The Swiss Re Institute has reported that global insured losses from natural catastrophes surged to $108 billion for the fourth consecutive year in 2023, with the earthquake in Turkey and Syria, severe convective storms (SCS) and large-scale urban floods acting as the main drivers. A news report from the Institute indicated that total global insured […]
Global reinsurance firm, Swiss Re, on Wednesday announced its acquisition of Fathom, Bristol, UK-based provider of water risk intelligence and flood models, under an arrangement that make the firm retain its own brand and work closely with the firm’s Reinsurance Solutions division to further develop and distribute its innovative flood and climate risk data, maps, […]
Swiss Re, one of the world’s largest reinsurers, in its latest research analysis has projected that natural catastrophes would surpass recent years’ losses, as a high frequency of low single-digit billion-dollar loss events take insurance and reinsurance industry losses above the $100 billion mark for the fourth consecutive year. A news report on Thursday from […]
The Head of Property & Casualty Reinsurance SID at Swiss Re, Victor Kuk, has highlighted the escalating crisis of natural catastrophes in Asia, with over 30% of the global nat cat events in 2022 occurring in the continent, causing staggering economic losses. The industry expert was quoted by Reinsurance News during an interview as expressing […]
The United Nations Environment Programme (UNEP) has harped on a “fundamental and urgent” need for collaboration with the global insurance industry to successfully tackle the climate emergency. The agency’s call came amid concerns about major re-insurers withdrawal from the global Net-Zero Insurance Alliance (NZIA). Earlier this week, another leading re-insurance the Swiss Re, announced its […]
Swiss Re, the world’s leading re-insurance company, has enhanced its insurance-linked securities (ILS) offering with the launch of Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), a new investment advisory entity with a particular focus on catastrophe bonds. According to Swiss Re, the corporation which its wholly owned subsidiary, adopts an investment strategy that complements that […]
Global reinsurance business top player, Swiss Re, has announced a net income of $1 billion for the first half of 2021, as an improved performance in its property and casualty (P&C) business, helped to offset a COVID-19 driven loss posted in its life and health (L&H) reinsurance division. According to the latest performance reports on […]