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Swiss Re AG (SRENH.S)

SRENH.S on Virt-X Level 1

99.56CHF
22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Global Economic Losses From Disasters Well Below Avg In H1 -Swiss Re
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Swiss Re AG ::SWISS RE INSTITUTE ESTIMATES GLOBAL ECONOMIC LOSSES OF USD 44 BILLION FROM CATASTROPHES IN THE FIRST HALF OF 2019.GLOBAL INSURED LOSSES FROM DISASTERS WERE USD 19 BILLION IN H1 2019, DOWN FROM USD 26 BILLION IN H1 2018.DISASTER EVENTS CLAIMED MORE THAN 5,000 VICTIMS IN H1.GLOBAL ECONOMIC LOSSES OF $44 BILLION WELL BELOW AVERAGE OF H1 ECONOMIC LOSSES OF PREVIOUS TEN YEARS, WHICH WAS $109 BILLION.  Full Article

Swiss Re CFO Says 2nd Tranche Of Share Buyback Less Likely After Failed Reassure IPO
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Swiss Re AG ::SWISS RE CFO SAYS 2ND TRANCHE OF SHARE BUYBACK LESS LIKELY AFTER FAILED REASSURE IPO, WILL UPDATE AFTER Q3 RESULTS.SWISS RE CFO SAYS LOSSES RESULTING FROM CRASH OF ETHIOPIAN AIRLINE PLANE WAS $130 MILLION.  Full Article

Swiss Re: Not considering re-starting ReAssure IPO this year; long-term options open
Thursday, 11 Jul 2019 

July 11 (Reuters) - Swiss Re ::SAYS CURRENTLY NOT CONSIDERING RE-STARTING IPO PROCESS FOR UK LIFE INSURER REASSURE THIS YEAR; LONG-TERM OPTIONS OPEN.  Full Article

Swiss Re Says Russell Higginbotham To Become New Swiss Re CEO Reinsurance Asia And Regional President
Thursday, 27 Jun 2019 

June 27 (Reuters) - Swiss Re AG ::RUSSELL HIGGINBOTHAM TO BECOME NEW SWISS RE CEO REINSURANCE ASIA AND REGIONAL PRESIDENT.HIGGINBOTHAM SUCCEEDING JAYNE PLUNKETT, WHO HAS DECIDED TO PURSUE CAREER OPPORTUNITIES OUTSIDE SWISS RE.  Full Article

ReAssure Group Confirms Intention To Float
Friday, 14 Jun 2019 

June 14 (Reuters) - ReAssure Group: :REASSURE GROUP PLC SWISS RE LIMITED - CONFIRMATION OF INTENTION TO FLOAT.REASSURE GROUP- INTENDS TO APPLY FOR ADMISSION OF ORDINARY SHARES TO PREMIUM LISTING SEGMENT OF OFFICIAL LIST OF FCA, TO TRADING ON LSE'S MAIN MARKET.REASSURE GROUP - ADMISSION CURRENTLY EXPECTED TO OCCUR IN JULY 2019.REASSURE GROUP - IMMEDIATELY FOLLOWING ADMISSION, CO INTENDS TO HAVE A FREE FLOAT OF AT LEAST 25% OF CO'S ISSUED SHARE CAPITAL.  Full Article

Swiss Re's Reassure CEO-MS&AD will keep 25% stake after UK IPO
Friday, 7 Jun 2019 

June 7 (Reuters) - Swiss Re AG ::SWISS RE UNIT REASSURE CEO SAYS ~MS&AD WILL RETAIN 25% STAKE IN COMPANY AFTER LONDON LISTING.SWISS RE UNIT REASSURE CEO SAYS ~WILL PUBLISH LONDON IPO REGISTRATION DOCUMENT LATER ON FRIDAY.SWISS RE UK UNIT REASSURE CEO SAYS ~NO FINAL DECISION ON TIMING OF IPO.SWISS RE UK UNIT REASSURE CEO SAYS ~UK REGULATORY REGIME MORE FAVOURABLE THAN SWISS FOR ITS BUSINESS.SWISS RE UK UNIT REASSURE CEO SAYS ~THERE'S BEEN SPECULATION ABOUT SALE, WE ARE VERY FOCUSED ON DELIVERING IPO.SWISS RE UK UNIT REASSURE CEO SAYS ~WILL LOOK INTO BULK ANNUITY BUSINESS, NOT PRIMARY FOCUS.  Full Article

Swiss Re UK life unit Reassure plans to list in London
Friday, 7 Jun 2019 

June 7 (Reuters) - :REASSURE UK SERVICES SWISS RE LIMITED - ANNOUNCEMENT OF POTENTIAL INTENTION TO FLOAT.REASSURE -ANNOUNCEMENT OF INTENTION TO PUBLISH A REGISTRATION DOCUMENT AND POTENTIAL INTENTION TO FLOAT ON LONDON STOCK EXCHANGE.REASSSURE IS CONSIDERING APPLYING FOR ADMISSION OF ITS ORDINARY SHARES ("SHARES") TO PREMIUM LISTING SEGMENT OF OFFICIAL LIST OF FCA ( "OFFICIAL LIST") AND TO TRADING ON LONDON STOCK EXCHANGE'S MAIN MARKET FOR.REASSURE HAS A FIVE-YEAR CUMULATIVE SURPLUS GENERATION TARGET FROM 2019 TO 2023 OF £2.1 BILLION AND A CUMULATIVE SURPLUS GENERATION TARGET FROM 2024 ONWARDS OF £4.1 BILLION.REASSURE INTENDS TO HAVE A FREE FLOAT OF AT LEAST 25% OF COMPANY'S ISSUED SHARE CAPITAL.  Full Article

Swiss Says Q1 Group Net Income Of $429 Million
Friday, 3 May 2019 

May 3 (Reuters) - Swiss Re AG ::GROUP NET INCOME OF USD 429 MILLION IN THE FIRST QUARTER 2019.Q1 PROPERTY & CASUALTY REINSURANCE (P&C RE) NET INCOME USD 13 MILLION.L&H RE POSTED RECORD FIRST-QUARTER NET INCOME OF USD 328 MILLION; ROE 19.6%.Q1 ROI INCREASED TO 4.5% FROM 2.2% IN Q1 OF 2018.FIRST TRANCHE OF PUBLIC SHARE BUY-BACK PROGRAMME TO BE LAUNCHED ON 6 MAY 2019.FIRST TRANCHE OF ITS PUBLIC SHARE BUY-BACK PROGRAMME OF UP TO CHF 1 BILLION.IN LIFE CAPITAL, WE ARE FOCUSING ON PREPARING THE POTENTIAL IPO OF REASSURE IN 2019.Q1 NET PREMIUMS EARNED INCREASED BY 5.5% TO USD 8.8 BILLION, REFLECTING GROWTH ACROSS ALL BUSINESS UNITS..  Full Article

Swiss Re Sees Further Price Improvements In Renewals Later This Year
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Swiss Re AG ::CONTINUES TO EXPLORE POTENTIAL IPO OF ITS UK CLOSED BOOK BUSINESS REASSURE IN 2019.EXPECT FURTHER PRICE IMPROVEMENTS IN THE RENEWALS LATER THIS YEAR, ESPECIALLY IN THE LOSS-AFFECTED MARKETS.  Full Article

Rothesay Life Plotting A 3.5 Bln Stg Takeover Of A Division Of Swiss Re - Sky News
Friday, 4 Jan 2019 

Jan 4 (Reuters) - :ROTHESAY HAS APPROACHED SWISS RE ABOUT A TAKEOVER OF REASSURE, A UK UNIT THAT MANAGES LIFE ASSURANCE POLICIES- SKY NEWS.ROTHESAY LIFE IS PLOTTING A 3.5 BILLION STG TAKEOVER OF A DIVISION OF SWISS RE THAT WOULD DERAIL PLANS FOR A STOCK MARKET LISTING- SKY NEWS.  Full Article

BRIEF-Global Economic Losses From Disasters Well Below Avg In H1 -Swiss Re

* SWISS RE INSTITUTE ESTIMATES GLOBAL ECONOMIC LOSSES OF USD 44 BILLION FROM CATASTROPHES IN THE FIRST HALF OF 2019