Olympics’ Postponement Likely to Cost Insurers Much Less than Cancellation March 25, 2020 By Carolyn Cohn and Noor Zainab Hussain Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that...
Swiss Re Names da Victoria Lobo as Market Executive for Western, Southern Europe March 24, 2020 Swiss Re has announced that Nikhil da Victoria Lobo, currently managing director and head of Americas for its Public Sector...
Swiss Re Launches Digital Market Center Supported by Microsoft Data Analytics, AI Tools March 12, 2020 Swiss Re has formed a strategic alliance with Microsoft Corp., which is providing digital tools to support Swiss Re’s new...
Update: Swiss Re Plans to Make UBS CEO Ermotti Its Chairman in 2021 March 3, 2020 By Rob Cox and Oliver Hirt Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world’s second-biggest reinsurer...
Swiss Re 2019 Profit Hit by Natural Disasters, U.S. Casualty Claims February 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...
Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance February 18, 2020 Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price,...
Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re December 20, 2019 Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual...
Swiss Re to Sell U.K. Insurer ReAssure to Phoenix Group for $4.3B in Cash, Shares December 6, 2019 Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As...
Insurance Premiums to Grow 3% Despite Economic Slowdown: Swiss Re November 14, 2019 Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic...
Startup Zego Becomes 1st U.K. Insurtech to Get Insurance License November 12, 2019 Zego has become the first ever U.K. insurtech to be awarded its own insurance license, which will enable it to...