Swiss Re Archives - Page 2 of 30

Severe Storms Have Already Led to $34B in Insured Losses This Year

Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss ...

Severe Convective Storms Dominate Insured Natural Disaster Losses in H1: Swiss Re

Global natural catastrophes cost insurers $50 billion in the first half of 2023, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, ...

Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report

Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions about reserve adequacy for property/casualty insurers, ...

Executives on the Move at Farmers, Hiscox, Swiss Re

Farmers Insurance announced that Kevin Yoo will join the organization as chief claims officer effective July 12.

Yoo has an extensive ...

Personal Lines Driving Premium Growth; Commercial Lags: Swiss Re Analysis

After 15 consecutive quarters of lagging premium growth in commercial lines, personal lines became the main driver again, according to a Swiss Re report released last week. According to the ...

Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re

Climate change is the cause of a key emerging risk identified by Swiss Re's SONAR report, which is leading to the opening of previously frozen waterways in the Arctic and the creation of new shipping ...

Viewpoint: Closing the Gap on Insurance to Value in Property Policies

Inadequate valuation of physical assets in property policies results in a shortfall in premium collected, which in turn hinders the ability to rebuild fully after a ...

Swiss Re Becomes Fourth Insurer to Leave Net Zero Group

Swiss Re is quitting the world's main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry's biggest companies.

Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re

While the January reinsurance renewals proved to be the toughest and most grueling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much ...