Tag Archives: Swiss Re

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