Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Global Insurance Premiums Set to Rebound in 2021 After COVID-Related Dip: Swiss Re
Jul 13 2020 // Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in its latest sigma...
Swiss Re’s Chief Underwriting Officer Schmid Is Stepping Down, Succeeded by Léger
Jun 19 2020 // Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses. Léger succeeds...
Emerging Mkt Infrastructure Projects to Bring Premiums of $50B in Next Decade: Sigma
Jun 18 2020 // Investment in infrastructure development is set to be one of the main drivers of growth in emerging markets after the COVID-19 crisis subsides, according to Swiss Re’s latest sigma report. Emerging markets will...
Swiss Re-Backed Nigerian Life Insurer Sees Sales Surge as Pandemic Starts Taking Hold
Jun 16 2020 // Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the coronavirus pandemic starts taking hold in Africa’s most populous country. “Health...
Edge Computing, Supply Chains, Deepfakes Among 2020’s Top Emerging Risks: Swiss Re
Jun 12 2020 // Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time to take a look at the...
Swiss Re Corporate Solutions Launches Parametric Product for Hail-Prone States
May 29 2020 // Swiss Re Corporate Solutions (SRCS) has expanded its parametric offering with the launch of HAIL, a parametric hail insurance cover. The new product is designed to protect companies in the United States from the financial...
Swiss Re Corporate Solutions Names Hunziker as APAC Head Property & Specialty
May 27 2020 // Swiss Re Corporate Solutions has appointed Robert Hunziker as Asia Pacific Head Property & Specialty, effective Sept. 1, 2020. In this role, Hunziker will be responsible for providing underwriting leadership, portfolio...
Swiss Re Reports Q1 Loss of $225M as Impact of COVID-19 Crisis Begins to Hit
Apr 30 2020 // Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of the coronavirus outbreak began to bite, it said on Thursday. The Zurich-based company booked a hit of $476 million for anticipated and...
AXA Announces Death of Stefan Lippe, AXA Director, Former CEO of Swiss Re
Apr 24 2020 // AXA announced the death of Stefan Lippe, 65, who has been an AXA Director since 2012, and was the former chief executive officer of Swiss Re Group. Press reports reveal he died of complications from COVID-19. Stefan...
Swiss Re Corporate Solutions Appoints Grass as CFO, Succeeding Mueller
Apr 21 2020 // Swiss Re Corporate Solutions appoints Matthias Grass as chief financial officer, where he will be responsible for ensuring the Swiss Re business unit achieves its financial targets and implements its strategy. He will...
Rising Sea Levels Could Double Extreme Flooding Events on Coastline, Report States
Apr 16 2020 // “Sea-level rise will radically redefine the coastline of the 21st century.” That’s from a new study that shows rising sea levels could lead to extreme flooding events in some U.S. coastal areas doubling...
Swiss Re Appoints Haycock as Its First Chief Data Officer
Apr 9 2020 // Swiss Re announced that Ian Haycock has been appointed to the newly created role of chief data officer as of May 1, 2020. Together with Youngran Kim, who started as the group chief technology officer this month, Haycock...
Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re
Apr 8 2020 // Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather...
Swiss Re Names da Victoria Lobo as Market Executive for Western, Southern Europe
Mar 24 2020 // Swiss Re has announced that Nikhil da Victoria Lobo, currently managing director and head of Americas for its Public Sector Solutions (PSS) Division, has been appointed market executive for Western and Southern Europe...
Swiss Re, Zurich Insurance in Talks with Swiss Regulator About Coronavirus Impact
Mar 20 2020 // Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their capital buffers and their business, according to people familiar with the...
Swiss Re Launches Digital Market Center Supported by Microsoft Data Analytics, AI Tools
Mar 12 2020 // Swiss Re has formed a strategic alliance with Microsoft Corp., which is providing digital tools to support Swiss Re’s new Digital Market Center. The Digital Market Center is designed to help develop next-generation,...
Update: Swiss Re Plans to Make UBS CEO Ermotti Its Chairman in 2021
Mar 3 2020 // Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world’s second-biggest reinsurer said on Tuesday, turning to a financial industry veteran with scant insurance...
Swiss Re Will Absorb Poor 2019 Earnings, Says S&P
Feb 21 2020 // S&P Global Ratings said that even though Swiss Re performed materially below expectation for its 2019 earnings, the ratings agency expects the group to maintain its risk-based capital above the “AA” level,...
BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany
Feb 20 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced further expansion of its European team, naming Daniel Weinmann as head of Customer & Broker Engagement in Germany. Weinmann comes to BHSI with more than 20 years...
Swiss Re 2019 Profit Hit by Natural Disasters, U.S. Casualty Claims
Feb 20 2020 // Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, sending its shares lower. Net...
