Swiss Re
Founded in Zurich, Switzerland in 1863, Swiss Re Group is a global wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. The firm has over 70 offices around the the world.
See below for the Latest Swiss Re News, Analysis, Profit Results, Share Price Information, and Commentary.
Swiss Re's innovation drive targets Southeast Asia
Select entrepreneurs will participate in a 6-month programme starting in Jan. 2025.
Swiss Re's innovation drive targets Southeast Asia
Select entrepreneurs will participate in a 6-month programme starting in Jan. 2025.
Swiss Re realigns business units after Ojeisekhoba’s departure
Ivan Gonzalez will soon be CEO of Corporate Solutions.
Swiss Re posts $1.1b net income in Q1’24
Insurance revenue reached $11.5b.
Swiss Re to roll out AI tool for better decision-making
The initiative is set for a broader rollout later in the year.
Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.
Record-breaking Nat Cat causes $108b insured losses in 2023, says Swiss Re
Over the past 30 years, insured losses from Nat Cat have outpaced global economic growth
Swiss Re board proposes 6% dividend increase
Backed by a sturdy capital position, Swiss Re's board advocates for a 6% dividend raise, amounting to $6.80 per share.
Asian economies at higher financial risk from climate hazard intensification, warns report
The Swiss Re Institute emphasised insurance’s role in risk mitigation.
S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss Re
Its life and health reinsurance segment is projected to reach $1.5b in profits.
Swiss Re targets $3.6b 2024 earnings after robust 2023 performance
Its P&C business leads with $1.9b.
India set for expansion in 2023, premiums to swell in the next 10 years
Despite an upward forecast, the sector still faces an average of $8b annual economic loss from natcat.
Economic slowdown challenges insurance underwriting; emerging markets show promise
Swiss Re Institute analyst underscored that real premium growth in emerging markets, including China, outpaces the more advanced economies.
Swiss Re upbeat about growth of insurance sector
As a cautionary note, an economist said fixed annuities face potential decline as higher Interest rates shift consumer preferences.
Natural catastrophes drive insured losses to record levels in 2023 – Swiss Re
Insured losses in the year alone have surpassed $100b, driven by thunderstorms.
Global economic slowdown fueled by increased interest rates from major banks
Asia Pacific's insurance premiums are expected to climb 2.3%. In the next two years.
Swiss Re predicts $4t surge in life savings premiums by 2033 amid pension and retirement savings concerns
An estimated retirement savings gap of $106t exists across government-provided, employer-based, and individual pension savings in eight major economies in 2022.
Swiss Re aims for $3.6b in net income amidst IFRS shift
Its SST ratio is perceived to be unaffected by the shift to IFRS.