swiss re


Swiss Re sees mid-triple-digit million loss for July floods & South Africa riots

Global reinsurance giant Swiss Re reported its first-half results this morning and revealed that it expects a mid-triple digit million combined loss from the severe flooding in Europe in July and also the unrest and rioting seen in South Africa. The reinsurance firm reported $1 billion of first-half profits, while net-income read the full article →

Swiss Re releases capital by selling £437m Phoenix shares

Global reinsurance firm Swiss Re has released UK £437 million of capital by selling a chunk of its shareholding in the largest European pension and life consolidator Phoenix Group Holdings. Swiss Re acquired the shares in Phoenix Group Holdings when it sold its ReAssure business to the company in 2019. The reinsurance read the full article →

Sidecars helped Swiss Re attract capital in difficult times: CEO Mumenthaler

The alignment inherent in the collateralised reinsurance sidecar vehicles that Swiss Re operates has helped the company to attract fresh ILS capital even during difficult times, the firms CEO Christian Mumenthaler told us. Speaking in a recent Artemis Live video interview, Mumenthaler explained how the world's largest reinsurer Swiss Re is read the full article →

Artemis Live: Interview with Christian Mumenthaler, CEO, Swiss Re

Christian Mumenthaler, Chief Executive Officer of the world's largest reinsurance company Swiss Re, joined us this month, to discuss how his company has fared since the pandemic, the state of the market and what his outlook and priorities are for 2021. Mumenthaler discussed a wide range of topics, from the current read the full article →

Swiss Re finally extricates capital from closed life business, sells ReAssure

Global reinsurance firm Swiss Re has finally achieved its long-held goal of freeing up some of its capital that was locked up in its closed life insurance book consolidator and is set to sell its ReAssure business to Phoenix Group. As far back as 2011, Swiss Re regularly discussed its desire read the full article →

Cordioli named Swiss Re CFO Reinsurance as Lohmann returns to Credit Suisse

Swiss Re has named Claudia Cordioli as its new CFO Reinsurance after incumbent Gerhard Lohmann resigned to move back to the investment bank Credit Suisse. Claudia Cordioli is currently the Head Western & Southern Europe (WSE) for reinsurance at Swiss and will take on the Chief Financial Officer (CFO) role in read the full article →

Swiss Re expects $1.4bn Q3 large loss hit after retrocession

Global reinsurance company Swiss Re has estimated that its third-quarter 2018 large loss burden will amount to roughly $1.4 billion after retrocession, with natural catastrophes driving the majority and typhoon Jebi the most costly event of the quarter. Swiss Re said that it anticipates a $1.1 billion hit due to natural read the full article →

Risk knowledge key, as reinsurers shift to become less traditional: Swiss Re

"We are transitioning into a risk knowledge company that invests into risk pools with long-term growth potential," explained Swiss Re Group CEO Christian Mumenthaler in the reinsurance firms recent annual report. It's a statement that demonstrates Swiss Re's ambition to no longer be seen as just another reinsurance company as it read the full article →

Swiss Re binds less renewals as prices decline, business model adjusts

Reinsurance firm Swiss Re underwrote 18% less renewal business at the 1st January 2017, renewing $8.5 billion of a possible $10.3 billion, as it continues to navigate softening reinsurance markets and looks to protect its profitability. The reinsurer cites "disciplined underwriting" and a reduction in capacity across almost all of its read the full article →

Swiss Re misses Q4 consensus, losses & pricing impact full-year result

Global reinsurance firm Swiss Re reported its fourth-quarter and full-year 2016 results this morning and impacts from large catastrophe losses, man-made losses and the continued pressure from soft market pricing, all impacted the figures. For Q4 2016 Swiss Re experienced a loss in its Corporate Solutions, due to man-made losses and read the full article →