SSREY News and Press, Swiss Re Ltd. ADR From 02/20/21

The ongoing winter storm event in the United States, named winter storm Uri, is thought likely to become the largest winter storm loss on record for the insurance and reinsurance industry. The Texas insurance regulator said it could have a bigger impact than hurricane Harvey. Whet...

Swiss Re reported its full-year 2020 results. Highlighted $3.9 billion of losses from the COVID-19 pandemic and $1.7 billion from what it called a higher frequency of natural catastrophe events. Swiss Re also provided a forecast for a further up to $500 million of pandemic related...

Insurance-linked securities market participants, as well as wider insurance and reinsurance related interests, are increasingly focused on environmental, social and governance issues and embracing positive ESG principles and processes within their business models. ESG is set to create...

Swiss Re AG (SSREF) Q4 2020 Earnings Conference Call February 19, 2021 7:00 AM ET Company Participants Christian Mumenthaler - Group Chief Executive Officer John Dacey - Group Chief Financial Officer Thierry Léger - Group Chief Underwriting Officer Thomas Bohun - New Head of Investor Rel...

Suncorp said today that its catastrophe losses for the first half of its financial year, to the end of December 2020, reached $516 million. Suncorp has a strong reinsurance program in place, with its main catastrophe program and aggregate protection, as well as 3 drop-down covers and ...

IAG had already fully eroded its deductible for the calendar year catastrophe aggregate reinsurance protection it had in place for 2020 by the end of June. The A$90 million of recoveries came largely after the second-half of 2020 impacts of A$290 million of catastrophe losses. The...

Global insurance and reinsurance group Everest Re has pre-announced a range of charges being applied to its fourth-quarter and 2020 results, due to catastrophe losses, continued impacts from the COVID-19 pandemic and a $400 million reserve charge driven by social inflation trends in casua...

The fresh COVID-19 losses takes AXIS Capital’s total for the pandemic to $360 million reported so far. AXIS Capital had already recognised $235 million of pandemic losses in the first quarter of 2020. In total, AXIS expects a dent to fourth-quarter 2020 earnings of between ...

RenaissanceRe has pre-announced an expected $345 million of losses from natural catastrophes and COVID-19 suffered during the fourth quarter of 2020. As a result of these losses, RenaissanceRe says that when it announces its Q4 2020 results in the coming weeks, it expects to report ne...

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...