New York - Northeast US Hurricane risk placed on behalf of Travelers
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Swiss Re Capital Markets has successfully advised on a USD 300 million cat bond issuance by Long Point Re III Ltd., covering Northeast US Hurricane on behalf of Travelers.
New York - Fed in holding pattern until economic outlook becomes clearer says Swiss Re Chief Economist, Kurt Karl
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After today’s decision by the Federal Reserve to maintain the target fed funds rate at zero to 25 basis points, Swiss Re’s Chief Economist, Kurt Karl, commented: “For now, the Fed is in a holding pattern awaiting further information on the impact of sequestration on economic activity."
Washington, DC - Concerns that the Proposed EU FTT Could Hurt Savers (Partner News Release)
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The IIF’s Council on Asset and Investment Management (CAIM) today released a position paper on the proposed EU Financial Transaction Tax (FTT). While acknowledging that the proposed FTT is motivated by worthwhile goals, CAIM raised concerns that any revenue it would generate would be considerably outweighed by the potential costs in terms of burden on end-users of financial services, potentially weaker economic growth and job losses. In sum, the proposed EU FTT would likely prove ineffective and fail to meet its goals.
New York - US economy will grow despite spending cuts predicts Swiss Re Chief Eco
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After today’s decision by the Federal Reserve to maintain the target Fed funds rate at zero to 25 basis points, Swiss Re’s Chief Economist, Kurt Karl, commented: “Triggering the sequestration will slow growth and delay the first rate hike by the Fed into early 2015.
New York - Fiscal Cliff II is likely to be averted, says Swiss Re Chief Economist
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After today’s decision by the Federal Reserve to maintain the target fed funds rate at zero to 25 basis points, Swiss Re’s Chief Economist, Kurt Karl, commented that monetary policy will continue to support growth through all of 2013 and into 2014.
Zurich - Partnering for food security in emerging markets
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One in eight people in emerging markets suffer from hunger and malnutrition.
Agricultural insurance is an indispensable part of agricultural risk management and helps to smooth farm income as well as incentivise food investment.
Agricultural insurance penetration in emerging markets is currently very low but potential premiums by 2025 can reach an estimated USD 15-20 billion.
New York - SR places USD 270 million of North American earthquake risk
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Swiss Re Capital Markets has successfully structured and placed USD 270 million of notes issued by Lakeside Re III Ltd., covering North American earthquake risk on behalf of Zurich Insurance Group ("Zurich").
