Swiss Re

Softbank looks for Swiss Re board seat

Softbank, the Japanese tech conglomerate that stunned markets last week after reports emerged it was mulling a $30bn stake in Swiss Re, is pushing for a seat on the carrier’s board in a bid to have a say in how the reinsurer spends its $161bn investment pot.

Swiss Re shares finish the week flat despite Softbank investment rumours

Shares in Swiss Re closed flat last week despite reports suggesting Japanese investment giant Softbank was eyeing a $10bn in the big-four reinsurance giant.

XL shares soar as Wall Street acquisition rumours reach fever pitch

Shares in XL Group were trading up by more than 12 percent as markets closed on Wednesday after reports that potential acquirers were circling the Bermuda-headquartered group.

Swiss Re CFO to step down, Group Chief Strategy Officer will take over role

David Cole is to step down from Swiss Re from his role of Group Chief Financial Officer at the end of March 2018.

Reinsurance stocks rally after initial 1.1 falls

Reinsurance stocks have begun to rally in recent days after declining in late December and at the beginning of January amidst reports of reinsurers conceding to lower rate improvements at 1.1.

Swiss Re: Broad market hardening now expected in 2018

Swiss Re’s chief economist Kurt Karl has today (21 November) predicted a broad market hardening of P&C rates in 2018 beyond loss-affected lines following the $130bn of capital that has been stripped from the industry this year.

Swiss Re: pricing to ‘‘improve’’ following $468mn loss

Swiss Re has added to the industry calls that 2018 will require meaningful price increases following a $468mn net loss for the first nine months of the year following its previously announced $3.6bn net loss bill from the third quarter hurricane events and Mexican earthquakes.

Munich Re: Global rate increases will happen

The days of falling reinsurance rates are over, according to Munich Re with a warning that price corrections will be on a global basis in 2018.

A market in transition

As delegates gathered in Baden Baden Reinsurance spoke to Jean-Jacques Henchoz, CEO Reinsurance EMEA, at Swiss Re around the issues affecting the market at present with the ability to close the protection gap to the fore after the heavy losses already inflicted in the Caribbean, the Southern United States and Mexico, in recent weeks.

Axis hires Swiss Re’s Arora to lead $2.2bn reinsurance arm

Axis Capital has hired long-serving Swiss Re executive Steve Arora to become head of its $2.2bn reinsurance arm, Axis Re, following the departure of Jay Nichols earlier this year.

Swiss Re estimates 3Q losses at $3.6bn

Swiss Re says the roll-call of recent catastrophe losses - including Hurricanes Harvey, Irma and Maria - will cost the group $3.6bn in net losses.

Excess capital unlikely to be drained away by H2 cats

Despite great uncertainty over the final loss picture for H2, industry leaders gathering at the Rendez-Vous were sceptical that the industry’s excess capital position will drain completely away unless there are further major loss events.

Excess capital unlikely to be drained away by H2 cats

Swiss Re warns on cyber aggregations

Swiss Re’s head of Reinsurance is urging the industry to take a considered approach to cyber given the potential aggregation risks and that some risks were so systemic that only governments can reinsure.

Florida braced for Irmageddeon

With a cruel sense of timing, Florida is bracing itself for a hit from one of the biggest hurricanes in history just as the global reinsurance industry converges on Monte Carlo for the annual Rendez-Vous.

Insurance needs to innovate to close poverty trap

The growing role of insurance in enhancing the ability of millions of people around the world to afford medical care has been highlighted on a new report from Swiss Re’s research arm.

Swiss Re highlights underwriting discipline as H1 profits fall

Swiss Re CEO Christian Mumenthaler says the reinsurance powerhouse is confident about the long-term despite a fall in half year profits today (4 August).

Swiss Re highlights underwriting discipline as H1 profits fall

Swiss Re CEO Christian Mumenthaler says the reinsurance powerhouse is confident about the long-term despite a fall in half year profits today (4 August).