(IN BRIEF) Swiss Re is selling its iptiQ European P&C business to Allianz Direct, including its Luxembourg-based risk carrier, over 100 employees, and existing distribution agreements in several European markets. This move aligns with Swiss Re’s strategy to exit iptiQ, … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Insurance, Investment, Luxembourg, Management, News, Switzerland
Tagged acquisition, Allianz Direct, iptiQ European P&C Business, Jef Van In, Luxembourg, partnership, Philipp Kroetz, Swiss Re
(IN BRIEF) Swiss Re Institute predicts a significant upswing in profitability for the life insurance industry as global interest rates climb, with an estimated additional USD 1.5 trillion in global life savings premiums projected over the next decade. Higher interest … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Financial, investment, Jerome Jean Haegeli, Life Insurance Profits, Paul Murray, Swiss Re
(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
Posted in Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged AGM, appointment, Chairman, Financial, Geraldine Matchett, investment, Jacques de Vaucleroy, leadership, sustainability, Swiss Re
(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
Posted in Economy, Financial, Insurance, Switzerland
Tagged Australia, Austria, CHINA, climate change, economic losses, floods, GDP, INDIA, Intergovernmental Panel on Climate Change, IPCC, Japan, Jérôme Jean Haegeli, PHILIPPINES, property damage losses, severe thunderstorms, Swiss Re, Swiss Re Institute, Switzerland, Taiwan, THAILAND, tropical cyclones, US, US economy, weather perils, weather-related natural catastrophes, winter storms
(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
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Christian Mumenthaler, Financial, investment, John Dacey, Swiss Re
(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
(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
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Christian Mumenthaler, earnings, Financial, investment, John Dacey, Swiss Re
(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
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland, Technology
Tagged digitalization, insurance, Jérôme Haegeli, Pravina Ladva, Swiss Re
(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
Posted in Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Gianfranco Lot, Moses Ojeisekhoba, Reinsurance Market, sustainability, Swiss Re, Urs Baertschi
(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
(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
Posted in Business, Economy, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged ASIA, CHINA, economy, Global Economic Growth, inflation, Jérôme Haegeli, Li Xing, Swiss Re
(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
Posted in Business, Financial, Insurance, Investment, Management, News, Switzerland
Tagged Benekiva, Brent Williams, Carl Christensen, Claims Management Solution, partnership, Swiss 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
Posted in Business, Insurance, Management, News, Switzerland
Tagged Andreas Berger, Christian Mumenthaler, direction, gestion des risques, L&H Re, Moses Ojeisekhoba, P&C Re, Paul Murray, Réassurance, souscription, Swiss Re, Urs Baertschi
(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
Posted in Business, Insurance, Management, News, Switzerland
Tagged Andreas Berger, Christian Mumenthaler, L&H Re, leadership, Moses Ojeisekhoba, P&C Re, Paul Murray, reinsurance, risk management, Swiss Re, underwriting, Urs Baertschi
(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
(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
(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
(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
Posted in Awards, Financial, Insurance, Management, Switzerland
Tagged Autorité monétaire de Singapour, FinTech hub, gouvernement de Singapour, hub FinTech, M. Ravi Menon, Monetary Authority of Singapore, Mr Ravi Menon, national award, prix national, Singapore Government, Singapore Honorary Citizen Award, Swiss Re, Swiss Re Asia, Walter B. Kielholz
(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
Posted in Business, Insurance, Management, Switzerland
Tagged Andreas Berger, assurance, Ivan Gonzalez, Katie McGrath, nominations, Réassurance, Russell Higginbotham, Swiss Re
(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
Posted in Business, Insurance, Management, Switzerland
Tagged Andreas Berger, appointments, insurance, Ivan Gonzalez, Katie McGrath, reinsurance, Russell Higginbotham, Swiss Re
(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
(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
Posted in Business, Insurance, Management, News, Switzerland
Tagged appointments, CNA, insurance, insurer, Jason Richards, Julie Stephenson, leadership, Moses Ojeisekhoba, reinsurance, Reinsurance Business, Swiss Re
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
Posted in Automotive, Insurance, News, Security & Safety, Switzerland, Transportation & Logistics
Tagged ADAS, ADAS Risk Score, Advanced driver assistance systems, Automotive Technology, insurance, insurance rating, insurers, mobility, Pranav Pasricha, reinsurance, road crashes, road safety technologies, Steven Jenkins, Swiss Re, Veoneer
(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
Posted in Financial, Insurance, Management, News, Switzerland
Tagged appointment, Christian Mumenthaler, Edi Schmid, elipsLife, insurance, iptiQ, Swiss Re, Thierry Léger, underwriting, Walter B. Kielholz
(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
Posted in Insurance, Internet & Online, News, Sweden, Switzerland
Tagged Andreas Schertzinger, casualty insurance, digital insurance solutions, health insurance, HEMSÄKER, home insurance, Ikano Group, IKEA, IKEA Switzerland, iptiQ, Jessica Anderen, life insurance, property insurance, Singapore, Swiss Re, white-label insurance
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
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
Posted in Insurance, Switzerland
Tagged Jeffrey Bohn, Jerome Jean Haegeli, Kurt Karl, Swiss Re, Swiss Re Institute
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
Posted in Insurance, Investment, Switzerland
Tagged Deborah Yang, ESG, Guido Fürer, investment, Swiss Re
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
Posted in Insurance, Switzerland
Tagged Patrick Raaflaub, SONAR re/insurance report, Swiss Re
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 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 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
Posted in Germany, Insurance, Technology
Tagged Aegon, Allianz, Blockchain Insurance Industry Initiative B3i, Christof Mascher, Munich Re, Swiss Re, Zurich
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
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
Posted in Financial, Insurance, Switzerland
Tagged financial preparedness, IMF in Lima, Michel M. Liès, Swiss Re, World Bank
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
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
Posted in Business, Financial, Insurance, Management, Switzerland
Tagged David Cole, Michel M. Liès, Swiss Re
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