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Swiss Re AG (SRENH.S)

SRENH.S on Virt-X Level 1

89.64CHF
16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

AMP To Sell Wealth Protection And Mature Businesses
Wednesday, 24 Oct 2018 

Oct 25 (Reuters) - AMP Ltd ::AMP AGREES TO SELL WEALTH PROTECTION AND MATURE BUSINESSES.ANNOUNCES INTENTION TO DIVEST VIA IPO NEW ZEALAND WEALTH MANAGEMENT AND ADVICE BUSINESSES.DEAL FOR FOR TOTAL PROCEEDS OF A$3.45 BILLION.TRANSACTION EXPECTED TO COMPLETE IN 2H 2019.FOR CUSTOMERS, THERE WILL BE NO CHANGE TO THEIR EXISTING INSURANCE POLICY TERMS OR CONDITIONS.INTENDS TO SEEK DIVESTMENT OF NEW ZEALAND WEALTH MANAGEMENT AND ADVICE BUSINESSES VIA INITIAL PUBLIC OFFERING IN 2019.ENTERED BINDING REINSURANCE DEAL WITH SWISS RE FOR NZ RETAIL WEALTH PROTECTION PORTFOLIO, EXPECTED TO GET UP TO A$150 MILLION OF CAPITAL TO AMP.AMP EXPECTS TO MONETISE ALL NON-CASH CONSIDERATION OVER TIME.REINSURANCE AGREEMENT IS EXPECTED TO REDUCE NEW ZEALAND PROFIT MARGINS BY A$20 MILLION ON A FULL-YEAR BASIS.AMP CAPITAL WILL ALSO JOIN RESOLUTION LIFE'S GLOBAL PANEL OF PREFERRED ASSET MANAGERS.NEW RELATIONSHIP AGREEMENT ESTABLISHED WITH RESOLUTION LIFE AND AMP CAPITAL WILL CONTINUE TO MANAGE WEALTH PROTECTION AND MATURE AUM.SIMPLIFICATION AND SEPARATION COSTS RELATED TO RESOLUTION LIFE SALE TRANSACTION ARE EXPECTED TO BE IN ORDER OF A$320 MILLION POST-TAX.BUSINESSES HAVE FY18 PRO FORMA OPERATING EARNINGS OF ABOUT A$40 MILLION ON A STANDALONE BASIS.REINSURANCE AGREEMENT WITH SWISS RE FOR NEW ZEALAND RETAIL WEALTH PROTECTION PORTFOLIO EXPECTED TO RELEASE UP TO A$150 MILLION OF CAPITAL TO AMP.  Full Article

Swiss Re Said To Discuss Investment In Insurer Anbang With China - Bloomberg
Friday, 19 Oct 2018 

Oct 19 (Reuters) - :SWISS RE SAID TO DISCUSS INVESTMENT IN INSURER ANBANG WITH CHINA - BLOOMBERG, CITING SOURCES.  Full Article

Swiss Re AG says market remains challenging, sees some opportunities
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Swiss Re AG ::SAYS EXPECTS PRICING ENVIRONMENT TO BE BROADLY STABLE.SAYS SEES SOME OF CURRENT IMPROVEMENTS IN OVERALL MARKET ENVIRONMENT AS A CHANCE FOR INSURANCE SECTOR TO EMBRACE NEW MARKET DYNAMICS.SAYS CURRENT ENVIRONMENT IS STILL INFLUENCED BY AN ABUNDANCE OF CAPITAL.SAYS RISING INTEREST RATES ARE HAVING A POSITIVE IMPACT ON LONG-TAIL LINES OF BUSINESS IN LIFE AND CASUALTY INSURANCE, AS WELL AS ON RETURN PROFILE OF INVESTMENT OPPORTUNITIES ACROSS INDUSTRY.SAYS MARKET ENVIRONMENT REMAINS CHALLENGING, BUT SHORT- AND LONG-TERM OPPORTUNITIES FOR GROWTH EXIST.SAYS CONTINUED GROWTH OF RISK POOLS COMBINED WITH LARGE AND GROWING PROTECTION GAP REPRESENT MOST SIGNIFICANT GROWTH OPPORTUNITIES FOR INDUSTRY.  Full Article

Swiss Re CFO Says We Continue To Be In Discussions With Softbank <9984.T>
Friday, 4 May 2018 

May 4 (Reuters) - Swiss Re ::CFO SAYS YEAR TO DATE RENEWALS A CONTINUATION OF WHAT WE REPORTED FOR JANUARY RENEWALS.CFO SAYS WE CONTINUE TO BE IN DISCUSSIONS WITH SOFTBANK <<<9984.T>>>.NO CLEAR INDICATION THAT TALKS WITH SOFTBANK WILL RESULT IN A COMPLETED TRANSACTION.CFO SAYS WE WOULD WELCOME AN IMPORTANT SHAREHOLDER BUT WE DON’T FEEL THAT WE NEED ONE.CFO SAYS WANTS TO MAKE SURE EXISTING SHAREHOLDERS TREATED FAIRLY IN ANY POTENTIAL SOFTBANK TRANSACTION.CFO SAYS WE AREN’T SPEAKING EXCLUSIVELY TO SOFTBANK.CFO SAYS TALKS TO MANY LARGE GROUPS THAT MIGHT HAVE INTERESTING VIEWS ON FUTURE OF RISKS, OPPORTUNITIES.  Full Article

Swiss Re CEO Says Softbank's Ties To China And China Are "Not Uninteresting"
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Swiss Re ::CFO SAYS CAPITAL POSITION GIVES COMPANY FLEXIBILITY TO RESPOND TO MARKET OPPORTUNITIES WHEN AND WHERE THEY MIGHT ARISE.CEO SAYS HARD TO SEE REINSURANCE M&A THAT WOULD MAKE SENSE.CHAIRMAN SAYS THAT IN CURRENT ENVIRONMENT PRICES EXTREMELY EXPENSIVE FOR M&A.CEO SAYS SOFTBANK'S <<<9984.T>>> TIES TO TECH AND CHINA ARE "NOT UNINTERESTING".CEO SAYS HE DOESN'T THINK 10 PERCENT INVESTMENT COUNTS AS ANCHOR INVESTOR.CFO SAYS EXPECTATION IS SOFTBANK WOULD BUY SHARES FROM OTHER INVESTORS THAT ARE ALREADY IN THE MARKET.  Full Article

Nedap says Swiss Re To Equip 48 Of Its Buildings With Latest Version Of AEOS
Monday, 22 Jan 2018 

Jan 22 (Reuters) - NEDAP ::SWISS RE WILL EQUIP 48 OF ITS BUILDINGS WITH LATEST VERSION OF AEOS, NEDAP’S PHYSICAL ACCESS CONTROL SYSTEM‍​.  Full Article

Legal & General Group to sell mature savings business to Swiss Re
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Legal & General Group Plc ::LEGAL & GENERAL GRP - L&G HAS REACHED AGREEMENT TO SELL ITS MATURE SAVINGS BUSINESS TO REASSURE DIVISION OF SWISS RE LTD ("SWISS RE") FOR 650 MILLION POUNDS​.SAYS ‍BUSINESS BEING SOLD COMPRISES PRINCIPALLY RETAIL CUSTOMERS WHO HOLD TRADITIONAL INSURANCE BASED PENSIONS, SAVINGS AND INVESTMENT PRODUCTS​.EXPECTS FORMAL TRANSFER OF BUSINESS WILL BE COMPLETED IN MID-2019​.  Full Article

Swiss Re CFO: reason to believe severity and frequency of storms will rise- CNBC‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Swiss Re :CFO says we have reason to believe severity and frequency of storms will go up - CNBC‍​.  Full Article

UPDATE 1-Italy's Generali to stop insuring new coal plants

MILAN, Nov 9 Italy's biggest insurer Generali said on Friday it would stop offering insurance coverage for new coal mines and plants, marking a step up in the company's support for green policies.