Swiss Re leads YTD gains among European big four following strong 1.1 and Q4 earnings beatSwiss Re has led share price gains among the four European reinsurers so far in 2023, with the carrier trading up 10.5 percent since the start of the year.
Swiss Re secures $700mn JP Morgan-backed stop-loss coverSwiss Re has secured $700mn of stop-loss protection in a multi-year deal which the reinsurer said would allow it to further pursue growth opportunities amid attractive market conditions.
Guy Carpenter and Swiss Re support New York flood parametric pilotGuy Carpenter and Swiss Re are participating in a new pilot program that will provide up to $1.1mn in emergency funding following a major flooding event in New York City.
Swiss Re CorSo and Aon partner on Nepal parametric power station coverSwiss Re Corporate Solutions and Aon have collaborated with the World Bank’s International Finance Corporation to structure a parametric insurance solution for a hydroelectric power station in Nepal.
Swiss Re teams up with Luminar for data project and new program launchSwiss Re has entered into an exclusive partnership with automotive industry-focused Luminar Technologies for a new data and analytics project, while the two companies are also developing a new autonomous vehicle insurance program.
Swiss Re US P&C president Wolfe to leave in JulySwiss Re’s president of US P&C Keith Wolfe will leave the company at the beginning of July to pursue opportunities outside of the business, The Insurer can reveal.
Swiss Re names Ningen US P&C reinsurance CEOMonica Ningen has been named CEO of US property and casualty (P&C) reinsurance at Swiss Re, with Jolee Crosby appointed to take over Ningen’s former role as president and CEO of Swiss Re Canada and English Caribbean.
Swiss Re targets $3bn net income in 2023 as 1.1 delivers volume growth of 13%A fourth quarter net income of $757mn kept Swiss Re in the black for 2022, with the reinsurer delivering net income of $472mn for the full-year.
Swiss Re’s property and specialty head Mitchell to exit as new org structure rolled outLong-serving Swiss Re executive Mike Mitchell has signalled his intention to retire from the reinsurer following the mid-year renewals after 35 years with the carrier.
Lot and Descombes get CUO roles in Swiss Re P&C and L&H splitGianfranco Lot and Julien Descombes have been handed key CUO roles for Swiss Re’s newly separated P&C Re and L&H Re units respectively, but regional president roles have been eliminated as part of the restructure, The Insurer understands.
Swiss Re to split reinsurance business in operational restructureSwiss Re is set to revamp its organisational structure through the split of its reinsurance business into separate P&C Re and L&H Re units.
Swiss Re CUO Léger appointed Scor CEO following shock Rousseau departureSwiss Re’s group chief underwriting officer Thierry Léger has been appointed CEO of rival European reinsurer Scor, replacing Laurent Rousseau who is leaving the Paris-based group after 18 months in the role.
Swiss Re CorSo promotes Arquint to assume Kleiterp’s EMEA CEO roleSwiss Re Corporate Solutions has appointed Nina Arquint as CEO of EMEA, replacing Fred Kleiterp who has left the firm to join Beazley as European general manager.
Aon links up with major reinsurers to create exposure data standardAon has partnered with four leading reinsurers to create a community-owned market standard for catastrophe risk data - a move the broker said will lower the barriers of entry for model developers as well as helping facilitate increased resilience among vulnerable communities across the world.
Swiss Re’s Mumenthaler: Large corporates have “huge leverage” to reduce scope 3 emissionsThe industry is at a “tipping point” in the net zero transition as large influential companies begin to send price signals for participants in their value chain to take action now to reduce scope 3 emissions, according to Swiss Re’s Christian Mumenthaler.
Swiss Re names Peneva as group chief investment officerSwiss Re has appointed Velina Peneva as its group chief investment officer and member of the group executive committee.
Swiss Re promotes Steinmann to its head of Northern, Central & Eastern EuropeSwiss Re has promoted Thorsten Steinmann as its head of Northern, Central and Eastern Europe.
Swiss Re Institute: India to grow to top six insurance market in next decadeIndia is one of the fastest growing insurance markets in the world and will be the sixth largest by 2032, according to the Swiss Re Institute.
Swiss Re appoints Thomson to lead casualty treaty UW for Northwest EuropeSwiss Re has appointed Harry Thomson as its new head of casualty treaty underwriting for Northwest Europe.
Swiss Re CorSo appoints Schorstein to innovative risk solutions unitSwiss Re Corporate Solutions, the commercial insurance arm of Swiss Re, has appointed Teresa Schorstein as a senior structurer in its innovative risk solutions, EMEA team.