Swiss Re
Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
Claims Awards Asia 2015: the winners
The winners of the Claims Awards Asia 2015 were announced on 10 September at the Regent Hotel, Singapore.
Disaster losses reach £23.7bn in H1 2015
Total economic losses from natural catastrophes and man-made disasters reached $37bn (£23.7bn) in the first half of 2015, according to Swiss Re.
Peak Re hires Burri as reinsurer targets Zurich office
Jacqus Burri has been hired by Hong Kong-headquartered reinsurer Peak Re to work in Zurich.
Swiss Re delivers 11% boost to income despite 'economic uncertainty'
Swiss Re CEO Michel Liès has hailed his firm’s “solid set of figures” for the opening six months of 2015, amid “uncertainty about overall economic growth” around the world.
Aon appoints senior Swiss Re head for China roles
Qin Lu is moving from Swiss Re to take on the roles of CEO of Aon Benfield Greater China and CEO of Aon Risk Solutions, China.
Natural Catastrophes: Pool party
Insurers and governments are having to adapt to a world in which natural catastrophes are increasing in frequency and severity. It’s time for a new approach to nat cat.
Crossrail: Crossing the finishing line
With just three years to go until London’s Crossrail transport link is operational, Post investigates the experience so far for the insurance industry players involved in the project.
Swiss Re signs technology initiative with National University of Singapore
Swiss Re has signed a three year partnership with the National University of Singapore to help support the development of big data, business analytics and IT.
RSA completes China sale
RSA has completed the sale of Sun Alliance Insurance (China) to Swiss Re Corporate Solutions.
Godwin and Ingrouille join IUA board
AIG property casualty's UK chief operating officer Geoff Godwin and Nigel Ingrouille, UK branch manager for Swiss Re International, have been appointed to the board of the International Underwriting Association.
Swiss Re hails ‘strong’ first quarter
Swiss Re has reported a 17% increase in net income for the first quarter of 2015 and noted that all business units contributed to profitability
Brit appoints South America expert from Swiss Re
Guillermo Eslava has left Swiss Re to become vice president, casualty reinsurance for Latin America and the Caribbean at Brit.
Reinsurance pricing pressure to continue in 2015
Ratings agency AM Best is forecasting reinsurance pricing to remain under pressure in 2015 given continued pressure from alternative capital and the lack of a price-changing event in the past few years.
Europe: Natural catastrophes - more than storms in a teacup
‘Acts of God' were relatively benevolent last year, with insurers more stirred than shaken by reported losses.
Berkshire Hathaway recruits from RSA and Swiss Re in Singapore
Berkshire Hathaway Specialty has continued its recruitment drive in Asia with two hires in Singapore.
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
Australia: Disaster averted?
Australian insurers facing possible requests from the government to help fund mitigation projects say it is not a cost they should bear and that any funding will eventually be paid for by policyholders.
Less motor emphasis will help spur China premiums, says Swiss Re
China's target of 5% insurance GDP penetration is achievable despite its ambitious target of doubling per capita premiums.
Emerging Asia's premiums grew 12.7% in 2014, says Swiss Re
General insurance premiums in Asia grew 6.6% when stripping out inflation in 2014 according to reinsurance giant Swiss Re with emerging Asia leading the way.
Berkshire Hathaway, Fosun and RSA: five leading 2014 Asia stories
Andrew Tjaardstra, Post's Asia editor, summaries five leading stories that made the headlines in Asia-Pacific over the year.
Premiums in 'emerging Asia' to grow 12.8% in 2015, says Swiss Re
According to reinsurance giant Swiss Re general insurance premiums in 'emerging Asia' countries are set to grow 12.8% on average in 2015.
Gherkin acquired by Safra Group
London’s Gherkin building, home to Swiss Re, has been acquired by an investment group led by Brazillian banker Joseph Safra.
Swiss Re deems year-to-date £2.1bn net income 'successful'
Swiss Re has reported net income of $3.3bn (£2.1bn) for the first nine months of 2014 with a third quarter net income of $1.2bn.