Swiss RE
Swiss Re : warns that the economic environment is still turbulent
Swiss Re warns that the economic environment, in the wake of the financial crisis is still very challenging and turbulent.
The industry is moving...
Swiss Re : net profit of USD 960 million for the second quarter 2011 and return on equity of 15.6%
Swiss Re reports a Group net income of USD 960 million in the second quarter of 2011, compared to income of USD 812 million...
Aon / Swiss Re : partner to implement ACCORD messaging services
Swiss Re and Aon Benfield today announced that they have successfully implemented automated technical accounting, claim and cash transactions using Association for Cooperative Operations...
China : more Chinese plan to buy insurance as awareness of risk rises
A study released by Swiss Re shows that 72 per cent of Chinese plan to purchase insurance in the next year. The main reasons...
S&P: Swiss Re’s Mortality Catastrophe-Indexed notes issued by Vita Capital assigned preliminary ratings
Standard & Poor's Ratings Services said that it assigned preliminary ratings to the $100 million principal-at-risk variable-rate mortality catastrophe-indexed series V class D notes...
China : will become second biggest insurance market
China is expected to become the second-biggest insurance market in the next 10 years, reinsurer Swiss Re said on Wednesday, noting that the Asian...
Swiss Re : latest Sigma Study “World insurance in 2010”
According to Swiss Re’s latest "World insurance in 2010" sigma study, world insurance premium volume increased 2.7% on an inflation-adjusted basis. Life premiums rose...
Europe drought leading to more property damage
Increasing occurences of drought have led to a jump in European insurance claims for damage to homes owing to subsiding soil, a study by...
Swiss Re : leadership structure brought into line with legal entity set-up
Swiss Re is completing adjustments to its leadership structure to reflect the company’s new legal entity set-up. Stefan Lippe will continue to lead the...
Swiss Re : joins Ethiopian micro-insurance project
Swiss Re is to reinsure a five-year project that provides drought insurance for crops in Ethiopia, in a micro-insurance programme developed by the World...
Swiss Re : Swiss Re to acquire selected life insurance business from American Life Insurance Company
Swiss Re will acquire approximately 300 000 policies and GBP 1.6 billion in assets from American Life Insurance Company. The transaction demonstrates Swiss Re's...
New ways to pay for disaster relief
Governments are looking for new ways to meet the spiralling costs of disaster relief and the private sector is willing to get involved because...
Strategic alliance for Swiss Re and PRO
Tawa plc’s subsidiary, PRO Insurance Solutions (’PRO’) and Swiss Re Europe S.A. German Branch (’Swiss Re’) today announced a strategic alliance for the German...
Cost of disasters tripled in 2010
The global cost of natural and man-made disasters more than tripled in 2010 to $218 billion (154 billion euros), reinsurer Swiss Re said Tuesday,...
Swiss Re : sigma study reveals that natural catastrophes and man-made disasters caused economic losses of USD 218 billion and cost insurers USD 43 billion
According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were USD 218 billion in 2010, more than...
Kyrgyz project wins 2011 International ReSource Award for Sustainable Watershed Management
A project to establish the sustainable management of the Chon-Aksuu River watershed in Central Asia has won the 9th Swiss Re International ReSource Award...
Swiss Re shares drop amid Japan quake
Shares in Swiss Re, one of the world's biggest reinsurers, fell 4.6 percent in early trading on Friday after Japan was struck by its...
New Zealand quake to cost insurers up to USD12 billion
Swiss Re estimated Wednesday that February's New Zealand earthquake would cost insurers up to $12 billion. "The total insured claims for the insurance sector...
Swiss Re obtains USD 305 million in natural catastrophe protection
Swiss Re has obtained another USD 305 million in protection through the Successor X Ltd. catastrophe bond programme, covering North Atlantic hurricane and California...
Swiss Re profits soar 74%
Swiss Re announced its 2010 net profit soared 74 percent to $863 million (635 million euros) but it still fell well short of analyst...
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