Swiss Re AG Stock News

Swiss Re AG press release (SSREF): FY Net Income of $1.43BRevenue of $42.72B (+4.8% Y/Y).

Futures Recover Overnight Losses After Torrid Thursday Rally As Uneasy Calm Returns After yesterday''s furious gamma-squeeze rally, U.S. stock futures were slightly lower on the day, although near the overnight session highs as the ongoing Ukraine conflict and impact of Western sanctions continue to drive risk; sentiment was boosted after the Kremlin said that Ukraine’s neutrality offer is a move “toward positive” and following reports that China''s president Xi held a phone call with Putin who said Russia is willing to conduct high-level negotiations with Ukraine. S&P futures were down 10 points to 0.25% at 7:30am, after paring earlier declines of more than 1%, with Nasdaq futures down -0.15% and Dow futures down 0.4%. Europe''s Stoxx Europe 600 was in the green, and oil was steady after Bloomberg reported that oil importers in China are briefly pausing new seaborne purchases as they assess the potential implications of handling the shipments following the Ukraine invasion. Gold was steady, while Brent crude reached $100 a barrel and Treasuries rose.

Swiss reinsurer Swiss Re AG reported Friday a profit in its fiscal 2021, compared to prior year''s loss, with improved results in property and casualty businesses, despite large natural catastrophe events. Meanwhile, Life & Health Reinsurance were hit hard by significant COVID-19 losses. For 2022, Swiss Re expects the performance of its P&C Re businesses to continue to improve.

Swiss Re has named Paul Murray as its new CEO Reinsurance Asia, Regional Director, and member of the Group Executive Committee, succeeding Russell Higginbotham, who will become the CEO of Reinsurance Solutions. The move, set for 1 April, will see both men report to Moses Ojeisekhoba, CEO Reinsurance. Christian Mumenthaler, group CEO of Swiss Re, […] The post Swiss Re appoints Murray and Higginbotham to CEO roles appeared first on ReinsuranceNe.ws .

Swiss Re’s P&C reinsurance unit has reported a net profit of $2.1bn for 2021 compared to a loss of $271mn the year before, as the carrier emphasised a rigorous focus on portfolio quality and underwriting.

Swiss Re AG (SSREF) CEO Christian Mumenthaler on Q4 2021 Results - Earnings Call Transcript

The “remarkable performance” of Swiss Re’s property and casualty (P&C) businesses in 2021 helped the reinsurer generate net income of $1.4 billion for the year against a loss of $878 million in 2020, despite a heavy burden from natural catastrophes and additional COVID-related losses. Alongside the turnaround in net income, Swiss Re’s gross premiums written […] The post Swiss Re returns to profit in 2021 despite high nat cat & COVID-19 load appeared first on ReinsuranceNe.ws .

FRANKFURT (Reuters) -Swiss Re swung to a smaller-than-expected full-year profit in 2021, the reinsurance company said on Friday, marking a partial rebound from the coronavirus pandemic despite big claims from natural disasters. Profit was dragged down by COVID-19 losses at its life and health reinsurance division due to an increase in deaths in the United … Read More

Swiss Re AG swung to a profit in 2021 thanks to the performance of its property and casualty businesses, maintained a stable dividend, and unveiled new financial targets.

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2021 DEC 22-- By a News Reporter-Staff News Editor at Insurance Daily News-- From Washington, D.C., NewsRx journalists report that a patent application by the inventors BERTSCHE, Michael Wayne; CLARK, Michael Bruce; DAVE, Pratik; KANAKAGIRI, Anand; KATZ, Jeffrey Stanton; MCCARTHY, Thomas David; MOORE, William Edward; PENNER, Janis; WRIGHT, Edward Joseph, filed on May 17, 2017, The post Researchers Submit Patent Application, Automated Mortality Classification System For Real-Time Risk-Assessment And Adjustment, And Corresponding Method Thereof, for Approval (USPTO 20210374868): Swiss Reinsurance Company Ltd. appeared first on InsuranceNewsNet .

Insurer and reinsurer Canopius Group Ltd. said Tuesday that former Swiss Re Ltd. Greg Alcazar had assumed the position of chief financial officer, U.S. operations, effective Dec. 20.

Post wraps up the major insurance deals, launches and investments of the week