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Swiss Re expands African operations and gives vote of confidence to a stronger African insurance industry

02 May 2018

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.

At USD 144 billion, global insured losses from disaster events in 2017 were the highest ever, sigma study says

10 April 2018

• Total global economic losses from natural disasters and man-made catastrophes were USD 337 billion in 2017 • Global insured losses from disaster events in 2017 were USD 144 billion, the highest ever on sigma records • Hurricanes Harvey, Irma and Maria resulted in combined insured losses of USD 92 billion, equal to 0.5% of US GDP • Insured losses from all wildfires in the world totalled USD 14 billion in 2017, the highest ever in a single year • More than 11 000 people died or went missing in disaster events in 2017

Swiss Re builds on superior capital strength, leading R&D capabilities and deep client commitment for future growth

04 April 2018

• 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

Swiss Re reports full-year 2017 net income of USD 331 million despite USD 4.7 billion of natural catastrophe losses

23 February 2018

• Group net income of USD 331 million despite the large natural catastrophes, making 2017 one of the costliest years for the re/insurance sector in history • Combined estimated claims from large natural catastrophes for Swiss Re amounted to USD 4.7 billion in 2017 • Property & Casualty Reinsurance net loss USD 413 million; estimated natural catastrophe insurance claims of USD 3.7 billion • Strong Life & Health Reinsurance net income USD 1.1 billion; ROE of 15.3% • Corporate Solutions net loss USD 741 million; estimated natural catastrophe insurance claims of USD 1.0 billion • Life Capital net income USD 161 million; strong gross cash generation of USD 998 million • Very strong investment performance; ROI 3.9% and 2.9% running yield • January 2018 renewals premium volume up 8%; prices increased by 2% • Board of Directors to propose a higher dividend of CHF 5.00 per share; share buy-back 2017 completed; Swiss Re to seek authorisation for a new public share buy-back programme

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Swiss Re completes public share buy-back programme 2017

19 February 2018

Better management of existing business helps life insurers to enhance customer experience and improve profitability, Swiss Re sigma says

13 December 2017

Swiss Re's closed book business ReAssure to acquire 1.1 million Legal & General life policies for GBP 650 million

06 December 2017

Swiss Re estimates its claims burden from hurricanes Harvey, Irma and Maria and the Mexico earthquakes at USD 3.6 billion

20 October 2017

Swiss Re agrees GBP 800 million minority investment into ReAssure by MS&AD

06 October 2017

Studies show insurance mitigates risk of poverty and contributes to overall development in emerging markets, latest sigma says

11 September 2017

Swiss Re develops solutions to help clients address new challenges