Company: Swiss Re Page 1 / 2
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- April 18 2024
Hong Kong’s national security law eases US$100m political violence concerns
The new law has lowered concerns of exposure to another event akin to the 2019 protest, still (re)insurers haven't relaxed underwriting considerations.
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- April 4 2024
New normal of US$100bn annual nat cat losses calls for greater resilience
The pace of the widening protection gap for natural catastrophes is increasing, and Swiss Re has urged for meaningful climate adaptation and resilience programs
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- April 3 2024
Andreas Berger to take charge as Swiss Re group CEO as Mumenthaler steps down
Berger, who is currently heading Swiss Re CorSo, will assume the group role from July 1.
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- March 19 2024
Swiss Re elevates Amitabha Ray as India CEO
Mumbai-based Ray takes over from Hadi Riachi, who is moving to Swiss Re CorSo as head of global underwriting centre.
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- February 29 2024
Asia dominates world’s top-ten countries most exposed to weather perils: Swiss Re
In a ranking of 36 countries, the Philippines ranks as the most economically-exposed nation to climate change-induced property damage losses. Thailand, China, Taiwan, India also rank high.
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- February 5 2024
Swiss Re names cyber leadership roles for Asia and the UK
Giv Kahrom joins as head of cyber Asia as the global reinsurance group expands its treaty client base.
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- January 24 2024
Election-packed 2024 revs up appetite for political risk cover
While the appetite for global programs has significantly reduced, single-country appetite remains relatively deep and is expected to see a boost in the product’s popularity over the coming months.
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- January 16 2024
India to top G20 with non-life premiums forecast to grow at 8.3%
Total insurance premium is forecast to grow at 7.1%, well above the global average of 2.4%, says Swiss Re.
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- December 15 2023
Swiss Re International to take over defunct Target Insurance’s EC policies
The 32 in-force employee compensation policies issued by the Hong Kong taxi insurer will be transferred from April 1, 2024.
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- November 15 2023
KB Insurance completes US$100m loss portfolio transfer deal with Swiss Re
With the Howden Tiger arranged deal, the Korean carrier will transfer its US commercial multiperil and workers’ compensation lines' net loss and unearned premium reserves to the reinsurer as part of the insurer's US branch wind down plan.
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- November 1 2023
SIRC: Renewables, underinsurance, nat cats and cyber risks are reinsurance’s APAC focal point — CEOs
The panel, chaired by James Vickers, international chairman at Gallagher Re, was Renaud Guidée, CEO - reinsurance, Axa XL, Achim Kassow, member of the board of management, Munich Re and Swiss Re's Urs Baertschi, CEO, P&C Reinsurance.
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- September 12 2023
Swiss Re’s Mael He becomes head of client underwriting, China
Prior to the appointment this month, He was heading the reinsurer's APAC agriculture business.
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- July 12 2023
Jacques de Vaucleroy proposed as next Swiss Re chairman
The board unanimously approved current vice-chairman de Vaucleroy's elevation following an extensive selection process launched since the departure of Sergio Ermotti in April.
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- May 23 2023
Swiss Re leaves the Net-Zero Alliance
This is the fourth recent exit of a member following the departures of Hannover Re, Zurich and Munich Re.
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- March 27 2023
How to build more inclusive insurance markets
In APAC, accessibility appears to be one of the most significant factors for the lack of L&H insurance inclusion.
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- March 22 2023
Droughts in China and Australia floods push 2022 nat cat insured bill above US$100bn: Swiss Re
Hurricane Ian, inflation and growing property exposure were also key drivers for claims last year.
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- March 8 2023
Swiss Re secures US$700m alternative capital from JP Morgan
The stop-loss protection will run across the financial years 2023 to 2027 covering severe underwriting losses.
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- March 3 2023
Swiss Re, Aon team up for parametric earthquake cover for Nepal hydropower project
This is the first time that the IFC and other developmental agencies have agreed to finance a construction project backed by parametric insurance.
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- December 7 2022
Confronting inflation to avoid playing catch up at renewals
Insurers must anticipate higher rates and increasing retentions, and engage early to avoid missing out or paying a heavy price, says Swiss Re’s Mark Senkevics.
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- September 23 2022
‘Hardening continuing into the coming renewal’: Swiss Re’s Paul Murray
The reinsurer is withdrawing capacity from frequency-driven nat cat events and doubling down on ‘sweet spot’ high layers in Asia.
