
	Where results make sense

Topic: Swiss Re

Related Topics

Reinsurance

Lists of companies

Swisscom

List of Chinese companies

Richemont

KamKorp

ASCOM

Southwark Towers

Migros

Gucci Group

Ciba Specialty Chemicals

Bally

Sulzer

30 St Mary Axe

Asea Brown Boveri

	Swiss Re - Wikipedia, the free encyclopedia
		Swiss Re is the world’s largest reinsurer, now that it has acquired GE Insurance Solutions (Ligi 2006).
		Swiss Re was founded December 19, 1863 by the Helvetia General Insurance Company in St.
		Swiss Re is headquartered in Zurich where the parent company’s main premise has stood on the shores of Lake Zurich since 1864.
	en.wikipedia.org /wiki/Swiss_Re (369 words)

	CNN.com - Swiss Re upbeat despite loss - April 10, 2002
		"Swiss Re strengthened its competitive position in 2001 and is confident of returning to its previous strong earnings path with a sharp upturn in earnings in 2002," the firm said.
		In February, Swiss Re raised its estimate of insurance losses from the destruction of the World Trade Center to 2.95 billion francs from a previous forecast of 2 billion francs.
		Swiss Re said the return on its investment portfolio of close to 100 billion francs was eight percent, exceeding its own seven percent target.
	archives.cnn.com /2002/BUSINESS/04/10/insurance.swissre (375 words)

	swissinfo - Swiss Re completes insurance deal with General Electrics
		Swiss Re is paying $7.4 billion in cash and securities plus $1.7 billion in assumed debt for the unit, which has 2,500 employees in 22 countries.
		Swiss Re has previously said it would cut about 1,500 jobs as part of the takeover, but offices in Switzerland are unlikely to be affected.
		Swiss Re has been in the business of reinsurance since it was founded in Zurich in 1863.
	www.swissinfo.org /eng/front/detail/Swiss_Re_ties_up_insurance_deal.html?siteSect=105&sid=6803601&cKey=1150117403000 (372 words)

	The Great Warming - Swiss Re
		Swiss Re was The Great Warming's first corporate sponsor, providing both financial support and know-how for this TV documentary on climate change.
		A further crucial element in Swiss Re's sustainability commitment is our active membership in the WBCSD and in the UNEP Financial Industry Initiative; and we regularly invite a broad range of stakeholders to discusses emerging risks at our Centre for Global Dialogue in R ue schlikon.
		Swiss Re offers a wide range of traditional reinsurance products and related services, which are complemented by insurance-based corporate finance solutions and supplementary services.
	www.thegreatwarming.com /swissre.html (513 words)

	30 St Mary Axe - Wikipedia, the free encyclopedia
		Swiss Re's low level plan met the planning authority's desire to maintain London's traditional streetscape with its relatively narrow streets.
		The mass of the Swiss Re tower was not too imposing.
		The primary occupant of the building is Swiss Re re-insurers, who had the building commissioned as the headoffice for their UK operation.
	en.wikipedia.org /wiki/30_St_Mary_Axe (1842 words)

	Swiss RE (Site not responding. Last check: 2007-10-31)
		Swiss RE The Swiss Reinsurance Group began with the organization of the Swiss Reinsurance Company in Switzerland in 1863.
		Swiss Re America's long-term strategic plan calls for a continued emphasis on non-proportional, casualty and specialty classes of business, writing pro-rata and property covers only when pricing is sufficient to warrant the risk.
		Swiss Re America's current business mix is 63% casualty, 23% property, and 14% specialty, with close to 58% of the group's book written on a non-proportional basis.
	www.aulcorp.com /SwissRE.html (266 words)

	The Climate Group
		Swiss Re is the world’s second largest global reinsurer with more than 70 offices in 30 countries.
		Swiss Re has responded strategically to the increase in frequency and severity of natural disasters and uses a series of models, scenario tools and rating tools to assess the risks associated with climate change.
		Swiss Re’s role will be as a financial intermediary, standing between the buyer and seller, insuring cash delivery to the buyer upon seller non-delivery.
	www.theclimategroup.org /index.php?pid=428 (996 words)

	USCA1 Opinion 04-1709
		The principal issue is whether, under several three-year reinsurance policies, Swiss Re was protected by a single per-occurrence limit on its liability for the three-year policy period or whether the limit applies separately for each policy year, thereby enlarging Swiss Re's total exposure.
		The court held that Swiss Re's liability should be based on the premise that the per-occurrence limit applied once to a continuing leakage at a site over the multi-year policy period and not once for each year of the period.
		Under Swiss Re's follow-the-settlements clause it is bound to accept this pro-annualization reading of the Commercial Union policy for purposes of establishing Commercial Union's liability to Grace.
	www.ca1.uscourts.gov /cgi-bin/getopn.pl?OPINION=04-1709.01A (3199 words)

	GreenBiz News \| Swiss Re to Become Climate-Neutral Company
		Every Swiss Re employee emits an average of 5 to 6 metric tons (Mt) of CO2 per year, with total corporate emissions from all approximately 8 500 employees based at 70 offices in 30 countries adding up to approximately 47 000 tons of CO2 per annum.
		Swiss Re's CO2 emissions are split between electricity use (44%), combustion of heating fuels (13%) and business travel (43%).
		Swiss Re's greenhouse neutral plan was announced at the "Beyond carbon - emerging markets for ecosystems services" conference, co-sponsored by The Katoomba Group (29-30 October 2003), at the Swiss Re Centre for Global Dialogue in Rüschlikon, which brought together representatives from the business, financial, governmental and NGO communities.
	www.greenbiz.com /news/news_third.cfm?NewsID=25918 (567 words)

	John R. Coomber 1949— - BACKGROUND, SWISS RE UK, SWISS RE, CHALLENGES
		SWISS RE UK In 1987 Coomber was appointed general manager of Swiss Re UK and head of its life insurance division.
		SWISS RE While Coomber was advancing in the United Kingdom, there was turmoil at the Swiss Re headquarters in Zurich.
		The Rüschlikon Compact—named for the location of the meeting, the Swiss Re Center for Global Dialogue in Rüschlikon, Switzerland—targeted the areas in which the group believed it could be the most proactive: ecological degradation caused by climate change and increased health risks.
	www.referenceforbusiness.com /biography/A-E/Coomber-John-R-1949.html (1148 words)

	About Swiss Re (Site not responding. Last check: 2007-10-31)
		Swiss Re places the highest importance on supporting communities in which it serves, fostering solid relationships with stakeholders, and raising awareness for Swiss Re's core principle of sustainability.
		As a global reinsurer, Swiss Re stands by its commitment to be a socially responsible company in raising awareness for sustainability issues, including global climate change and water conservation.
		Swiss Re has a strong track record of earnings growth only interrupted in 2001 with a net loss of CHF 165 million (USD 97.8 million), largely due to the 11 September event.
	www.riversmart.org /aboutsr.cfm (864 words)

	Bloomberg.com: Europe
		Swiss Re's shares are the worst performers this year on the 31-member Bloomberg Europe Insurance Index, falling 2.4 percent compared with a 7.5 percent gain in the index.
		Swiss Re said Nov. 2 that it would miss a profit target for 10 percent growth in earnings per share in 2005 because of claims due to the hurricanes that hit the U.S. Gulf Coast.
		Swiss Re said the second half alone includes $1.2 billion for Katrina, which hit in August, and $750 million for Hurricanes Rita that struck Texas and Louisiana in September and Wilma, which crossed Florida in October.
	www.bloomberg.com /apps/news?pid=10000085&sid=aLMxn3SinQHk (676 words)

	Swiss Re Obtains USD 950 million of Natural Catastrophe Protection Through the Successor Programme
		Swiss Re announced the placement of a natural catastrophe protection programme called Successor, the follow-up vehicle to the PIONEER and Arbor programmes.
		Notes to editors Swiss Re Swiss Re is one of the world's leading reinsurers and the world's largest life and health reinsurer.
		Swiss Re has been in the reinsurance business since its foundation in Zurich, Switzerland, in 1863.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-07-2006/0004376329&EDATE= (493 words)

	CSC: SWISS RE TO ACQUIRE LIFE ASSURANCE HOLDING CORPORATION LIMITED IN ADMIN RE TRANSACTION July 1, 2004
		Admin Re is a service provided by Swiss Re involving the acquisition of books of life and health policies that have been, or will be, placed into run-off.
		Swiss Re was advised on the transaction by its wholly-owned subsidiary Fox-Pitt, Kelton (FPK).
		Admin Re - Administrative Reinsurance is the acceptance of a closed block of in-force life and health insurance business either through acquisition or reinsurance, typically assuming the responsibility to administer the underlying policies.
	www.csc.com /industries/insurance/news/2819.shtml (819 words)

	Industry Focus -- Wildlife group honors Swiss Re
		The group recognized Swiss Re for the reinsurer's response to climate change and the lead role Swiss Re has taken in trying to change the attitudes of policymakers and corporate clients on the issue.
		Swiss Re also insures wind farms and is developing a project finance fund to consider investments in renewable energy and energy efficiency projects in Europe, the NWF said.
		The NWF noted that Swiss Re's commitment to conservation even extends to its new London building, which includes design features intended to reduce energy consumption, allow a maximum of natural light and provide natural ventilation.
	www.businessinsurance.com /cgi-bin/industryFocus.pl?articleId=16593&issueDate=2005-04-17 (236 words)

	SWISS RE WINS JAVA CUP AWARD AT IASA
		Swiss Re's clients will also enjoy a reduction in turnaround time for reinsurance pricing from 24 hours to instantaneous for most risks, as well as convenient 24x7 access to the system for submitting risks, getting pricing information and running reports.
		Swiss Re's solution was developed in-house by a cross-functional team of individuals from information technology, underwriting services, branch underwriters, actuarial, and accounting groups.
		Swiss Re was assisted in the development of the solution by Compos, Inc., a consulting firm specializing in developing component-based systems using Enterprise JavaBeans technology.
	www.sun.com /smi/Press/sunflash/1999-06/sunflash.990607.4.xml (931 words)

	G.E. to Sell Insurance Business to Swiss Re - New York Times
		Executives of Swiss Re said they were convinced they could turn a money-losing operation for G.E. into a profitable one for themselves by adding scores of corporate clients to an already booming international insurance business, diversifying to new markets and trimming $300 million annually in costs.
		Swiss Re calculated the book value of the G.E. units at $8.9 billion and said that at $6.8 billion it bought them at a discount of 24 percent.
		Executives at Swiss Re, which has grown through dozens of acquisitions, said they had been considering the G.E. purchase since the beginning of the year and concluded that they were looking at a strong opportunity to make money.
	www.nytimes.com /2005/11/19/business/worldbusiness/19electric.html?ex=1290056400&en=5007e597445c3b67&ei=5088&partner=rssnyt&emc=rss (1264 words)

	CNN.com - Swiss Re post loss related to terror attacks - Feb. 26, 2002
		Swiss Re decided to take the lion's share of the loss this year, leaving its reserves intact for future claims.
		Zurich Financial, Munich Re and Lloyds of London are other insurers that expect to report lower earnings as they pick up billion-dollar claims associated with the attacks.
		Swiss Re made a net loss of 200 million francs ($118 million) in 2001.
	edition.cnn.com /2002/BUSINESS/02/26/swiss/index.html (322 words)

	Roger Ferguson To Join Swiss Re as Chairman of Swiss Re America Holding Corporation and Member of the Executive Board - ... (Site not responding. Last check: 2007-10-31)
		Swiss Re is not only the leader in reinsurance, it is also well recognized for driving the convergence of the capital and insurance markets.
		Additionally, Swiss Re has distinguished itself by investing in knowledge and by the use of insurance products to address some of the most critical macro-economic and public policy challenges facing governments.
		He joins Swiss Re in July 2006, based in New York and Washington D.C. Ferguson, a US citizen born 1951, most recently served as the Vice Chairman of the US Federal Reserve Board, a position he held since 1999.
	www.forbes.com /feeds/prnewswire/2006/06/19/prnewswire200606190924PR_NEWS_B_MAT_NY_NYM139.html (1125 words)

	WJLA - Swiss Re Doubles Katrina Claim Estimate (Site not responding. Last check: 2007-10-31)
		Swiss Re also more than doubled to $1.2 billion the estimate of the claims the company itself may face, which means it will fail to meet its earnings-per-share growth target of 10 percent this year.
		Swiss Re shares fell in early trading, but recovered and by late morning were up 0.6 percent at 82.90 Swiss francs ($66.70) on the Zurich exchange.
		"Swiss Re's financial strength remains very strong and is expected to grow further in the second half of the year," the company said.
	www.wjla.com /headlines/0905/259407.html (633 words)

	USATODAY.com - GE sells reinsurance unit to Swiss Re (Site not responding. Last check: 2007-10-31)
		Swiss Re assumes $1.7 billion in debt as part of the purchase.
		Swiss Re will now have an estimated annual revenue of 46 billion Swiss francs ($34.9 billion), compared to Munich Re's 58.6 billion francs ($44.5 billion).
		Some analysts were skeptical about the deal because Swiss Re will have to tap fresh capital to pay for the acquisition.
	www.usatoday.com /money/industries/insurance/2005-11-18-swiss-re_x.htm?csp=34 (474 words)

	GreenBiz News \| Swiss Re Joins Chicago Climate Exchange
		As a liquidity provider for CCX, Swiss Re will now have the capability to trade or engage in market-making activities on the Exchange for purposes other than compliance with the CCX emissions reductions schedule.
		"Swiss Re believes that companies need to make an active commitment to raising awareness of climate change, evaluating the current and potential risks and clearly defining the business opportunities that may result," said John Coomber, chief executive officer of Swiss Re.
		Swiss Re publicly identified climate change as an issue with the potential to heavily impact society and the global economy more than a decade ago.
	www.greenbiz.com /news/news_third.cfm?NewsID=28794 (336 words)

	Swiss Re Successfully Completes Its Value Creating Acquisition of GE Insurance Solutions
		As a result of the issuance of new shares to GE, the number of Swiss Re shares entitled to dividends increases by 33,300,957 shares to 358,212,933 shares.
		Through the organisational streamlining Swiss Re expects to capture cost synergies of at least USD 300 million per year, to be realised by the end of 2007.
		These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause Swiss Re's actual results, performance, achievements or prospects to be materially different from any future results, performance, achievements or prospects expressed or implied by such statements.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-12-2006/0004378662&EDATE= (624 words)

	NAS/WIIC: About Swiss Re (Site not responding. Last check: 2007-10-31)
		Today, Swiss Re Group is one of the world's leading and financially strong reinsurers, with approximately 9,000 employees and gross premiums in excess of $22 billion.
		Swiss Re does business from over 70 offices in more than 30 countries.
		Swiss Re is a public company and its shares are traded on the Swiss Exchange.
	www.nassurety.com /swissre.html (142 words)

	Swiss Re Completes GEIS Acquisition (Site not responding. Last check: 2007-10-31)
		Swiss Re and General Electric have announced the completion of the sale of GE's reinsurance business, GE Insurance Solutions, including Employers Reinsurance Corp. (ERC), to Swiss Re for between $7.4 billion, according to Swiss Re, or $7.8 billion, according to GE, in cash and securities plus the assumption of $1.7 billion in GEIS debt.
		Swiss Re's version of the financing of the acquisition states it paid: "$6.8 billion plus closing adjustments of $0.6 billion for a total of USD 7.4 billion.
		Swiss Re also noted that the new shares it issued to GE as part of the sale have an equivalent value of $2.4 billion, based on a share price of CHF 87.58 ($72.07).
	www.insurancejournal.com /news/international/2006/06/12/69370.htm (560 words)

	Swiss Re completes takeover of GE's insurance solutions unit - Boston.com
		Swiss Reinsurance Co. said Monday it has completed the $7.8 billion takeover of General Electric Co.'s insurance solutions unit, moving it ahead of Munich Re as the world's largest reinsurance firm in terms of premiums.
		Swiss Re is paying 6.2 billion euros in cash and securities for the GE business.
		It is also assuming 1.3 billion euros ($1.7 billion) in debt for the unit, which has 2,500 employees in 22 countries.
	www.boston.com /news/local/connecticut/articles/2006/06/12/swiss_re_completes_takeover_of_ges_insurance_solutions_unit (246 words)

	WJLA - Swiss Re: Storm Cost May Surpass $20B (Site not responding. Last check: 2007-10-31)
		Swiss Re said it expected its own claims for Rita and Wilma to reach $750 million, bringing its total payouts for catastrophes this year to over $3 billion.
		Swiss Re shares fell 0.2 percent to 88.70 Swiss francs ($68.89) during midmorning trading on the Zurich exchange.
		It was the second time this year that Hannover Re, the world's third-biggest by gross premiums, has had to cut its forecast because of exposure to hurricane damage.
	www.wjla.com /headlines/1105/274055.html (527 words)

Try your search on: Qwika (all wikis)