Swiss Re

The industry must avoid being ‘shamed’ on cyber: MMC’s Glaser

The reinsurance market must communicate with policyholders what is excluded from cyber policies in the event of a global cyber event, Dan Glaser, president and chief executive of MMC has said.

Swiss Re predicts clashes between insurers and brokers

High expense ratios and pricing pressure may lead insurers to drop intermediaries from the supply chain, Swiss Re’s newly-appointed chief economist has said.

Swiss Re’s UK and Ireland CEO O’Neill exits

Swiss Re’s UK and Ireland head Frank O’Neill is to leave the reinsurance giant next week.

Hannover Re CEO Wallin to be replaced by Swiss Re exec

The CEO of Hannover Re Ulrich Wallin will step down next year and be replaced by Swiss Re’s head of Europe, Middle East and Africa, Jean-Jacques Henchoz.

Swiss Re facing claim after Genoa bridge disaster

Swiss Re Corporate Solutions is one of the insurers of Autostrade per l’Italia – the operator of the collapsed Morandi Bridge in Italy.

Swiss Re pegs H1 insured cat losses at $20bn

Insured catastrophe losses incurred in the first half of 2018 are estimated to stand at $20bn, according to Swiss Re’s latest Sigma report.

Swiss Re P&C income soars 38% as underwriting improves in H1

Swiss Re has posted a 38 percent year-on-year bump in property and casualty net income, which leapt to $752mn for the first half of the year on the back of improved underwriting returns.

Non-life premiums up 2.8% globally in 2017: Swiss Re

Global non-life premiums rose by 2.8 percent last year to approximately $2.2tn, according to Swiss Re.

Swiss Re swoops on Amlin to open Hamburg office

Swiss Re Corporate Solutions is expanding its operations in Germany with a new office in Hamburg.

Global construction premiums stagnate at $21bn: Swiss Re

Creeping loss ratios and dwindling rates are putting pressure on construction underwriters who - in London - are losing share to international rivals, according to a new study by Swiss Re.

Munich Re still largest reinsurer as Berkshire leapfrogs into third place

Munich Re remains the industry’s largest reinsurer after writing $35.67bn of reinsurance premiums in 2017 with Swiss Re in second place and a $29.95bn book.

Softbank’s play for Swiss Re stake ends without a deal

Japanese investment powerhouse Softbank has failed to get a deal over the line to acquire a chunk of Swiss Re.

Dacey hints at other investment interest in Swiss Re aside from SoftBank

Swiss Re chief financial officer John Dacey has hinted that the company is in discussions with other investors surrounding a potential stake in the Zurich-based (re)insurer.

Swiss Re P&C income grows as underwriting improves in Q1

Swiss Re’s P&C unit reported a 7.5 percent year-on-year bump in net income for the first quarter to $345mn as underwriting returns improved helped by low catastrophe losses.

Swiss Re chalks up 2017 as biggest cat-loss year on record

Insured losses incurred in 2017 are estimated to stand at $144bn, making it the biggest cat loss year on record, according to Swiss Re’s latest Sigma report.

Swiss Re sees M&A opportunity in P&C but high pricing remains a barrier

Swiss Re is prepared to conduct M&A through its Corporate Solutions arm in the P&C market but high pricing levels and a still difficult market situation are proving to be a sticking point, its CEO Christian Mumenthaler said today (4 April).

Softbank Swiss Re stake 'expected not to exceed 10%'

Swiss Re has poured cold water on the suggestion that Japanese investment powerhouse Softbank is set to take a substantial stake in the company by saying any capital investment would likely target 10 percent or less of outstanding shares.

Swiss Re shares rise as Softbank closes in on $9.6bn stake deal

Japanese investment powerhouse Softbank is nearing a deal with Swiss Re to buy a 25 percent stake in the reinsurer for around $9.6bn, according to reports.

Swiss Re’s $400mn wildfire bill contributes to $1.2bn P&C loss

Swiss Re has revealed that wildfires in California contributed to a full year catastrophe bill of $4.7bn, helping to push the group’s property and casualty operations to a $1.15bn loss for last year.

Terror cover for UK motor reinsurers in doubt as Swiss Re mulls 1.1 exclusion

The future of terrorism reinsurance coverage available to UK motor insurers is in question as leading reinsurers are close to withdrawing cover at 1.1.19, re-Insurance.com can reveal.

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