Swiss Re Ag Stock News

Swiss Re CEO Christian Mumenthaler discusses the firm's first-half earnings, weighing in on Covid-19, climate change and privacy issues.

Swiss Re posted an 85% fall in net profit in the first half of the year, the reinsurance company said on Friday, hurt by the effect of the war in Ukraine and volatile markets.

Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere.

Swiss Re AG (OTCPK:SSREF) Q1 2022 Earnings Conference Call May 5, 2022 2:30 AM ET Company Participants Elena Logutenkova - Head, Media Relations & Corporate Reporting John Dacey - Group CFO Christian

Swiss Re has seen a strong recovery in net premium growth. The company's investment portfolio has seen significant gains across its equity and real estate holdings - allowing Swiss Re to ensure that a

Swiss Re shareholders have been urged to vote against the re-election of Chairman Sergio Ermotti at the reinsurance company's upcoming annual general meeting, The Financial Times reported on Wednesday

Swiss Re, the world's second biggest reinsurer, said it would increase the number of oil and gas producers for which it refuses cover, following mounting pressure on big business to help the drive to

Swiss Re said on Monday that it was not taking on new business with Russian and Belarusian clients, and that it was not renewing existing business with Russian clients.

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.