All Swiss Re articles – Page 4
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NewsSwiss Re sees rising premium trend intact
The trend of rising reinsurance premiums, driven by high claims payments related to the coronavirus pandemic and a record hurricane season, is continuing as the next policy renewal round looms on July 1, Swiss Re said on Thursday.
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NewsCOVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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NewsSwiss Re Q1 net income of $333mln P&C Re combined ratio 96.5%
Swiss Re’s Group Chief Financial Officer John Dacey said: “The return to profitability this quarter in our property and casualty businesses underlines the earnings potential of our diversified business model.
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NewsSwiss Re publishes its 2020 Financial Condition Report
Swiss Re today published the 2020 Financial Condition Report for the Swiss Re Group and regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2020.
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NewsSwiss Re announces ambitious climate targets; accelerates race to net zero
Swiss Re today announced new measures to support the transition to a net-zero economy, encompassing both asset management and underwriting as well as its own operations.
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NewsSwiss Re reports strong underlying performance in 2020, despite large losses related to COVID-19
Swiss Re reported a Group net loss of USD 878 million for 2020. Excluding USD 3.9 billion of COVID-19-related claims and reserves (pre-tax) for the year, Swiss Re’s net income was USD 2.2 billion, a material increase from USD 727 million in 2019. Based on the Group’s ...
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NewsSwiss Re and Diameter Health join forces for breakthrough in digital health data
Swiss Re and Diameter Health join forces to offer first-ever scalable solution to use electronic clinical health data for life insurance underwriting.
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NewsInsurers face ‘mind-blowingly’ large loss if Olympics cancelled
Insurers are facing a $2-3 billion loss if the Tokyo Olympics are cancelled this year, amounting to the largest ever claim in the global event cancellation market, brokers say.
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NewsThe Journal, 3rd edition: Construction Risk
StrategicRISK and Swiss Re Corporate Solutions launch the third edition of The Journal examining construction risk
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NewsContingent BI fallout presents opportunities for new products – Swiss Re
Property and casualty market head says this could be ‘a very valuable product’ moving forward
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NewsSwiss Re to create new fund for institutional and designated professional investors to access natural catastrophe business
With this approval, the company will manage a standalone fund company, 1863 Fund Ltd, which will allow investors a new avenue to access Swiss Re’s natural catastrophe business.
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NewsSwiss Re confirms targets as it grapples with pandemic
The reinsurer has swung to a loss in the first nine months of 2020 as it and competitors faced large claims from the pandemic as well losses from hurricanes and wildfires in the United States.
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NewsThere would be significant cyber losses in the next 10 years: Christian Mumenthalerm
“I’m not predicting it, but I think it’s likely that we’re going to have some significant cyber losses in the next 10 years, at some stage. I can’t say, we can cover all cyber risks in the next 20 years,” said Mumenthaler while speaking at a fireside chat at ...
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NewsSwiss Re swings to 9-month net loss amid pandemic
This result reflects a strong performance in the third quarter, with Group net income of USD 444 million. Reinsurance increased its net premiums earned in the nine-month period, driven by improved market conditions and demand for large transactions.
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NewsSwiss Re puts pioneering data and analytics platform at the service of global health and joins The Trinity Challenge
Swiss Re is joining The Trinity Challenge, a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by harnessing the power of data and analytics. Swiss Re has integrated COVID-19 related health, economic and social data in one unique platform: the Risk Resilience Center. As a ...
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NewsSwiss Re and Daimler launch new company Movinx to transform automotive and mobility insurance business
Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new company called Movinx. Both shareholders of the 50/50 joint venture will leverage their complementary expertise to establish a new business model. The aim is to develop fully digital automotive ...
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AnalysisSwiss Re: Re/insurance in the Middle East and Pakistan: annual outlook and review 2020
Coronavirus has transformed the outlook for the economies and insurance industry in the Middle East and Pakistan, with recession expected this year. We expect the economic recovery to start in mid-2021, although downside risks include a resurgence in COVID-19 cases, new government lockdown measures, lower-for-longer oil prices and a low ...
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NewsSoutheast Asia to benefit from supply chain diversification
Global supply chains are undergoing fundamental and accelerated restructuring, the latest Swiss Re Institute sigma study
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NewsReinsurance price increases have been ‘timid’ so far, says Swiss Re CUO
Reinsurance price increases seen so far have been “timid,” according to Thierry Léger, group chief underwriting officer at Swiss Re AG.
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NewsSwiss Re sees positive outlook for renewals, further market hardening expected
Following rate improvements in many markets, and particularly in loss-affected segments, Swiss Re expects further rate hardening across all lines of business. At the same time, the reliance on underwriting profits increases in the low interest rate environment. Swiss Re also expects more opportunities for re/insurers due to a combination ...
