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Swiss Re’s Admin Re unit offloads U.S. life insurer Aurora

Reinsurance company Swiss Re has further rationalised its life focused Admin Re business unit with the announcement of the sale of its U.S. subsidiary Aurora National Life Assurance Company to Reinsurance Group of America (RGA).RGA has agreed to acquire 100% of the shares of Aurora National Life Assurance Company, a read the full article →

Swiss Re’s Admin Re to acquire pension business from HSBC UK

Reinsurance firm Swiss Re has entered into an agreement with HSBC to purchase over 400,000 individual and group pension and related annuity policies as well as GBP £4.2 billion in unit-linked assets from HSBC Life (UK) Limited.This is the first transaction from Swiss Re's Admin Re business unit in some time, read the full article →

Catastrophe bond markets total return 11% in 2013

The total return of the outstanding catastrophe bond market in 2013 has beaten the long-term average for the second year running, with the 2013 total return reaching a very healthy 10.9%, as measured by the Swiss Re Global Cat Bond Performance Total Return index.The 2013 total return of the catastrophe read the full article →

Swiss Re still seeking third-party capital support for Admin Re

Reinsurance firm Swiss Re is continuing to seek investment support for its Admin Re unit, with third-party capital providers an option it is open to, according to the reinsurers CEO Michel Liès.In November Swiss Re announced that its discussions with Phoenix Group Holdings, on the proposed tie up between the read the full article →

Catastrophe bond price return index slows rise in October

The inexorable rise of the Swiss Re Global Cat Bond Performance Price Return index, which tracks the price return for all outstanding USD denominated cat bonds and has been rising consistently since late July, has slowed as we move through October.The index, showing price returns of outstanding cat bonds, has read the full article →

2013 cat bond & catastrophe reinsurance investment returns on track

The outstanding catastrophe bond market returned over 1.5% in September, following on from an even healthier 1.7% return in August, demonstrating that despite declines in pricing, catastrophe bond returns remain a very attractive proposition for institutional investors.These figures are from the Swiss Re Global Cat Bond Performance Total Return Index, read the full article →

Cat bond price return index at highest point since Tohoku quake

After more than two and a half years the Swiss Re Global Cat Bond Performance Price Return index, which tracks the price return for all outstanding USD denominated cat bonds, has made it back to its highest level since the index plummeted after the Tohoku, Japan earthquake and tsunami.The index read the full article →

Spread tightening lifts secondary catastrophe bond indices

Spread tightening on catastrophe bonds exposed to U.S. wind risk has lifted the secondary cat bond market indices in recent weeks. Now deep in the middle of the Atlantic hurricane season, typical seasonality has returned to secondary cat bond prices and values have increased on hurricane exposed bonds.Throughout 2013 we've read the full article →

Sigma: H1 2013 global insured catastrophe losses $20 billion plus

Reinsurance firm Swiss Re's sigma unit, which analyses and quantifies economic and insured losses from natural and man-made catastrophe events in its reports, has put an estimate on global catastrophe losses from the first-half of 2013 at $56 billion of economic losses and over $20 billion of insured losses.These are read the full article →

Seasonality and supply continue to depress catastrophe bond indices

Both the price return and total return of the outstanding catastrophe bond market have been depressed in recent weeks by the onset of seasonality and a glut of supply in the secondary catastrophe bond market. The indices we track tell the story of a gradual slide in both metrics as read the full article →