Swiss Re

Swiss Re’s Jones: Casualty uncertainty brings rate adequacy into question

It is not clear casualty insurance rate increases are keeping pace with elevated loss trends, according to Swiss Re’s head of casualty underwriting for North America Brian Jones, who notes his company is seeing “selective opportunities” to grow in this area as a reinsurer.

Wolfe: Swiss Re eyes “rich” opportunity for embedded personal lines insurance

Swiss Re is continuing to see promising opportunities to partner with non-insurance businesses on embedded insurance offerings to access their broad distribution and large customer bases, especially in personal lines, according to the reinsurer’s president of P&C US Keith Wolfe.

Swiss Re shares rise ~3% following earnings beat

Swiss Re’s shares have traded up ~3 percent in morning trading following a strong earnings beat with one analyst describing the group’s combined ratio as “remarkable” given this year’s catastrophe losses

Swiss Re’s Solutions spies embedded opportunities and opens arms to innovators

Swiss Re’s Solutions has emerged to quietly become one of the reinsurer’s fastest-growing business units with the platform primed for further expansion as it hunts out innovative and technologically advanced opportunities with embedded insurance of particular interest, Pranav Pasricha has told The Insurer.

Swiss Re CorSo names Favorito NA exec risks head after Rodriguez joins AIG

Swiss Re Corporate Solutions has tasked Chris Favorito with leading its executive risks business in North America following Paul Rodriguez’s move to AIG earlier this summer.

Swiss Re CorSo’s Elevate adds workers’ comp offering

Swiss Re Corporate Solutions’ middle market-focused Elevate platform is entering the US workers’ compensation market with the new offering rounding out its existing property and general liability coverages, The Insurer can reveal.

Swiss Re expects $750mn Ida hit based on industry loss of $28bn-$30bn

Swiss Re has revealed it expects a combined impact of $1.27bn from Hurricane Ida and July’s European flooding.

Swiss Re’s Ojeisekhoba: Wellbeing of “intellectual capital” crucial following Covid-19

The mental wellbeing of staff at Swiss Re has been a “recurring topic” for the executive committee as the group navigates its way through the impact of Covid-19 both from a business and personnel point of view, according to reinsurance CEO Moses Ojeisekhoba.

Navigating the next 20 years – a call for closer collaboration

Swiss Re’s Gianfranco Lot examines how the growing risk complexities in the decades ahead call for closer collaboration between (re)insurers and governments.

Swiss Re partners on digital French motor product

Swiss Re has entered into a partnership with community-based travel platform BlaBlaCar and motor insurance specialist L’olivier Assurance, the French branch of Admiral Group, to launch a digital motor product in France.

Swiss Re’s Ojeisekhoba: secondary peril losses to fuel rate rises in 2022

Reinsurance renewal rates will need to increase further in 2022 to offset the rising cost of losses from secondary perils, according to Swiss Re’s reinsurance CEO Moses Ojeisekhoba.

Swiss Re’s Mitchell on pruning the portfolio to tackle climate change

Global (re)insurers have an opportunity to step up and provide the solutions needed to spur the development of climate-related technology and protect clients against the new perils associated with the changing climate, according to Mike Mitchell, head of property and specialty underwriting, reinsurance at Swiss Re.

Swiss Re: non-life insurance premiums to surpass $7trn in 2022

Growing climate risks, urbanisation and digitalisation will drive increased demand for insurance protection, with non-life insurance premiums expected to rise 10 percent above pre-pandemic levels by the close of 2021, according to Swiss Re Institute.

Swiss Re’s Léger: Wrong to say industry is “running away” from secondary perils

As the industry continues to face criticism over its response to unmodelled risks, Thierry Léger, group CUO at Swiss Re, has said it’s wrong to say “we are running away as a company or an industry from secondary perils”, and that a more cautious approach is needed.

Swiss Re looks to Axa XL for Coletti to lead global cyber unit as Bundt steps aside

Swiss Re has unveiled plans to launch a central cyber underwriting team and has hired Axa XL’s cyber chief underwriting officer John Coletti to head up the unit.

Satellites can expand bounds of insurability

Swiss Re’s Mike Mitchell explains the benefits satellite technology can bring to the reinsurance industry.

Swiss Re CorSo partners with Reask on parametric windstorm cover

Swiss Re Corporate Solutions has partnered with tropical cyclone risk analytics firm Reask to expand the commercial insurer’s parametric windstorm solution, Storm.

AM Best: Munich Re tops global reinsurer ranking by 2020 GPW

Munich Re has claimed top place in AM Best’s ranking of the world’s largest 50 reinsurers by 2020 gross premium written, with the ratings agency tweaking its methodology to include only year-end reinsurance premium and no primary premium.

Sasria raises South Africa riot loss estimate to $1.34bn

South African state-backed political violence insurer Sasria has said it now anticipates the bill for claims from civil unrest and rioting in the country in July could reach as much as $1.34bn, almost three times its best-case estimate in the immediate aftermath of the events.

Swiss Re CorSo hires Lockton’s McGrath as head of crisis management

Swiss Re Corporate Solutions has hired Caitlin McGrath from Lockton as head of crisis management and product recall, taking the role vacated by the departure of Mark LeBlanc to Dual that was revealed by this publication in June.

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