News Updates:



Reinsurance / 12-06-24 / Kwanele Sibanda

Swiss Re explores cascading effects of natural disasters, other key emerging risks

"We live in a world characterised by interconnected crises, which in turn can give rise to new risks. For re/insurers, it is key to anticipate trends and understand how major global issues such as climate change, economic uncertainty or geopolitical…

Reinsurance / 28-05-24 / Chris Smit

Health sector most at risk from AI-related threats: Swiss Re Institute analysis

"While IT services are currently the most affected by AI risks as a pioneer in this area, this is set to change as the use of technology becomes more widespread across all industries, such as in health and mobility," says Christoph Nabholz,…

Reinsurance / 22-05-24 / Kwanele Sibanda

Swiss Re appoints Beat Strebel as CEO Reinsurance China and China Country President

Following last week's announcement of the appointment of Ivan Gonzalez as CEO Corporate Solutions and member of the Group Executive Committee, Swiss Re announced the appointment of Beat Strebel as CEO Reinsurance China and China Country President,…

Reinsurance / 16-05-24 / Kwanele Sibanda

Swiss Re reports a first-quarter IFRS net income of $1.1bn

"Swiss Re had a good start to the year, with all our main businesses posting strong results. This reflects continued underwriting discipline, a strong return on investments and effective management of operating expenses," says Swiss Re's Group…

Reinsurance / 16-05-24 / Kwanele Sibanda

Hannover Re increases quarterly profit to €558m

"We can look back on a rather benign quarter as regards large losses. We had a good start into the year, putting us on track to achieve our full-year profit target," said Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re.

Reinsurance / 14-05-24 / Chris Smit

Hannover Re increases quarterly profit to €558m

"We can look back on a rather benign quarter as regards large losses. We had a good start into the year, putting us on track to achieve our full-year profit target. At the same time, with the recent treaty renewals we have put in place a solid…

Reinsurance / 08-05-24 / Chris Smit

Hannover Rück SE AGM approves dividend increase, appoints new Supervisory Board

In his address, Chief Executive Officer Jean-Jacques Henchoz looked back on the successful financial years of the past strategy cycle, highlighting how reliably Hannover Re delivered on its promises in the years from 2021 to 2023 in the face…

Reinsurance / 29-04-24 / Tau kaVodloza

Claire McDonald appointed CEO of SCOR Business Solutions and to SCOR’s ExCo

“I am delighted to welcome Claire to the Executive Committee. In addition to her extensive track record, her recognized leadership qualities together with her innovative and forward-thinking mindset will be a valuable asset for SCOR. I extend…

Reinsurance / 24-04-24 / Kwanele Sibanda

Swiss Re launches Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant

"We are excited to bring Generative AI to our clients who can now leverage this new feature to improve their underwriting process. Our ambition is to provide insurers access to the risk perspective we have built into Life Guide in an even more…

Reinsurance / 24-04-24 / Kwanele Sibanda

Munich Re to strengthen local P&C Underwriting with revised set-up in Asia Pacific & Africa

"Munich Re has grown strongly and profitably in Asia Pacific & Africa in recent years. One building block of this success has been the transfer of know-how and decision-making authorities to the region. We are now taking the next step in this…

Reinsurance / 17-04-24 / Kwanele Sibanda

Hannover Re appoints Thorsten Steinmann to the Executive Board to succeed Michael Pickel

"In Thorsten Steinmann, we have been able to appoint an accomplished executive with a highly successful track record in both the insurance and reinsurance industry. I wish him every success in his new role," said Torsten Leue, Chairman of the…

Reinsurance / 17-04-24 / Duty Editor

Swiss Re shareholders approve all proposals at 2024 AGM

"I would like to thank shareholders for their support and trust in me. Since joining the Board of Directors seven years ago, my appreciation for Swiss Re has only grown. I look forward to continuing to work with the Board of Directors and the…

Reinsurance / 05-02-24 / Kwanele Sibanda

SCOR to lead offshore renewable energy consortium

“Offshore renewable projects will play a key role in global efforts to provide clean, affordable and reliable energy and it is crucial that our industry steps up to facilitate such progress," says Oliver Paine, SCOR offshore global segment leader.

Reinsurance / 17-01-24 / Tau kaVodloza

Record thunderstorm losses and deadly earthquakes: the natural disasters of 2023

"The extremely high insured losses from natural disasters underline the important role that insurance plays in cushioning the consequences, and comprehensive data and in-depth knowledge of changes in risks remain key factors when designing covers…