SSREY News and Press, Swiss Re Ltd. ADR From 01/08/21

2020 saw convective weather losses reach a record level in the United States, according to Munich Re's data, with $40 billion of economic losses experienced and around $30 billion of these were insured. In total, the convective storm peril therefore drove 45% of total U.S. insured nat...

With reinsurance rates and pricing having increased at the key January 2021 reinsurance renewals, there is now an expectation that future renewals this year should follow suit. While the January reinsurance renewal has a significant focus on EMEA, Latin America and some parts of Asia,...

Issues related to the potential for insurance-linked securities (ILS) collateral to be trapped, because of uncertainty over the COVID-19 pandemic and its potential losses for the insurance and reinsurance industry, have largely been postponed until after the January renewals. This had...

Swiss Re is moving towards a <96% combined ratio in FY21 on improved P&C pricing trends. With portfolio pruning on track as well, Corporate Solutions should support the ~98% combined ratio target in FY20. Plus, the capital position is strong and more than accounts for the d...

As expected, the January 2021 reinsurance renewals have proved to be less firm than forecast, but in general the trajectory of reinsurance and retrocession pricing has been positive and as a result return potential continues to rise for those allocated to insurance-linked investments. ...

The catastrophe bond and related ILS market saw a record number of transactions in 2020. This drove issuance of pure 144A property catastrophe bonds above $10 billion for the first time ever, and issuance of cat bonds and related ILS transactions has now surpassed $16 billion. It ...

Global reinsurance firm Swiss Re looks set to target profitable growth for its property and casualty reinsurance business. Swiss Re is targeting an improved combined ratio for its P&C reinsurance business of less than or equal to 96% for 2021. The focus will be on profitabilit...

Swiss Re AG (SSREF) Q3 2020 Results Conference Call October 30, 2020 03:30 AM ET Company Participants John Dacey - Group Chief Financial Officer Thomas Bohun - New Head of Investor Relations Conference Call Participants Andrew Ritchie - Autonomous Kamran Hussain - RBC Paris Hadjiantonis - BNP...

Travelers has confirmed that it made the full $280 million of recoveries from its property catastrophe aggregate reinsurance during the third-quarter of 2020. The third quarter has also been costly, with the company reporting $397 million of pre-tax catastrophe losses net of reinsuran...

Pre-announcements of catastrophe losses for the third-quarter of 2020 began to be released last night, and reports from RenaissanceRe, Arch Capital Group, AXIS Capital and The Hanover seemed to confirm the expectation that the majority would run well above estimates. Reports from thes...