Swiss RE
Reinsurer Swiss Re estimated a big disaster bill in 2010
Disasters killed 15,000 people and cost the world 62 billion dollars in 2009, but the insurance industry could face a financial bill five times...
Chile : Swiss Re estimates that earthquake may cost up to 7 billion dollars to insurers
Reinsurance giant Swiss Re on Wednesday estimated that insurers will have to pay up to 7.0 billion dollars (5.16 billion euros) for damages arising...
Swiss Re edges back to profit-making
One of the world's biggest reinsurers, Swiss Re, on Thursday reported a 506-million-Swiss-franc annual net profit in 2009, edging away from a record loss...
Aon Benfield joins leading reinsurers in support of ACORD
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, has joined forces with a group of leading reinsurers to promote the use of...
Swiss RE and Zurich Financial in agreement to discuss executive pay and bonuses
Geneva-based activist shareholder Ethos said Friday insurers Swiss Reinsurance Co. and Zurich Financial Services AG have agreed to arrange advisory polls of shareholders on...
Swiss Re obtains $150 million of natural catastrophe protection
Swiss Re has obtained USD 150 million protection for California earthquake risk through the Redwood Capital XI Ltd. catastrophe bond programme.
Swiss Re has entered...
The challenges and opportunities in commercial liability insurance
According to the Swiss Re’s new sigma study, Commercial liability is the next challenge for businesses and their insurers, and it becomes more and...
Swiss Re announces first public-private longevity transaction, providing longevity risk cover to a local government pension fund in the UK
Swiss Re has entered into its first longevity transaction with a pension fund. With this transaction, Swiss Re will provide the UK’s Royal County...
Swiss Re advocates practical implementation of climate adaptation measures at COP15 to support urgent action by countries at risk
Swiss Re representatives are participating at the COP 15 negotiations in Copenhagen, representing the Swiss Insurance Association as part of the official Swiss delegation....
Swiss Re to provide an update about its cycle management, portfolio steering and risk management
Swiss Re’s Investors’ Day conference today will provide insight into some of the key drivers and processes behind its core business, focusing on cycle...
Swiss Re obtains $150 million of natural catastrophe protection through new Successor X programme
Swiss Re has obtained USD 150 million protection for North Atlantic hurricane, European windstorm and California earthquake through the Successor X catastrophe bond programme.
Swiss...
Six insurance companies on systemic risk list
The list includes six insurance companies – Axa, Aegon, Allianz, Aviva, Zurich and Swiss Re – which sit alongside 24 banks from the UK,...
Swiss Re obtains $75 million of extreme mortality risk protection through new Vita Capital programme
Swiss Re today announced the transfer of USD 75 million of extreme mortality risk in the U.S. and UK to the capital markets through...
Swiss RE publish Solvency II standard formula report
Under Solvency II, insurers have a choice of which methods they use to assess risk and capital. While some insurers will opt for the...
Spain fines insurance groups over price fixing
Spain's competition regulator Thursday fined six insurance and reinsurance companies a record 120.7 million euros (179 million dollars) for alleged price-fixing in the construction...
Swiss Re returns strong profit in third quarter and announced 1,000 jobs cuts
Swiss Re, one of the world's biggest reinsurers, on Tuesday returned to strong profit in the third quarter, cautiously turning its back on losses...
Swiss Re heads to Baden-Baden with a strong appetite for high-quality business
Swiss Re is very well positioned to enter this year’s renewal discussions in Baden-Baden. Swiss Re will use the week ahead to emphasise its...
Swiss Re has won Malaysian central bank approval to start up an Islamic reinsurance business
Swiss Re today announced that it has received a composite licence from Bank Negara Malaysia to write Retakaful business, and opened a dedicated Retakaful...
Swiss RE to contribute research to help countries vulnerable to climate catastrophe
Swiss Re, Oxfam America, The Rockefeller Foundation and The International Research Institute for Climate and Society at Columbia University (IRI) announced a joint Commitment...
Swiss RE reports climate change risks could cost developing countries up to 19% of GDP by 2030
A report from the Economics of Climate Adaptation Working Group released today indicates that climate risks could cost nations up to 19% of their...
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