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United Kingdom

Swiss Re AG (SRENH.S)

SRENH.S on Virt-X Level 1

94.22CHF
18 May 2018
Change (% chg)

CHF-0.24 (-0.25%)
Prev Close
CHF94.46
Open
CHF94.54
Day's High
CHF94.84
Day's Low
CHF93.98
Volume
1,809,684
Avg. Vol
1,912,125
52-wk High
CHF98.80
52-wk Low
CHF81.65

Latest Key Developments (Source: Significant Developments)

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

Swiss Re CEO says Britain remains focus for Admin Re
Friday, 29 Jul 2016 

Swiss Re Ag : CEO says not particularly worried about Brexit for Swiss Re, will continue to do business in Britain . CEO says some forex exposure to euro, British pound . Britain remains our main focus in Admin Re, we have no appetite to go back to the United States . CEO says no topline target for corporate solutions business . CFO says we feel quite comfortable with steady investment returns over rest of the year . CEO says full year in line with natural catastrophe budget based on predictions after H1 . CFO says natural catastrophe budget $1.5 billion for year, expect to spend $1.2 billion Further company coverage: [SRENH.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Swiss Re CFO says UK remains important for reinsurer post-Brexit vote - CNBC
Friday, 29 Jul 2016 

Swiss Re Ag CFO David Cole said in an interview on CNBC : Swiss Re has no plans to relocate U.K. staff back to Switzerland . Britain remains important for reinsurer Further company coverage: [SRENH.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Swiss Re CFO says pricing shows no sign of inflection point
Friday, 29 Jul 2016 

Swiss Re CFO says : Pricing shows no sign of inflection point . Not keeping cash in vaults, have been investing in short-term government bonds . Does not think level of natural catastrophe losses in Q2 will have significant impact on pricing . ‍​Swiss Re sees interesting opportunity to grow and good reason to invite third parties to participate in U.K. closed life business in response to question over reports on sale of Admin Re stake Further company coverage: [SRENH.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Swiss Re approaching state-backed investment funds for sale of 1bln stg stake in Admin Re subsidiary - Sky News
Thursday, 21 Jul 2016 

:Swiss Re approaching state-backed investment funds for sale of 1bln stg stake in Admin Re subsidiary - Sky News, citing sources.  Full Article

Swiss Re structures and places $100 mln catastrophe bond for UPC
Thursday, 7 Jul 2016 

Swiss Re AG :Swiss Re Capital Markets structures and places USD 100 million catastrophe bond for United Property & Casualty Insurance Company.  Full Article

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Global insurers review business after U.S. exit from Iran deal

Global insurers are taking stock of how the U.S. withdrawal from an international agreement to deny Tehran nuclear weapons, and threatened sanctions against companies that do business with Iran, could affect them.