Swiss Re

Swiss Re CorSo eyes European casualty expansion: EMEA CEO Kleiterp

Swiss Re Corporate Solutions (CorSo) is looking to increase its share of the European liability market as it turns to growth following the heavy remediation work undertaken in recent years, EMEA CEO Fred Kleiterp has told The Insurer.

KBW: Swiss Re facing Q3 loss of ~$750mn and possible reserve strengthening

Swiss Re will post a circa $715mn loss for Q3 on the back of “far from normal” natural catastrophe activity, KBW’s Darius Satkauskas has forecast, while the analyst also warned US casualty loss cost trends may soon force the reinsurance giant to strengthen its reserves.

Swiss Re takes equity stake in Alphabet’s Verily

Healthcare-focused Verily and Swiss Re have closed a transaction whereby the reinsurance giant exchanged its investment in employer stop-loss insurer Granular Insurance Company for an equity stake in Verily.

Europe’s big four facing $1.5bn-$2.7bn property losses from Hurricane Ian: Berenberg

Europe’s big four reinsurers will incur property cat reinsurance losses of between $1.5bn and $2.7bn based on Hurricane Ian being a $25bn to $35bn insured loss event, according to preliminary estimates by Berenberg.

Swiss Re’s iptiQ builds embedded offering and sidesteps challenges with new solutions

Digital carrier iptiQ is reaping the rewards of its investments with significant North American expansion over the past 18 months, while opportunities in the Swiss Re subsidiary’s established B2B2C offering offering continue to arise even as competition in the middle market continues to drive up acquisition costs, Niels Keuker has told The Insurer.

Swiss Re: Reinsurance will be instrumental in de-risking new investments

Reinsurance will play a “significant role” in how people de-risk new investments within a multipolar world that is increasingly influenced by macroeconomic conditions, said Moses Ojeisekhoba, Swiss Re’s CEO of reinsurance, at this year’s Rendez-Vous in Monte Carlo.

Swiss Re CUO: 1.1 will go from “hard to even harder”

Swiss Re’s chief underwriting officer Thierry Léger has landed at Monte Carlo predicting further rate rises at 1 January as the industry enters a phase of “heightened volatility”.

Swiss Re: Supply chain restructuring will bring $33bn in P&C premiums by 2026

Supply chain restructuring activities in the wake of Covid-19 and the Russia-Ukraine conflict are set to generate an additional $33bn in commercial P&C insurance premiums in the next four years, according to a new study by Swiss Re Institute.

Where were you when the world changed?

Moses Ojeisekhoba, CEO for reinsurance at Swiss Re, sets the scene for this year’s Rendez-Vous in Monte Carlo.

Swiss Re urges flood modelling investment to help close protection gap

Swiss Re has urged the insurance industry to invest more in flood modelling and risk awareness initiatives to help close the protection gap, with a lack of coverage meaning insured losses accounted for only 18 percent of the economic losses incurred from the hazard globally in 2021.

Scor underperforms big four peers in choppy August

Shares in global reinsurer Scor shed almost 4 percent over August, underperforming its big four peers which all posted notable gains, as investors continued to look unfavourably on its second quarter earnings miss and its stock was dragged down by a wider market rout.

Swiss Re loses employment tribunal over sex discrimination and unfair dismissal

Swiss Re has lost an employment tribunal in the UK with the Central London Employment Tribunal ruling that a female underwriter was unfairly dismissed as well as upholding complaints of direct sex discrimination, sex-related harassment and maternity-related discrimination.

Swiss Re: ILS performance to “recover strongly” after negative H1 returns

The catastrophe bond market produced a small negative return in the first half of the year while new issuance dropped 8.9 percent to $8bn, according to a new report from Swiss Re Capital Markets (SRCM) that predicts performance will recover strongly in the rest of the year.

Swiss Re &quote;well positioned&quote; as A+ FSR affirmed by AM Best

Swiss Re "well positioned" as A+ FSR affirmed by AM Best

Swiss Re is well positioned to take advantage of improving reinsurance market conditions, AM Best said as it affirmed the industry giant’s A+ financial strength and “aa” long-term issuer credit ratings.

Cowbell and Swiss Re partner to provide cyber coverage for cloud workloads

Cyber MGA Cowbell has partnered with Swiss Re to provide cyber insurance coverages to businesses with up to $750mn in revenue that are building their digital footprint on Amazon Web Services (AWS).

Swiss Re forms new cat bond-focused investment advisory company

Global reinsurer Swiss Re has launched an investment advisory company which will focus on offering investment management services to qualified institutional investors.

Swiss Re estimates H1 industry nat cat losses at $35bn

Swiss Re has estimated industry-wide natural catastrophe losses at $35bn for the first half of 2022, with a further $3bn in man-made losses.

Swiss Re profits dip as nat cats exceed budget during H1

HIgher than expected natural catastrophe losses meant Swiss Re’s combined ratio missed analyst consensus for both the second quarter and first half of 2022.

Swiss Re hires Paul Latarche for new reinsurance solutions role

Swiss Re has appointed Paul Latarche to the newly created role of chief commercial officer for reinsurance solutions, effective September.

Swiss Re CorSo names Desplanches IDI global leader

Swiss Re Corporate Solutions (CorSo) has appointed Emmanuel Desplanches to the newly created position of inherent defect insurance (IDI) global leader.

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