Reinsurance company Swiss Re estimates that claims stemming from the destruction caused by Superstorm Sandy will cost the company about $900 million. The Swiss company also estimated Monday that total losses from insured damages will total between $20 billion and …
Swiss Re has estimated its claims costs from severe flooding in Thailand at $600 million, after intense rainfall caused hundreds of deaths and floods affecting approximately 1500 industrial facilities. “The estimate is net of retrocession and before tax, said the …
Swiss Re’s latest sigma study – “State involvement in private insurance” – examines the increasing symbiosis between governments and the private insurance sector. The report notes that “more and more governments are leveraging private insurance skills and the growing capacity …
According to a new study from Swiss Re, “Europe is witnessing a dramatic increase in property damage as a result of soil subsidence.” A new loss model developed by Swiss Re and the Swiss Federal Institute of Technology (ETH Zurich), …
PRO Insurance Solutions (PRO) and Swiss Re Europe S.A. German Branch (Swiss Re) announced a strategic alliance for the German market which seeks to leverage the resources and experience of PRO to expand the services provided to Swiss Re’s clients. …
Natural catastrophes and man-made disasters cost the insurance industry $43 billion in 2010, Swiss Re, the world’s second-biggest reinsurer, said on Tuesday, revising up an earlier estimate. Swiss Re also revised down its estimate of worldwide economic losses from 2010 …