SSREY News and Press, Swiss Re Ltd. ADR From 04/28/21

The majority of the catastrophe loss burden for the first quarter of 2021 were to be found in the United States at an estimated $17 billion. The increase in estimate for the severe US winter weather to $15.3 billion is quite meaningful, as Jefferies' previous estimate for that event h...

Japan's Fire and Disaster Management Agency said that more than 9,137 buildings were damaged in the earthquake, many severely, which has driven an escalating insured loss total. As of the end of March 2021, the number of claims filed from the earthquake had reached over 202,000, with ...

Travelers has reported $835 million of pre-tax catastrophe losses for Q1 2021, which compares to just $333 million pre-tax in the prior year quarter. Reinsurance capital may not have provided all that significant a support to Travelers in the first-quarter, being the start of its year...

The Insurance Council of Australia has now declared an Insurance Catastrophe for the impacted region of Western Australia that was affected by Tropical Cyclone Seroja. The damages from cyclone Seroja appear more likely to be an insurance event, rather than one that impacts reinsurance...

Losses and IBNR reserves related to the COVID-19 coronavirus pandemic reported by major insurance and reinsurance companies have risen significantly during the first-quarter of 2021. PeriStrat has been forecasting that the total could settle somewhere up to the US $50 billion mark, a ...

Q1 2021 issuance of catastrophe bonds and related ILS reached $4.63 billion, as detailed in our new quarterly market report which was published last week. Taking just 144A publicly traded catastrophe bonds covering property, specialty, life and other risks, as well as private cat bond...

The reinsurance firm warns that the global industry may not be far off a USD 250 billion to USD 300 billion industry loss year when it experiences a peak-loss inducing hurricane season and multiple secondary peril events in the same calendar period. Natural catastrophe events accounte...

Digital asset management agency Blofin raises US$10 million in A+ round investment, led by Susquehanna International Group (SIG) BEIJING, Mar 31, 2021 - (ACN Newswire) - Blofin has raised US$10 million in its series A+ round of financing, led by SIG, followed by Matrix, Lingfe...

Swiss Re AG (SSREF) 2020 Annual Results Conference Call March 18, 2021 9:00 AM ET Company Participants John Dacey – Chief Financial Officer Philip Long – Chief Actuary Thomas Bohun – Head-Investor Relations Conference Call Participants Andrew Ritchie – Autonomous V...

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...