Swiss Re News
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2
Munich Re for the second-straight year holds the top spot in AM Best's annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers ...
Floods, Storms Drive Global Insured Catastrophe Losses of $38B in H1 2022: Swiss Re
A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number of thunderstorms in the U.S. and Europe resulted in $35 billion in insured losses from ...
$7T in Premiums, Continued Hardening and Inflation’s Silver Lining: Swiss Re
Swiss Re's economists predict "inflationary recessions" hitting major world economies over the next 12-18 months, and while recessions spell less insurance demand and inflation means higher claim ...
The Global Urgency of Building the Carbon Removal Industry
"If you build it, they will come." This famous, but paraphrased, quote from the film "Field of Dreams" is apropos of the fledgling carbon removal industry. The demand is there, but supply needs to be ...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero
Ditching investments in fossil fuel businesses—and denying them insurance—aren't the only ways for the insurance industry to participate in the drive to net zero greenhouse gas emissions, ...
Preparing for InsurTech’s Second Act: Embedded Insurance
The InsurTech industry has been around for about a decade, and experts say that while it has succeeded in bringing new entrants into the industry, it has struggled at times with distribution and ...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll
Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such as the war in Ukraine, higher-than-expected natural catastrophes and the ongoing COVID-19 ...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth
Swiss Re has secured $1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period. Swiss Re said the transaction supports its "growth ...