Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Completes Lincoln Re Acquisition
Dec 10 2001 // Swiss Re Life & Health America Inc., the U.S. unit of Swiss Re Group, announced that its has completed the acquisition of Lincoln National’s reinsurance operations, Lincoln Re, for the announced price of $2...
Swiss Re Applauds House Action
Dec 4 2001 // Swiss Re welcomed action taken last week by the House of Representatives in moving the legislative process forward to provide a federal backstop for future terrorism risk. Jacques Dubois, CEO and President of Swiss Re...
Swiss Re to Host Economic and Insurance Industry Forum
Nov 29 2001 // Swiss Re announced that its annual conference, “Year-end Economic and Insurance Industry review of 2001 and Outlook for 2002,” will be held at its New York Offices at 55 E. 52nd Street next Tuesday December 4,...
Swiss Re Raises $3.62 Billion from Share, Bond Offering
Nov 20 2001 // Any doubts about the viability of capital offerings by reinsurers was erased with the announcement that Swiss Re had placed all of the shares it offered for sale, including all the shares provided to cover over-allotments,...
Silverstein Claims Pair of Losses in WTC Disaster
Nov 19 2001 // The man who held the master lease on the World Trade Center is standing by his claim that the loss of the Twin Towers on Sept. 11 was two losses, not one, despite the call by insurer Swiss Re that there was only one loss...
WTC Cash Demand Widens Swiss Re-Silverstein Dispute
Nov 16 2001 // Swiss Re has claimed in a letter and an announcement that Larry Silverstein’s demand for an immediate cash payment for the loss of one of the World Trade Center Towers (See IJ Website Nov. 8) is equivalent to a...
Swiss Re Affirmed
Nov 12 2001 // A.M. Best Co. affirmed the “A++” FSR of Swiss Reinsurance Co., Zurich. The rating is based on Swiss Re’s superior financial strength, historically excellent overall earnings and solid leadership position...
Silverstein Claims Pair of Losses in WTC Disaster
Nov 12 2001 // The man who held the master lease on the World Trade Center is standing by his claim that the loss of the Twin Towers on Sept. 11 was two losses, not one, despite the call by insurer Swiss Re that there was only one loss...
Silverstein Responds to Swiss Re with WTC Payment Demand
Nov 8 2001 // Silverstein Properties responded to Swiss Re’s declaratory relief action on Wednesday with a renewed demand for payment in order to begin the reconstruction of the World Trade Center. Larry Silverstein strongly...
Swiss Re Advances World Trade Center Payment
Nov 7 2001 // Swiss Re advanced its share of a $75-million initial payment to speed the process of paying its insurance claims from the World Trade Center terrorist attacks. According to Jacques Dubois, CEO and president of Swiss Re...
Swiss Re Says Profitability Requires Improved Underwriting Results
Nov 5 2001 // Major reinsurer Swiss Re released findings from its latest sigma study, “Profitability of the Non-Life Insurance Industry: It’s Back to Basics Time,” which showed that the slumping non-life insurance...
Swiss Re Study Says It’s Back-to-Basics Time for Non-Life Insurers
Oct 31 2001 // The latest in Swiss Re’s authoritative sigma studies examines the profitability of the non-life insurance market in the G7* countries and concludes that the industry needs to concentrate on improving underwriting...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
Swiss Re Seeks Declaration on WTC Claim(s), Will Advance Payments
Oct 23 2001 // Swiss Re, which faces one of the largest loss exposures from the destruction of the World Trade Center, an estimated $1.25 billion, made a commitment to an advance payment of the claims, but at the same time asked the U.S....
Swiss Re New Markets, Mirant Offer Generator Forced Outage Product
Oct 15 2001 // Swiss Re New Markets Corp. announced that it has entered into a cooperation agreement with Mirant to provide generator forced outage insurance (GFOI). The cooperation will focus on investor-owned utilities, municipals...
Swiss Re Conference Highlights Business Opportunity and Obligation on Environment
Oct 12 2001 // The opening session of Swiss Re’s Conference on the reduction of greenhouse gas emissions heard remarks from Maurice Strong, Sr. advisor to UN Secretary General Kofi Annan, that stressed the importance of...
Swiss Re Opens Conference on Greenhouse
Oct 11 2001 // Swiss Re’s forum on the potential impact of “greenhouse gas emissions” on global business opens today with a news conference at 12:30 p.m. CET at its Centre for Global Dialogue in Ruschlikon,...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
Swiss Re to Host Conference on Reducing Greenhouse Gas Emissions
Sep 26 2001 // Swiss Re’s Center for Global Dialogue in Ruschlikon, Switzerland will be the setting for a conference on October 11 & 12 aimed at exploring ways for businesses to reduce greenhouse gas emissions and finding...
Insurance Stocks Suffer Following Disaster
Sep 24 2001 // The disasters had an immediate and devastating effect on international trading. Reuters reported that the DJ Stoxx insurance index reportedly fell to a three-year low, following a 13 percent drop the previous day. In...
