Latest Swiss Re Headlines
All the headlines from our Swiss Re Topic Page, ordered by recency.
Swiss Re Posts $2.2 Billion Q3 Net Income
Nov 8 2012 // Swiss Re reported net income of $2.2 billion in the third quarter of 2012, compared to $1.3 billion in the prior-year period, and a return on equity of 28 percent, “driven by continued strong performance from...
What’s Ahead in Agency E&O
Nov 5 2012 // Competition, Hard Market, Healthcare Effects and More E&O Suits by Carriers Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends,...
Swiss Re Names Fürer, Dacey to Group Executive Committee
Oct 19 2012 // Swiss Re has appointed Guido Fürer, currently head of the chief investment office, group chief investment officer and member of the Group executive committee. He succeeds David Blumer who is leaving the...
Chief Investment Officer Blumer to Step down from Swiss Re Post
Oct 5 2012 // Swiss Re’s Board of Directors has announced that Chief Investment Officer David Blumer has decided to leave the company, effective November 1, 2012. His successor will be announced in due course. Blumer joined Swiss...
Swiss Re’s Chief Economist on the State of the Global Economy
Sep 14 2012 // “The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview at the recent Reinsurance Rendezvous in Monte Carlo. He did indicate that...
Low Interest Rates: an Ongoing Problem for the Re/insurance Industry
Sep 12 2012 // Swiss Re’s sigma report analyzing the effect on the insurance industry of the continuing low interest rates doesn’t paint a pretty picture. They have been at historic lows for several years. For instance the...
Swiss Re Report Analyzes Rise in Flood Losses – $15 Billion and Counting
Sep 6 2012 // A new report from Swiss Re underscores the fact the “insured flood losses have increased from $1–2 billion in 1970 to $15 billion in 2011, which it describes as an “alarming rate” while posing...
Swiss Re Corporate Solutions Opens Netherlands for Benelux Market
Aug 29 2012 // Swiss Re Corporate Solutions announced that it has opened an office in Amstelveen, the Netherlands, to “reinforce its presence in the Benelux region. The office will provide insurance solutions to large and...
Swiss Re Reports Italian Insurance Market at ‘Crossroads’ of Change
Aug 27 2012 // According to Swiss Re’s latest study – The Italian insurance market: opportunities in the land of the Renaissance – “Italy stands at the crossroads of economic and social change, and therefore offers...
Hard Market Generates New E&O Challenges for Insurance Agents
Aug 22 2012 // The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums so low that agents have had to fight for business and write more accounts just to...
Swiss Re Reports $83 Million Q2 Net Income; $717 Million in P&C
Aug 9 2012 // Swiss Re reported a net profit of $83 million for the second quarter of 2012, indicating that the figure was “impacted by the sale at a loss of $1.0 billion of the Admin Re® US business.” Property &...
Swiss Re Corporate Solutions Increases North American Property Capacity
Aug 2 2012 // Swiss Re Corporate Solutions has increased available Property capacity from $250 million to $500 million. As part of the company’s single carrier offering, the increase in property capacity up to $500 million is...
Black Heads Swiss Re’s Brazilian, So. American Reinsurance Operations
Jul 6 2012 // Swiss Re announced that it now operates as a Local Reinsurer in Brazil under new leader Margo Black, as its Head of Reinsurance for Latin America South and President of Swiss Re Brasil Resseguros SA. “She starts at a...
Swiss Re Chief Economist Sees Stronger U.S. Economy by Year End
Jul 2 2012 // On the heels of the U.S. Federal Reserve’s decision to maintain the target fed funds rate at zero to 25 basis points Swiss Re’s Chief Economist, Kurt Karl, said: “The U.S. economy has been weak recently,...
Swiss Re sigma Study Finds P&C Growth in Emerging Markets
Jun 27 2012 // Swiss Re’s latest sigma study concludes that “global overall premiums declined 0.8 percent in real terms in 2011. While non-life premiums expanded 1.9 percent on solid economic growth in emerging markets and...
Swiss Re Chief Economist Sees Rising Rates by Year End
Jun 22 2012 // On the heels of the decision by the U.S. Federal Reserve to maintain the target fed funds rate at zero to 25 basis points Swiss Re’s Chief Economist, Kurt Karl, commented: “The US economy has been weak...
Prudential Buying U.S. Life Insurance Business from Swiss Re
May 31 2012 // Britain’s No.1 insurer Prudential Plc on Thursday said it will buy life insurer SRLC America Holding Corp. from Swiss Re AG for 398 million pounds in cash. It said the purchase would be made through...
Swiss Re Plays Leading Role in Private Sector Plan for African ‘Food Security’
May 21 2012 // Swiss Re announced that CEO Michel Liès has signed a letter of intent to participate in a “New Alliance for Food Security and Nutrition,” which will begin work following the G-8 summit at Camp David. Those...
Ratings Recap: Swiss Re Corporate Solutions, Milli Re
May 15 2012 // A.M. Best Co. has assigned a financial strength rating of ‘A+’ (Superior) and an issuer credit rating of “aa-” to Swiss Re Corporate Solutions Ltd. (SRCSL), both with stable outlooks. The ratings of...
Padilla to Join Swiss Re as Head of Latin American Reinsurance – North
May 15 2012 // Swiss Re announced the appointment Alejandro Padilla, effective June 1, 2012, as Head of Reinsurance Latin America North and President of Swiss Brokers Mexico, Intermediario de Reaseguro, S.A. de C.V. He will be based in...
