Tag Archives: Swiss Re

Swiss Re Proposes New Chairman and Enhances Board Composition Ahead of AGM

(IN BRIEF) Swiss Re has announced its proposals for its upcoming Annual General Meeting (AGM) on April 12, 2024, including the re-election of Jacques de Vaucleroy as a Board member and his election as Chairman, along with the nomination of … Read the full press release

Climate Change Report: Urgent Adaptation Measures Needed to Stem Rising Economic Losses, Swiss Re Institute Finds

(IN BRIEF) Swiss Re Institute’s latest analysis reveals that climate change is poised to escalate economic losses globally due to severe weather events. The report highlights the vulnerability of countries like the Philippines and the United States, which face significant … Read the full press release

Swiss Re Reports Strong Financial Performance and Plans for Growth in 2024

(IN BRIEF) Swiss Re has announced impressive financial results for 2023, reporting a net income of USD 3.2 billion and a return on equity of 22.3%. The company’s Property & Casualty Reinsurance (P&C Re), Life & Health Reinsurance (L&H Re), … Read the full press release

The Future of Cancer Detection: Multi-Cancer Blood Tests Raise Hope and Questions

(IN BRIEF) Multi-cancer early detection (MCED) blood tests hold the promise of revolutionizing cancer screening by providing a comprehensive, minimally invasive screening option for multiple types of cancer in a single blood sample. These tests offer the potential to increase … Read the full press release

Swiss Re Reports Robust Earnings of $2.5 Billion in First Nine Months of 2023

(IN BRIEF) Swiss Re, a global reinsurance company, has announced strong financial results for the first nine months of 2023, posting a net income of USD 2.5 billion. In the third quarter alone, the company recorded a profit of USD … Read the full press release

Digitalization Reshapes Insurance: Balancing Efficiency Gains and Emerging Risks

(IN BRIEF) The insurance industry is leveraging digitalization to monitor, mitigate, and price risks more efficiently, leading to tailored insurance solutions and increased protection. Swiss Re’s report highlights the potential for 3-8% improvements in loss ratios and 10-20% savings in … Read the full press release

Swiss Re Highlights Key Trends and Sustainability in the Reinsurance Market Ahead of 2024 Renewals

(IN BRIEF) Swiss Re is emphasizing the importance of enhanced underwriting data, improved modeling, and rebalancing the insurance value chain to ensure the sustainability of the reinsurance market. As the demand for re/insurance protection increases in a volatile environment, Swiss … Read the full press release

Swiss Re Introduces AI-Powered Mental Health App, Collaborates with Wysa for Holistic Support

(IN BRIEF) Swiss Re Reinsurance Solutions has partnered with Wysa to launch Wysa Assure, an AI-driven mental health support app. Combining Swiss Re’s risk expertise with Wysa’s AI technology, the app offers on-demand mental health assistance through an AI chatbot … Read the full press release

Emerging Asia to Drive Global Economic Growth, Swiss Re Report Finds

(IN BRIEF) Swiss Re Institute’s latest sigma report highlights that emerging Asia, led by the reopening of China’s economy, is expected to be the main driver of global economic growth in the coming years. The report forecasts a growth rate … Read the full press release

Swiss Re and Benekiva Collaborate to Create Integrated Claims Management Solution

(IN BRIEF) Swiss Re Reinsurance and Des Moines-based insurtech Benekiva have formed a strategic partnership to create an Integrated Claims Management Platform that combines Benekiva’s claims administration system with Swiss Re’s Claims Automated Rules Engine. The end-to-end platform supports digital … Read the full press release

Swiss Re divise l’unité commerciale de réassurance en P&C Re et L&H Re

(ACTUALITÉ EN BREF) Swiss Re, une société de réassurance mondiale de premier plan, prévoit de simplifier sa structure organisationnelle pour améliorer l’efficacité, l’expérience client et l’efficacité globale, en attendant l’approbation réglementaire. L’unité commerciale de réassurance sera divisée en P&C Re … Read the full press release

Swiss Re Divides Reinsurance Business Unit into P&C Re and L&H Re

(IN BRIEF) Swiss Re, a leading global reinsurance company, plans to simplify its organizational structure to improve efficiency, client experience, and overall effectiveness, pending regulatory approval. The Reinsurance Business Unit will be divided into P&C Re and L&H Re, with … Read the full press release

New partnership between Swiss Re and Indonesia Re to support the underwriting decisions of the members of the National Insurance Data Centre Management Agency (BPPDAN)

(PRESS RELEASE) SINGAPORE, 3-Oct-2022— /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced a new partnership with Indonesia Re (PT Reasuransi Indonesia Utama), a fully owned by The Republic of Indonesia, aimed at supporting the the underwriting decisions of … Read the full press release

Nouveau partenariat entre Swiss Re et Indonesia Re pour soutenir les décisions de souscription des membres de la National Insurance Data Center Management Agency (BPPDAN)

(COMMUNIQUÉ DE PRESSE) SINGAPORE, 3-Oct-2022— /EuropaWire/ — Swiss Re, le deuxième réassureur mondial, a annoncé un nouveau partenariat avec Indonesia Re (PT Reasuransi Indonesia Utama), une société entièrement détenue par la République d’Indonésie, visant à soutenir les décisions de souscription … Read the full press release

Walter B. Kielholz, Swiss Re’s Honorary Chairman, to receive the highest form of national recognition by the Singapore Government for non-Singaporeans

(PRESS RELEASE) SINGAPORE, 25-Aug-2022 — /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced that its Honorary Chairman Walter B. Kielholz will be the recepient of the 2020 Singapore Honorary Citizen Award, which is the highest form of national … Read the full press release

Walter B. Kielholz, président honoraire de Swiss Re, recevra la plus haute forme de reconnaissance nationale du gouvernement de Singapour pour les non-Singapouriens

(COMMUNIQUÉ DE PRESSE) SINGAPORE, 25-Aug-2022 — /EuropaWire/ — Swiss Re, le deuxième réassureur mondial, a annoncé que son président honoraire Walter B. Kielholz sera le récipiendaire du Singapore Honorary Citizen Award 2020, qui est la plus haute forme de reconnaissance … Read the full press release

Leadership changes at Swiss Re in Asia and North America

(COMMUNIQUÉ DE PRESSE) ZÜRICH, 18-Mar-2022 — /EuropaWire/ — Swiss Re, le deuxième réassureur mondial, a annoncé deux nouvelles nominations en Asie et en Amérique du Nord. Ivan Gonzalez a été nommé CEO Reinsurance China et China Country President avec effet … Read the full press release

Leadership changes at Swiss Re in Asia and North America

(PRESS RELEASE) ZÜRICH, 18-Mar-2022 — /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced two new appointments in Asia and North America. Ivan Gonzalez has been appointed CEO Reinsurance China and China Country President in effect as of 1 … Read the full press release

Pravina Ladva to lead Swiss Re’s technology related activities

(PRESS RELEASE) ZÜRICH, 16-Dec-2021 — /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced the appointment of Pravina Ladva, Swiss Re’s current Group Digital Transformation Officer, as Group Chief Digital & Technology Officer. She will also become a member … Read the full press release

Leadership changes at Swiss Re’s Reinsurance Business Unit

(PRESS RELEASE) ZURICH, 18-Aug-2021 — /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced it made leadership changes at its Reinsurance Business Unit. As of 1 January 2022 Julie Stephenson will succeed Jason Richards as Global Head of Casualty … Read the full press release

Leading reinsurer Swiss Re and automotive technology company Veoneer partner over advanced driver assistance systems (ADAS)

Leading reinsurer and automotive technology company join forces on assessment of ADAS technology Veoneer to profit from Swiss Re’s data and knowledge to improve ADAS technology Veoneer’s expertise on ADAS hardware and software technologies to feed into and enhance Swiss … Read the full press release

Thierry Léger to succeed Edi Schmid as Group Chief Underwriting Officer at Swiss Re

(PRESS RELEASE) ZURICH, 19-Jun-2020 — /EuropaWire/ — The world’s second-largest reinsurer Swiss Reinsurance Company Ltd, (Swiss Re) has announced leadership changes as well as changes to its Life Capital Business Unit. Starting from 1 September 2020 the reinsurer will have … Read the full press release

IKEA rolls out home insurance in Switzerland and Singapore in partnership with white-label insurance digital platform iptiQ

IKEA rolls out home insurance in Switzerland and Singapore in partnership with white-label insurance digital platform iptiQ

(PRESS RELEASE) ZURICH, 18-Feb-2020 — /EuropaWire/ — Swiss Re owned white-label insurance provider iptiQ partners with IKEA over making home insurance more accessible and affordable. The two companies will launch a home insurance offering called HEMSÄKER, which can be arranged … Read the full press release

Swiss Re and Security First Insurance partner on breakthrough in flood protection for Florida residents

ZURICH, 31-Jul-2018 — /EuropaWire/ — Swiss Re and Security First Insurance have entered into an agreement that enables Florida residents to include water damage, including flood coverage, in their homeowners policy. The joint venture represents a breakthrough in flood protection as … Read the full press release

Jerome Jean Haegeli to succeed Kurt Karl as Swiss Re’s Group Chief Economist at the Swiss Re Institute

ZURICH, 22-Nov-2017 — /EuropaWire/ — As of 01 January 2018, Jerome Jean Haegeli will become Swiss Re’s Group Chief Economist at the Swiss Re Institute. Current Group Chief Economist Kurt Karl will retire at the end of December 2017 after six … Read the full press release

Swiss Re makes ESG considerations an integral part of its investment process

Swiss Re is among the first in the re/insurance industry to switch to benchmarks that systematically integrate environmental, social and governance (ESG) criteria Publication launched today by Swiss Re explains why ESG integration makes economic sense for long term investors … Read the full press release

Swiss Re: 20 new emerging risk themes and six emerging trends in this year’s SONAR re/insurance report

Swiss Re’s latest SONAR report features 20 new emerging risk themes and six emerging trend spotlights the re/insurance industry should have on its radar Reduced market access, regulatory fragmentation, the return of inflation, and cloud risk accumulation pose the largest … Read the full press release

Swiss Re to adopt recommendations of the Task Force on Climate-Related Financial Disclosures

Swiss Re adopts recommendations of Task Force on Climate-Related Financial Disclosures Climate-related risks and the expected transition to a lower-carbon economy affect most economic sectors and industries More data will enhance how climate-related risks and opportunities are managed Contributing to … Read the full press release

Total economic losses from disasters in 2016 were at least USD 158 billion according to Swiss Re preliminary sigma estimates

Total economic losses from natural catastrophes and man-made disasters are estimated to be USD 158 billion in 2016 Insured losses from disaster events were around USD 49 billion Approximately 10 000 people lost their lives in disaster events in 2016 … Read the full press release

Aegon, Allianz, Munich Re, Swiss Re and Zurich launch the Blockchain Insurance Industry Initiative B3i

Aegon, Allianz, Munich Re, Swiss Re and Zurich have launched the Blockchain Insurance Industry Initiative B3i aiming to explore the potential of distributed ledger technologies to better serve clients through faster, more convenient and secure services. If Blockchain technology proves … Read the full press release

Swiss Re Capital Markets: Security First Insurance’s USD 75 million debut catastrophe bond successfully placed

ZURICH, 13-Jun-2016 — /EuropaWire/ — Swiss Re Capital Markets has successfully structured and placed the issuance of USD 75 million of insurance-linked securities by First Coast Re Ltd. on behalf of Swiss Reinsurance Americas Corporation (“SRAC”), which acted as transforming entity … Read the full press release

Swiss Re at World Bank /IMF in Lima: gap between insured and total losses is widening while many disaster-prone countries lack financial preparedness

Disaster risks are increasing but insurance hasn’t kept pace: the estimated USD 1.3 trillion gap between insured and total losses remains stubbornly large, hampering a country’s ability to recover Governments are uniquely exposed as they typically shoulder the cost of … Read the full press release

Swiss Re: total economic losses from natural catastrophes and man-made disasters reached USD 37 billion in H1 2015

Total economic losses from disaster events reached USD 37 billion in H1 2015 Insured losses from disaster events were USD 16.5 billion in H1 2015 Natural catastrophe-related insurance claims were USD 12.9 billion in the first six months of the … Read the full press release

Swiss Re reports a strong Group net income of USD 1.4 billion for the first quarter of 2015

Strong Group net income of USD 1.4 billion and ROE of 16.1%, driven by profitability across all Business Units and strong investment results Property & Casualty Reinsurance net income of USD 808 million and ROE of 22.7%, reflecting sound underwriting … Read the full press release