Swiss Re News
Disaster-Prone Philippines Taps Catastrophe Bonds
The Philippines, among the world's most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. ...
Insurance Premiums Will Grow 3 Percent Despite Economic Slowdown: Swiss Re
Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report. Rising loss costs will fuel ...
Zego Becomes First UK InsurTech to Win Its Own Insurance License
Zego has become the first U.K. InsurTech to be awarded its own insurance license, which will enable it to build and sell its own products. While Zego will still work in tandem with its growing ...
The Future of InsurTech Innovation Is Intertwined With Regulation
It's no secret: Innovators and regulators often clash. But both are needed to help enable a dynamic, consumer-friendly property/casualty industry in the future, insurance and InsurTech industry ...
Executives On The Move at AXIS and Marsh
A Swiss Re veteran is joining AXIS Capital Holdings' AXIS Re to lead its North America division. Marsh created a new position in the aviation practice of its Marsh JLT Specialty arm.
Swiss Re Hit With Ethiopian Airlines, MAX and Natural Catastrophe Claims
Swiss Re's first-half net profit fell 5.3 percent, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of the Boeing 737 MAX, plus natural catastrophes took their toll. ...
Swiss Re, Citing Weak Demand, Suspends IPO of ReAssure Unit
Swiss Re AG said it suspended the initial public offering of ReAssure Group Plc, as a plan that would have put a value of as much as $4.1 billion on the U.K. unit fizzled due to weak investor demand. ...
Swiss Re’s Proposed Spinoff of ReAssure Valued at Up to $4.2B
UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday. Swiss Re, ...
Swiss Re Confirms ReAssure’s Plan for London IPO
Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the business firepower to expand its closed life and pension business. The ...