Swiss Re to Sell elipsLife to Swiss Life, Enters Long-Term Reinsurance Partnership December 10, 2021 Swiss Re announced it has agreed to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International...
Activist Group Calls on Insurers to Sue Oil Companies for Climate Damages November 29, 2021 By Tom Sims FRANKFURT – A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related...
Swiss Re and China Tech Giant Baidu Partner to Advance Autonomous Driving Industry November 19, 2021 Swiss Re and Chinese tech giant Baidu are teaming up to further develop the autonomous driving industry, announced Swiss Re....
Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re November 19, 2021 TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising...
P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021 November 18, 2021 By Kevin Orland Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1...
Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re November 17, 2021 Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to...
Swiss Re CEO Mumenthaler Appointed Chairman of Geneva Association November 16, 2021 The Geneva Association announced that Christian Mumenthaler, CEO of Swiss Re, was appointed the new chairman of the organization. Mumenthaler,...
Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses November 15, 2021 All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal November 12, 2021 By Jonathan Saul Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their...
Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters November 10, 2021 By Scott Murdoch, Julie Zhu and Kane Wu HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion...