Swiss Re
Zurich disposes of UK subsidiary
Zurich has announced that one of its non-core subsidiaries in the UK, Zurich Specialties London, will transfer its run off insurance business to Swiss Re at book value.
Post Europe announces advisory board members
Post Europe is delighted to be able to confirm the members of its new advisory board.
Insurance Insight announces advisory board members
Insurance Insight is delighted to be able to confirm the members of its new advisory board.
Swiss Re completes £1.6bn deal
Swiss Re has announced plans to acquire approximately 300 000 policies and £1.6bn in assets from American Life Insurance Company.
Reinsurer cat budgets exhausted after Q1
Reinsurers' annual budgets have been exhausted after the major natural catastrophe losses in the first quarter were followed by 150 tornadoes hitting 13 south-eastern US states last month. According to Dominic Simpson, vice president, senior credit…
Swiss Re reports net loss of $665m
Swiss Re has reported a net loss of US$665m for the first quarter of 2011, compared to a profit of US$158m recorded in the same period of 2010.
Q1 nat cats not market-turning
Total industry insured large losses since the third quarter of 2010 of $32bn will not be enough to turn the reinsurance market, an analyst has warned.
Post Europe: View from the Top: The role of reinsurance in disaster risk management
Reinsurers are gaining recognition in the light of disasters for the role they are playing in helping insurers, governments and society as a whole to deal with today’s risk landscape.
Exclusive health and catastrophe content now available on Post Europe
Post Europe’s weekly update is now live with an article on health cover in the Benelux regions and a View from The Top on how disaster financing instruments should never be seen in isolation.
Litigation fears in wake of NZ quake
The New Zealand earthquakes in September 2010 and February 2011 have left some brokers and insurers at risk of litigation, the chief executive of Cunningham Lindsey's New Zealand operation has warned.
Carroll joins London market start-up
Tim Carroll has joined a new general insurance company, Samsung Fire & Marine Insurance Company of Europe, which has opened for business in London.
Tawa prioritises run-off after diversification
Tawa will continue to invest the majority of its funds in run-off portfolios, despite its recent decision to diversify.
Swiss Re agrees alliance with Pro
Reinsurer Swiss Re has agreed a strategic alliance with Tawa-owned insurance business Pro.
Swiss Re to increase dividend by 175%
The Swiss Re board of directors has proposed the approval of a dividend for 2010 of CHF 2.75 - a 175% increase compared to 2009.
Swiss Re to increase dividend by 175%
The Swiss Re board of directors has proposed the approval of a dividend for 2010 of CHF 2.75 - a 175% increase compared to 2009.
Aviva boss: earthquake will not impact GI rates
Global general insurance rates will not be dramatically affected by Japan's earthquake and tsunami, according to Aviva's chief underwriting officer.
Swiss Re exceeds claims budget following Japan quake
Reinsurer Swiss Re has revealed that it has already gone beyond its claims estimates for 2011 following the Japanese earthquake.
Swiss Re estimates $1.2bn Japan quake loss
Swiss Re has estimated $1.2bn (£738bn) in claims costs from the Japanese earthquake.
Post Europe: Solvency II QIS5 revealed
The results of the quantitative impact assessment 5 for Solvency II are in and it is bad news for Europe’s small insurers. The regulator highlighted the strong capital position of the market but as Vic Wyman explains insurers still have plenty to be…
Reinsurance sector braced for huge losses in Japan
The global reinsurance industry is positioned to absorb the impact of the Japanese earthquake — even if the insured losses reach $35bn (£21.7bn).
Swiss Re reiterates commitment to Japanese market
Reinsurer Swiss Re has reiterated its commitment to the Japanese insurance market following the earthquake which hit the country last week.
BI presents "wildcard" among Japanese quake losses
Major insurance and reinsurance losses both in Japan and globally following last Friday's huge earthquake in Japan will cause negative credit implications for the two sectors, according to Moodys.
Exclusive Climate change content now available on Post Europe
Post Europe’s weekly update is now live with an article discussing the outcomes from the recent climate change conference in Cancun; and an interview with QBE’s general manager for Central and Eastern Europe Petko Tonchev on the issues in the region.
Swiss Re reports strong results despite catastrophes
Swiss Re has recorded a full year net income of USD 863m in 2010, a 74% increase on the USD 496m the reinsurer reported in 2009.