Swiss Reinsurance Company Ltd
|Trade name||Swiss Re|
|Native name||Schweizerische Rückversicherungs-Gesellschaft AG|
|Traded as||SIX: SREN ISIN CH0126881561|
|Predecessor||Prudentia, AG für Rück- und Mitversicherungen|
|Founded||19 December 1863;|
|Products||Reinsurance, insurance, asset management|
- 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.
- 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.