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Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires

Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires

by AIP Online Bureau | May 16, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The result “gives us confidence in our 2025 targets despite a challenging environment,” Chief Executive Officer Andreas Bergersaid in a statement on Friday Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re

Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Balz Grollimund, Swiss Re’s Head of Catastrophe Perils, said: “Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country...
Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re

Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re

by AIP Online Bureau | Apr 24, 2025 | International News, Non-Life, Reinsurance, Technology

Swiss Re’s Chief Underwriting Officer Casualty Laure Forgeron said: “The global motor insurance market is both dynamic and rapidly evolving. At this moment, the introduction of new tariffs will have a material impact by increasing repair costs and putting...
Swiss Re appoints Bernhard Kaufmann Group CRO as Patrick Raaflaub retires

Swiss Re appoints Bernhard Kaufmann Group CRO as Patrick Raaflaub retires

by AIP Online Bureau | Apr 22, 2025 | International News, Non-Life, Reinsurance

Prior to this role, Bernhard Kaufmann was Chief Risk Officer at NN Group and held various senior leadership roles at Munich Re Group, most recently as Group Chief Risk Officer Zurich: Bernhard Kaufmann has held Chief Risk Officer positions in the re/insurance industry...
Swiss Re appoints Kera McDonald as its Group Chief Underwriting Officer

Swiss Re appoints Kera McDonald as its Group Chief Underwriting Officer

by AIP Online Bureau | Feb 27, 2025 | International News, Non-Life, Reinsurance

Swiss Re’s Group Chief Executive Officer Andreas Berger said: “Underwriting is at the core of everything we do, and the re-establishment of this function underscores our commitment to enhancing technical excellence across all businesses.” Zurich:...
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