Zurich - Swiss Re expands African Reinsurance operations
Swiss Re's Reinsurance Business Unit has strengthened its African business through its newly approved license for Property & Casualty (P&C) business in South Africa. The move completes Swiss Re's ambition to re-domicile its Southern African Property & Casualty business onto the continent and sends an optimistic signal to African insurance markets. The move will allow Southern African clients to access the full strength of Swiss Re's Property & Casualty capabilities including innovative technological solutions and tailored transactional business.
Zurich - Swiss Re publishes its 2017 Financial Condition Report
Swiss Re published today the 2017 Financial Condition Report for the Swiss Re Group and regulated re/insurance legal entities domiciled in Switzerland, for the reporting period ended 31 December 2017. The public disclosure of this report is a new regulatory requirement pursuant to FINMA Circular 2016/2 Disclosure – insurers.
Zurich - Swiss Re builds on capital, R&D and client commitment for growth
With a Group SST ratio of 269%, Swiss Re maintains its industry leading capital position and financial flexibility to invest in growth
Investments in R&D drive value for the company and form the basis for outperformance
Advances in technology are impacting the re/insurance value chain and are reshaping the competitive landscape
Swiss Re’s tech strategy is embedded in its business strategy and aims to increase the competitiveness of its clients, improve Swiss Re’s own value chain, harvest the full potential of data and seek access to risk pools
Reinsurance’s differentiation strategy is a strong contributor to profits
Corporate Solutions is well-placed to benefit from expected market improvements and to pursue growth in Primary Lead business
Life Capital is transitioning from a pure closed book consolidator to a dynamic primary B2B2C business; the gross cash generation target for 2016–2018 has been increased to USD 2.3–2.5 billion
Economic Net Worth creation remains at the core of the Group’s steering framework and drives its strong solvency capital generation
Singapore - Swiss Re further strengthens its position in Asia
Swiss Re today strengthens its presence in Asia with the launch of its regional headquarters, Swiss Re Asia Pte. Ltd. (Swiss Re Asia), in Singapore, and the appointment of a new regional Board of Directors for the entity.
Pune - Swiss Re and India’s National Insurance Academy sign MoU
Swiss Re's Global Business Solutions unit in India has signed a memorandum of understanding (MoU) with National Insurance Academy (NIA), Pune, India’s premier institute of insurance education to collaborate as a technical partner to the latter's academic activities and programmes. The initiative aims to develop re/insurance skills, insights and expertise among students and professionals aspiring to pursue careers in insurance in India.
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