Swiss Re

Swiss Re swoops on AGCS for LatAm Corporate Solutions CEO

Swiss Re Corporate Solutions has appointed AGCS’ Angelo Colombo CEO of Latin America.

Swiss Re’s $2bn share buy-back granted shareholder approval

Shareholders of reinsurance behemoth Swiss Re approved a public share buy-back programme of up to CHF2bn ($2bn) at its annual general meeting earlier today (17 April).

Global insured nat cat bill tops $76bn in 2018: Swiss Re

Insured losses from natural catastrophes in 2018 were $76bn, the fourth highest one-year total, according to the latest Sigma report from Swiss Re.

Swiss Re’s Jebi loss could increase by $500mn in Q1: KBW

Swiss Re’s long list of large losses is likely to be above budget in its first quarter results, believe KBW analysts following a pre-close call with management.

Swiss Re proposes $2bn share buy-back programme

Reinsurance powerhouse Swiss Re is to ask shareholders to approve a public share buy-back programme of up to CHF2bn ($2bn) at its annual general meeting next month.

Swiss Re looking to build its share in harder Florida market

Swiss Re is being more vocal with reinsurance brokers and buyers about building its share of the Florida’s homeowners market in expectation of rate hardening at the upcoming renewal, The Insurer can reveal.

Swiss Re launches quake BI cover with Falls Lake and Arrowhead

Swiss Re has teamed up with Falls Lake Insurance and Arrowhead General Agency to launch a parametric insurance product for business interruption coverage after a California quake, The Insurer can reveal.

Emerging markets to drive global insurance growth: Swiss Re

Emerging market insurance premiums will more than double over the next 10 years, outpacing growth in advanced markets by four times, according to forecasts from Swiss Re.

Real-time techniques would improve wildfire modelling: Swiss Re

A new Swiss Re report says the industry’s higher exposure to Canada wildfires has not been accurately reflected in risk models and events such as 2016’s Fort McMurray C$3.8bn insured loss are increasingly likely.

Swiss Re P&C returns to profit despite $2.3bn loss bill

Despite a poor fourth quarter, Swiss Re reported net income of $370mn in its P&C division in 2018, a marked improvement on the $413mn loss the business segment made the previous year.

ILS investors seek rate hardening after costly H2 2018: Swiss Re

2018 marked the second-highest year of ILS issuance volume on record, but investors will now seek rate hardening after another costly cat year, according to Swiss Re.

Swiss Re completes $1bn share buy-back programme

Reinsurance powerhouse Swiss Re has completed its 2018 share buy-back programme, returning just shy of CHF1bn ($995.6mn) to shareholders.

Axis Re hires Swiss Re’s Osterrieder for global clients role

Axis Re has hired Daniel Osterrieder from Swiss Re as it continues to build out its Strategic Partners unit, The Insurer can reveal.

Munich Re in US casualty retrenchment

Munich Re has significantly reduced its appetite for segments of US commercial casualty risk amid concerns over claims activity and loss trends that are continuing to outpace rates, The Insurer can reveal.

Swiss Re partners with 10+ carriers on US flood offering

Swiss Re is gaining traction in its bid to grow the private US flood insurance market after signing up several new carrier and MGA partnerships to offer the product in the second half of 2018, The Insurer can reveal.

Axis, Swiss Re, RSA and Gard on $175mn Star Centurion cover

Axis, Swiss Re and RSA all have significant exposure on the Gard-led hull claim for the Star Centurion vessel which collided with a tanker in the South China Sea earlier this month, The Insurer can reveal.

Q4 cat preannouncements continue...

As the industry gears up for the fourth quarter earnings period many carriers have prepared the market - and their investors - through a flurry of Q4 cat preannouncements, The Insurer tracks the movements.

Swiss Re appoints Archie Kane to ReAssure chair ahead of IPO

Swiss Re has named former Bank of Ireland governor Archie Kane as the non-executive chairman of its UK-based closed book business ReAssure.

AIG completes giant casualty treaty; Swiss Re leads

AIG got its new core US casualty quota share home at around the targeted 50 percent placement level it had targeted after securing widespread support from major reinsurers including heavyweights Swiss Re and Munich Re, The Insurer can reveal.

Swiss Re pegs fourth quarter cat losses at $1.3bn

Reinsurance giant Swiss Re has estimated it suffered $1bn of natural catastrophes losses in the fourth quarter of 2018, with an additional $300mn of losses stemming from man-made catastrophes.

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