Established 1863

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The company's employees feel the need to protect common interests and to foster activities on a professional, cultural, social, and sporting level. An employees' association is set up.


From 18 to 21 April 1906, the city of San Francisco is devastated by earthquake and fire. 25 000 houses are destroyed within an area of 7 square kilometres; some 500 lives are lost and about a quarter of a million people are rendered homeless.
The rebuilding of the city gets under way without delay but the claims settlement proves to be tedious. Insufficiently specified clauses in fire insurance policies trigger an international debate within the insurance industry as to whether fire losses caused by an earthquake are covered or not. As a result, Swiss Re teams up with other reinsurers to initiate the development of uniform and clear treaty wordings in order to avoid lengthy court cases in future.
Swiss Re incurs a net loss of CHF 4.3 million, which is considerable compared to the company's equity of CHF 9.9 million in 1906. However, exellent business results during the previous and subsequent years enable Swiss Re to cope with this loss.


The company extends its activities to embrace Engineering reinsurance.


Swiss Re also takes up Motor Third Party Liability reinsurance business.
The number of Swiss Re staff passes the hundred mark.


Charles Simon, Manager of Swiss Re from 1900-1919.