Swiss re will contribute to the development of a modern corporate governance responding to various stakeholder interests. Swiss re itself has a 150year history and some of the business lines we write go well beyond a 10 to 15year horizon. The peer group comprises allianz, axa, generali, hannover re, scor, swiss re and zurich insurance group. Wherever the designation the company appears herein without qualification, it should be understood to indicate swiss reinsurance america corporation. Swiss re and munich re were established in the 1860s to 1880s, and continue to be the top two global reinsurers in todays market. What are insurance linked securities ils, and why should.
Reinsurance was one of the earliest global industries. The swiss re group has been a leading global wholesale provider of reinsurance, insurance, and other insurancebased forms of risk transfer for more than 150 years. Reinsurance industry in india as well as in various countries in africa and the middle east successfully worked as trainer in swiss re bangaluru as well as the swiss re academy in hong kong faculty member of irx group 01. A partner in swiss re, a member of the swiss re group, rated a excellent by a. Wherever the designation the company appears herein without qualification, it should be understood to. Vince friscia is a senior vice president for berkley re direct and leads the companys casualty facultative operation. Swiss re does not accept any responsibility for the accuracy or comprehensiveness of. Matters, vice president ceded reinsurance of ace brandywine. Understanding facultative reinsurance thursday, march 2, 9. Compiled from diverse sources and enriched with examples and illustrations, it also says a good deal about the way swiss re does business. Show full abstract evaluation of the csr of munich re and swiss re, the reinsurance leaders.
This is a large and diverse region, covering 22 markets. Statements concerning tax, accounting or legal matters should be understood to be general observations based solely on our ex perience as reinsurance. The evolving landscape of risk transfer risk capital. Swiss re offices in particular countries may be subject to additional or different laws, rules, regulations andor supervisory standards. Founded in 1863, swiss re operates through offices in more than 25 countries.
Our extensive knowledge and expertise allows us to understand the risks you face today, anticipate the risks youll face tomorrow and tailor your coverage accordingly. Swiss reinsurance company ltd, commonly known as swiss re, is a reinsurance company based in zurich, switzerland. Reinsurance matters a manual of the nonlife branches econbiz. Reinsurance industry in india as well as in various countries in africa and the middle east. Vinces experience spans more than 30 years and includes various management positions. Bests report shown below reveals that both swiss re and munich re saw total reinsurance premiums fall. His address will focus on key issues facing the general counsel of an. Both agreements contained provisions for interest to accrue on amounts owed on claims under the agreements. Swiss re continued to pursue new claims and related matters arising out of the fidelity treaty before the deputy receiver. Pdf insurers buy reinsurance for risks they cannot or do not wish to retain and to benefit. Table 3 financial strength rates 2017 munich re hannover re swiss re berkshire hathaway rga partner re everest re lloyds china re scor. He works at swiss re as global contracts knowledge manager. Global reinsurance giant swiss re, through the swiss re foundation, has donated chf 5 million usd 5.
Gallen hsg have entered into a strategic research cooperation. According to estimates from swiss re 1998, the reinsurance business is dominated by specialized reinsurance companies. Additionally, forfeiture provisions apply in certain. Swiss re and the history of reinsurance james, harold, borscheid, peter, gugerli, david, straumann, tobias on. The nonlife reinsurance brokerage and primary brokerage markets share similar characteristics. All the justices swiss re life company america, etc. In this indepth guide, swiss re introduces the concepts of reinsurance and highlights the essential function reinsurance has in enabling. In the early 1900s in the us, reinsurance was offered within the divisions of usbased primary insurers, but was also provided by several russian companies. Six trends that will determine the future of global nonlife reinsurance. The new thing in reinsurance scott carpinteri, cas spring meeting, may 20. Heinz stettler, fritz eugster, michael kuhn and numerous contributing specialists from the nonlife business. Our other reinsurance publications we also publish artemis. To complicate matters further, the occurrence probability of an event does not remain constant over time. The key objectives of swiss re s benefits packages are to.
Reinsurance news brings the reinsurance industry news that matters to a global audience. Swiss re is an international group of companies active in the reinsurance and insurance business in many countries. It is the same peer group as for the analysts conference. The top 10 excerpt from the top 50 global reinsurer list in a. Reinsurance stephen ludwig, 1991 hartford ho ay data, 19841988 hartford commercial property database fire, wind, other retailwholesale, serviceoffice, apartmentcondo, restaurant. Taiwans renewable energy development plan targets 20% of its power to be generated from renewable energy by 2025.
An introduction to reinsurance is designed as a training text. This name was later changed to swiss re america holding corporation srahc. Development of reinsurance markets in the economies in transition by peter falush summary. Munich reinsurance company under german accountancy rules m 2017 2016 2015 gross premiums written 22,612 23,527 24,234 investments76,679 79,295 76,848 net technical provisions 60,036 59,265 56,764 shareholders equity11,841 11,992 10,878 profitloss for the year 2,199 3,411 2,578 dividend 1,290 1,338 1,329. Although all the information used was taken from reliable sources, swiss re. The networks purpose is to integrally develop corporate governance from a theoretical as well as practical perspective. Remuneration report remuneration of the members of the board.
Badenbaden reinsurance symposium explores ways of bridging. The breadth and scope of the global reinsurance market and. If 1 c o ie b t h is 11 for s a 6 m a b e f o k s ve r c. Reinsurance matters a manual of the nonlife branches authors. On may, 1991, fidelity went into receivership by order of. Since 1922, the company has delivered integrated reinsurance and capital market solutions to clients across the globe. Acte concerninge matters of assurances, amongste marchantes, which states. Loss prevention materials to reduce the chance of a claim and improve business processes. Reinsurance matters a manual of the nonlife branches. Exhibit i guaranteed capacity reinsurance if the ceding companys full retention is available the reinsurers guaranteed capacity proportionate share will be as follows.
The pledge has been made through the reinsurers nonprofit grant foundation, which will distribute the funds to organisations tackling the current crisis, particularly in emerging countries. The new thing in reinsurance casualty actuarial society. Were the commercial insurance arm of the swiss re group, so we know how to protect your business. He previously served as senior legal counsel at infrassure. Peter wedge is a legal and claims executive with 30 years broad claims, litigation, and contract drafting experience in the re insurance industry. Reinsurance brokers also advise on retrocession the reinsurance of reinsurance swiss re 2004a. If 1 c o ie b t h is 11 for s a 6 m a b e f o k s ve r c c. Remuneration report remuneration of the members of the.
Here we provide security against the risk that people live longer than their pension fund has provisions to provide for their. Our extensive knowledge and expertise allows us to understand the risks you face today, anticipate the risks youll. Mr patrice nigon of swiss re discusses how they are supporting these endeavours to develop clean energy. Reinsurance matters the quality of the reinsurance security purchased by the direct insurer is what helps to ensure that losses will be paid. The reinsurance market has a very specific, vpyramidalv, organization. Munich reinsurance company under german accountancy rules m 2017 2016 2015 gross premiums written 22,612 23,527 24,234 investments76,679 79,295 76,848 net technical provisions 60,036 59,265 56,764 shareholders equity11,841 11,992 10,878 profitloss for. Flood risk management the uks flood re potential outwards reinsurance 03 november 2015 8 risk xl. Manulife re is the global reinsurance operation of manulife financial corporation. Munich reinsurance company under german accountancy.
Successfully worked as trainer in swiss re bangaluru as well as the swiss re academy in hong kong. Swiss re capital markets current year reflects yeartodate totals entry of new sponsors and investors continue to expand the market 2012 has seen 4. It is therefore important to understand the reinsurance function, relationship, claims services, and fronting arrangements. Hermann geiger, group general counsel of swiss re, with the leading global honor for general counsel. Based on a board of directors resolution, the united states branch of the swiss reinsurance company of zurich, switzerland was domesticated under the laws of new york state and all its. Established in 1986, we are a longterm and wellestablished player in the highly specialized market of property and aviation retrocession. Peter wedge is a legal and claims executive with 30 years broad claims, litigation, and contract drafting experience in the reinsurance industry. Captives we represent captives in regulatory proceedings and regularly advise on specific aspects concerning the legal. Reinsurance news delivered to you daily by reinsurance news. Annual reports 2018 as a reminder, for our panel, the ratings in the annual reports 2017 were as follows. The key objectives of swiss res benefits packages are to. Vince friscia senior vice president berkley re direct stamford, conn. In this indepth guide, swiss re introduces the concepts of reinsurance and highlights the essential function reinsurance has in enabling progress and contributing to the stability of the economy and society.