Swiss Re

Swiss Reinsurance Company Ltd

Trade nameSwiss Re
Native nameSchweizerische Rückversicherungs-Gesellschaft AG
TypeAktiengesellschaft
Traded asSIX: SREN ISIN CH0126881561
IndustryFinancial services
PredecessorPrudentia, AG für Rück- und Mitversicherungen
Founded19 December 1863;
HeadquartersZurich, Switzerland
ProductsReinsurance, insurance, asset management
Websitewww.swissre.com
  • Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland.
  • It is the world's largest reinsurer, as measured by net premiums written.
  • Swiss Re was the lead insurer of the World Trade Center at the time of the September 11 attacks, which led to an insurance dispute with the owner, Silverstein Properties.
  • In October 2006, the New York appeals court ruled in favor of Swiss Re, stating that the destruction of the twin towers was a single event rather than two, limiting coverage to $3.5 billion.

Products

  • Reinsurance: Reinsurance is Swiss Re's largest business in income terms, providing about 80% of gross premiums in two segments: Property & Casualty and Life & Health.
  • Corporate Solutions: Markets insurance to mid-sized and multinational corporations around the world, with over 40 offices worldwide.
    • Offerings range from standard risk transfer covers and multi-line programmes to highly customised arrangements.
  • Life Capital: Accepts closed books of in-force life and health insurance business, entire lines of business, or the entire capital stock of life insurance companies, enabling clients to divest non-core blocks of business, thus reducing administrative costs and freeing up capital.

Leave a Reply

Your email address will not be published.