swiss Re announced that “following completion of its October performance reporting,” it is now obliged to report a...
Swiss Re Q3 Net Off 5% to $1.28 Billion in ‘Turbulent Quarter’
Nov 6 2007 // Swiss Re’s third quarter earnings report revealed a five percent drop in net income to CHF 1.469 billion ($1.28 billion) compared to CHF 1.55 billion ($1.35 billion) in the third quarter of 2006. The results actually...
Best Affirms Swiss Re’s ‘A+’ Rating
Nov 6 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa” of Swiss Reinsurance Company (Swiss Re) and its rated subsidiaries. Best...
Swiss Re, Lockton Offer New Product to Kan. and Mo. Attorneys
Nov 6 2007 // Swiss Re’s Commercial Insurance and Lockton Risk Services, Inc., today announced the launch of a new product designed to protect the reputation and assets of law firms in Missouri and Kansas. The program, Lawyers...
Ratings Recap: Medical Ins. (Australia), Swiss Re Europe, Aseguradora Mundial
Nov 6 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable...
Swiss Re Appoints Singh as New Chief Risk Officer
Oct 26 2007 // Swiss Re announced that it has appointed Raj Singh as the Group’s new Chief Risk Officer. He will succeed Christian Mumenthaler who is taking over operational leadership of the global Life & Health Products...
‘Bancassurance is on the Rise’ Says Swiss Re Sigma Study
Oct 19 2007 // Swiss Re announced that “according to a recent sigma study, bancassurance is on the rise, particularly in emerging markets. Worldwide, insurers have been successfully leveraging bancassurance to gain a foothold in...
Swiss Re Opens U.S. Affiliate of Insurance Run-Off Firm
Oct 11 2007 // Insurance run-off specialst PRO Insurance Solutions Limited has formed a new U.S. affiliate, PRO Insurance Solutions, Inc., or PRO US. The company is a member of the Swiss Re Group and a subsidiary of Swiss Re America...
Swiss Re Launches Climate Program
Sep 27 2007 // Swiss Re announced the launch of its “Climate Adaptation Development Program” (CADP) at the Clinton Global Initiative 2007 meeting, which took place in New York on Sept.26-28. The Program is “designed to...
Swiss Re Donates $70,000 for Jamaica Water Cleanup
Sep 25 2007 // Swiss Re has recognized the Nature Conservancy for its commitment to sustainable watershed management in Jamaica. The reinsurer announced that as part of its International ReSource Award competition, it has given the...
Swiss Re Economist Comments on Fed Rate Cut
Sep 19 2007 // Swiss Re’s Chief US economist, Kurt Karl, issued a comment following the decision by the Federal Reserve to lower the target fed funds rate 50 basis points to 4.75 percent. He described the move as a “strong...
Swiss Re Reiterates Commitment to Bottom Line
Sep 11 2007 // Swiss Re said it “will continue to remain focused on economic profit growth, at the expense of premium volume, if necessary,” adding that the world’s largest reinsurer “is well positioned for the...
S&P Rates Swiss Re Europe ‘AA-‘
Sep 11 2007 // Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and insurer financial strength ratings to Luxembourg-based composite reinsurer Swiss Re Europe S.A. with a stable...
Swiss Re Backs African Weather Derivative Drought Coverage
Sep 7 2007 // Swiss Re, in conjunction with the Earth Institute at Columbia University and the Millennium Promise Alliance, have developed a new system of weather derivative contracts, providing protecting to several villages in Kenya,...