- Munich Re announces profit target of E2.8bn for 2021-profit outlook of E1.2bn for 2020
- Allianz agrees to purchase Westpac’s General Insurance business
- AXA hosts virtual Investor Day
- AXA to sell its insurance operations in the Gulf region
- Insurance Europe responds to a consultation conducted by EIOPA on its draft supervisory statement on the use of reinsurance risk mitigation techniques(RMT)
- UK insurance industry facing huge challenge to decide what COVID-19 refunds to make ahead of tomorrow's FCA deadline
- InsurTech ecosystem experiencing record-breaking fundraising levels says research expired
- EIS introduces Usage-Based Insurance solution that unifies personal and Commercial car use for continuous coverage expired
- Xceedance announces expansion of actuarial and analytics services for insurance organisations expired
- Aegon to sell Central and Eastern Europe business to Vienna Insurance GroupP(VIG) expired
- IPCC opens second draft of Working Group II Sixth Assessment Report for government and expert review expired
- Swiss Re gets regulatory nod to establish a standalone fund company to allow investors a new avenue to access the company's natural catastrophe business expired
22nd November 2020
Swiss Re targets earnings growth in improving market conditions
Swiss Re continues to navigate the COVID-19 pandemic, supported by a proactive reserving approach and very strong balance sheet.
It expects the normalised combined ratio in Property & Casualty Reinsurance(P&C Re) to improve to 96% in 2021, supported by positive rate momentum
Life & Health Reinsurance(L&H Re) maintains its successful track record, despite COVID-19 impact.
Corporate Solutions’ turnaround is well on track, with the business confident of achieving a normalised combined ratio of 98% in 2021.
iptiQ’s strong growth trajectory continues; market-implied valuation estimated at approximately $2bn.
Swiss Re’s investment portfolio is well positioned to mitigate the current low interest rate environment.
Swiss Re confirms financial targets and capital management priorities, focusing on superior capitalisation and a stable or increasing dividend.
Swiss Re’s strategy of building risk insights and successful risk partnerships complements its risk transfer business
At Friday’s Investors’ Day, Swiss Re confirmed its over-the-cycle financial targets and delivered a positive outlook, based on improving market conditions and targeted growth opportunities across the Group’s businesses. The Group will also reiterated its capital management priorities, focusing on superior capitalisation and a stable or increasing dividend.
Swiss Re Group ceo Christian Mumenthaler said “We are optimistic on the outlook for all of our businesses as we see positive momentum in the underlying earnings power of the Group. Our confidence is underpinned by Swiss Re’s capital strength and the proactive approach we have taken to the Group’s COVID-19 reserves. We expect that COVID-19 will remain an earnings and not a capital event for the Group, with declining exposures going forward. We are focused on delivering on our financial targets and capital management priorities. At the same time, our strategy positions Swiss Re for long-term success.“
Swiss Re Trends(758 articles)