Corporate History 2006-2009

 

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 2006

2007

2008

2009


2006

In September 2006, Swiss Re announces it will be offering reinsurance cover for private health insurance companies, starting in China and India.

 

In October, Swiss Re announces its intention to acquire UK GE's Life business.

In Switzerland, the warmest autumn since records started in 1864 draws to a close. Overall, temperatures were 2.5 to 3.5 degrees higher than normal for the season in the region.


2007

In June, Swiss Re sponsors the first Mediterranean earthquake risk bond worth USD 100 million, for the protection against earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus. This is the first time that earthquake risk in these countries has been securitized in the capital markets.

 

 

By signing the United Nations' Principles for Responsible Investment (UN PRI) on 4 July 2007, Swiss Re expands its commitment to sustainability considerations in investment decision making, as already stated in its Group Code of Conduct.

 

 

On 24 September, CEO Jacques Aigrain speaks at a high-level gathering of world leaders on climate change at the UN in New York.

 

The subprime mortgage financial crisis of 2007, which has started in the United States during the fall of 2006, becomes a global financial crisis within a year and also affects Swiss Re in November 2007.

 


2008

In February, Swiss Re registers as admitted reinsurer under new regulatory environment in Brazil. Existing operations in Sao Paolo become representative office.
 

 

Swiss Re completes the acquisition of Barclays Life Assurance Company Ltd (Barclays Life)


2009

In February, Swiss Re’s Board of Directors appoints Stefan Lippe as successor of CEO Jacques Aigrain.

 

 

In autumn, Diener&Diener Architekten win the commission to replace Swiss Re's "Neubau" site at its headquarter in Zurich.

 

Swiss Re acquires Retakaful licence in October, and sets up Retakaful operation in Kuala Lumpur.

 

In December, Swiss Re representatives are participating at the COP 15 negotiations in Copenhagen, representing the Swiss Insurance Association as part of the official Swiss delegation. Swiss Re advocates fast transition from Copenhagen discussions to immediate implementation of climate adaptation measures, in order to reduce losses caused by climate risks.

Climate change

 

 

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 2006

2007

2008

2009

 

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