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Swiss Re posts 24% increase in half year profit

Reinsurance company Swiss Re said today that its net profit for the first half of 2025 rose a better-than-expected 24%, and it maintained its targets for the full year.

Business • 14 Aug

Swiss Re saw claims of $570m from deadly wildfires in Los Angeles earlier this year

Swiss Re posts 16% quarterly profit rise despite LA fires

Reinsurance company Swiss Re said today that net profit for the first quarter rose a better-than-expected 16%, despite claims of $570m from deadly wildfires in Los Angeles earlier this year.

Business • 16 May

Swiss Re said it plans to further grow its natural catastrophe portfolio

Swiss Re expects rise in demand amid global uncertainty

Swiss Re said global geopolitical tensions, macroeconomic developments and climate change have heightened demand for risk protection and will lead to increased premiums.

Business • 12 Sep 22

Swiss RE said the losses were propelled by winter storms in Europe as well as heavy thunderstorms in the US and floods in Australia and South Africa

Natural disaster losses hit $72 billion in H1

Total economic losses caused by natural disasters hit an estimated $72 billion in the first half of 2022, fuelled by storms and floods, Swiss reinsurance giant Swiss Re estimates.

Business • 02 Aug 22

Swiss Re said its profit was dragged down by Covid-19 losses at its life and health reinsurance division due to an increase in deaths in the US

Swiss Re swings to 2021 profit, still feels Covid hit

Swiss Re swung to a smaller than expected full-year profit in 2021, the reinsurance company said today, marking a partial rebound from the coronavirus pandemic despite big claims from natural disasters.

Business • 25 Feb 22

Most reinsurers have stepped back from offering insurers bespoke or direct cover for coal projects

Reinsurers look at dumping coal from bulk-buy policies

Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments.

Business • 17 Jun 21

Five storms made landfall in the US state of Louisiana alone in 2020 - a new record

Disaster losses in 2020 jump 25% to $187 billion

Total losses from natural and man-made disasters so far this year are estimated at $187 billion (€154 billion), up 25% from 2019, reinsurance giant Swiss Re said today.

Business • 15 Dec 20

Swiss Re had swung to a loss in the first nine months of 2020

Swiss Re confirms targets as it grapples with pandemic

Reinsurance company Swiss said it was committed to a stable or increasing dividend as it confirmed its financial targets despite the coronavirus pandemic that has pressured the industry.

Business • 20 Nov 20

Phoenix Group Holdings to buy ReAssure for £3.2 billion in cash and shares

Phoenix to buy Swiss Re's ReAssure for £3.2 billion

Insurance group Phoenix Group Holdings said it had agreed to buy the British unit of Swiss Re, ReAssure, for £3.2 billion in cash and shares, its biggest deal to date.

Business • 06 Dec 19

Swiss Re is pressing ahead with a flotation of its UK subsidiary ReAssure

Swiss Re presses ahead with flotation of UK unit

Swiss Re is pressing ahead with a flotation of British subsidiary ReAssure on the London Stock Exchange, the world's second largest reinsurer said today.

Business • 07 Jun 19

The profit lagged market estimates, which averaged $1.35 billion in a Reuters poll of eight analysts

Swiss Re profit drops by a third, prices keep falling

Swiss Re, the world's second-largest reinsurer, wrote 10% less business during the July property and casualty contract renewal season as rates continued to decline, albeit at a slowing pace, it said today.

Business • 04 Aug 17

Natural disasters such as Hurricane Matthew and an earthquake in New Zealand proved costly for Swiss Re

Swiss Re's Q4 profit drops 45% as disasters weigh

Swiss Re, the world's second-largest reinsurer, today confirmed its mid-term targets despite continued pricing pressure saw its January renewals drop 18%.

Business • 23 Feb 17

Last year's earthquake in Nepal cost the insurance industry $6 billion

Disasters cost €81 billion in 2015 - Swiss Re

Natural and man-made disasters cost $92 billion (€81.24 billion) in 2015, compared with $113 billion in 2014, the Swiss reinsurer Swiss Re said in report today.

Business • 30 Mar 16

Swiss Re to buy Guardian Financial Services

Swiss Re, the world's second largest reinsurance group, has announced plans to buy Guardian Financial Services for €2.2 billion.

Business • 23 Sep 15

The Elbe, the Danube and other rivers overflowed their banks in early June following persistent heavy rain.

Europe floods seen costing up to $4.5 billion

One of Europe's biggest insurance companies has said that last month's floods across central Europe will likely cost insurers up to $4.5 billion.

Business • 08 Jul 13

Superstorm Sandy accounted for $35 billion of insured losses

Swiss Re cites US weather for big insurance losses

The world's second-largest reinsurer has said that natural catastrophes and man-made disasters cost the insurance industry $77 billion in 2012, the third costliest year on record.

Business • 27 Mar 13

Swiss Re