As Re/Insurers’ Results Are Hit, ‘Substantial’ Rate Hikes Expected: Swiss Re November 22, 2017 Non-life re/insurers’ full-year underwriting results are likely to be severely impacted from the second half’s three hurricanes and earthquakes in...
Europe’s Re/Insurers Cut Coal Investments by $20B; U.S. Firms Fail to Act: Report November 16, 2017 Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S....
Hedge Funds Invest in Reinsurance Stocks on Expected Rate Hikes in 2018 November 16, 2017 By Maiya Keidan, Carolyn Cohn and Lawrence Delevingne Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North...
Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable November 13, 2017 By Jessica Shankleman After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get...
Swiss Re Posts $468M 9-Month Loss, Anticipates Re/Insurance Rate Hikes November 2, 2017 By Brenna Hughes Neghaiwi A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from...
Swiss Re Names Richards as Head Casualty Reinsurance; Parton as Head P/C Business Mgmt. November 1, 2017 Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C...
Reinsurer Swiss Re Moving Kansas Office to Kansas City, Missouri October 27, 2017 Swiss Re, a reinsurance company, says it plans to move its headquarters and 400 jobs from Overland Park, Kansas, to...
Swiss Re Estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes October 20, 2017 By Joshua Franklin Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States...
Insurers, Tech Firms ‘Must Work Together’ to Tackle Emerging Technology Risks October 12, 2017 The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new...
Japan’s MS&AD to Invest $1B in Swiss Re’s UK Unit, ReAssure Jersey One October 6, 2017 By Taiga Uranaka Japan’s MS&AD Insurance Group Holdings Inc said on Friday it had agreed with Swiss Re AG to invest 800 million...