Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re, Munich Re Raise Catastrophe Loss Estimates
Sep 21 2001 // The world’s two largest reinsurance companies, Swiss Re and Munich Re, have practically doubled their estimates of potential losses and have lowered their earnings forecasts as a result of the terrorist attacks in...
Stock Market Decline May Lead Swiss Re to Reconsider Share Sale
Sep 11 2001 // The sharp,drop in world stock markets may giving Swiss Re second thoughts about its plan to issue up to $2.6 billion worth of additional shares to fund its purchase of Lincoln National’s reinsurance...
Swiss Re Net Falls in 1st Half, Despite Strong Growth
Sep 7 2001 // The exceptional investment gains it achieved last year, over $2 billion, had a negative impact on Swiss Re’s 1st half results this year, as it reported an overall decrease of $975 million. Pre-tax operating income,...
Swiss Re Unit Expands San Francisco Branch Office
Sep 5 2001 // Fox-Pitt, Kelton Inc., a unit of reinsurer Swiss Re, is expanding its San Francisco branch office to include a team of investment bankers that will focus on mergers and acquisitions and capital-raising for financial...
Swiss Re Study Sees Strong Growth in Asia
Aug 29 2001 // The latest “sigma” report from Swiss Re, “Insurance markets in Asia: sanguine outlook despite short-term uncertainties,” outlines current and future trends in Asia’s $600 billion insurance...
Swiss Re, Gerling To Combine Global Credit Insurance Units
Aug 22 2001 // Swiss Re will transfer its 90 percent ownership interest in Holland’s NCM Group to Germany’s Gerling Credit, which will combine the two companies as Gerling NCM Credit and Finance AG. It will have approximately...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 17 2001 // A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and removed its negative outlook. This negative outlook was affirmed on June 28, 2001to reflect A.M. Best’s concerns over the...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 17 2001 // PMA Re announced that it has become the newest member of the International Insurance Council (IIC), a Washington D.C.-based association active in promoting increased trade and investment relations around the...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 16 2001 // Mexico City daily el Economista reported that the robbery of insured cars declined by 7.5 percent at the national level during the first seven months of 2001, compared to the same period in 2000. Car thefts declined to...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 15 2001 // QBE Reinsurance Corporation announced that its parent, QBE Insurance Group Limited, had made an additional capital contribution of $50 million. The contribution increases the policyholders’ surplus of QBE Reinsurance...
Swiss Re Names Blaser CFO of Americas Division
Aug 14 2001 // Swiss Re appointed Mitchell E. Blaser CFO of its Americas division, the company’s non-life reinsurance business unit for all of the Americas, headquartered in Armonk, N.Y. Blaser also is a member of the Americas...
Swiss Re to Acquire and Lincoln National Reinsurance Operation
Aug 1 2001 // Lincoln National Corporation today announced that Swiss Re will acquire Lincoln’s reinsurance operation, Lincoln Re, headquartered in Fort Wayne, Indiana, for $2 billion. Swiss Re will integrate Lincoln’s...
Swiss Re, Tokio Marine Conclude $450 Million
Jul 13 2001 // Tokio Marine & Fire Ins. Co, Japan’s largest p/c insurer, and global giant Swiss Re announced that they “have arranged a USD 450 million cat risk swap to cover losses from three natural perils.” The...
Swiss Re Completes Acquisition of Conning Corp.
Jul 3 2001 // Swiss Re announced that it had completed the acquisition of MetLife subsidiary Conning Corporation as per the agreement reached last April. The terms of the transaction were not disclosed. Conning, which specializes...
AEGON, Swiss Re Complete Acquisitions
Jun 19 2001 // Dutch insurer and financial services provider AEGON N.V. announced that its U.S. subsidiary, AEGON USA, Inc., had successfully completed the acquisition of J.C. Penney’s direct marketing services. It paid $1.3...
Swiss Re Study Predicts Growth in ART’s
Jun 13 2001 // Swiss Re’s new study – sigma 3/2001 “Capital Market Innovation in the Insurance Industry” examines the history and the future of the transfer of insurance risks to the capital markets (ART’s),...
Swiss Re Reports On Ontario Auto Insurance
Jun 11 2001 // A report from Swiss Re Canada’s assistant vice-president Glenn McGillivray highlights an increase of 8 points in loss ratios in the automobile insurance market in the Province of Ontario. The rise in the loss ratio...
Harvard Law School Receives Grant from Swiss Re for Study
May 25 2001 // Harvard Law School’s Program on International Financial Systems has received a grant to study worldwide capital adequacy regulation of financial institutions. The project, supported by Swiss Reinsurance Company, will...
Swiss Re Sues XL Over Armstrong Credit Swap
May 23 2001 // Swiss Re Financial Products Corp. has filed suit in New York against XL Insurance Ltd. over its refusal to pay a $20 million claim made by Swiss Re FP in connection with the bankruptcy of Armstrong World Industries last...
Amwest Surety Placed Under Order of Supervision
May 21 2001 // Calabasas, Calif.-based Amwest Insurance Group Inc. recently announced that its subsidiary, Amwest Surety Insurance Company (Amwest Surety), had agreed to be placed under an Administrative Order of Supervision by the...
