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Swiss Re CFO Says We Don’T Expect A Second Covid Wave Of The Dimension Of The First Wave Economies Have Gotten Smarter
China Pacific Insurance Group Says Determined Final Price Of Issuance To Be US$17.60 Per GDR
Swiss Re directors decided not to launch share buyback programme
Swiss Re AG is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. The Company operates in four segments: Property&Casualty Reinsurance, Life&Health Reinsurance, Corporate Solutions and Life Capital. Its Reinsurance Unit provides premiums and fee income through Property&Casualty and Life&Health segments. Its Corporate Solutions segment is engaged in serving mid-sized and large corporations, with product offerings ranging from traditional property and casualty insurance to customized solutions. Its Admin Re segment provides risk and capital management solutions by which the Company acquires closed books of in-force life and health insurance business, entire lines of business, or the entire capital stock of life insurance companies. Its open and closed life insurance books, including Admin Re, are managed under a unit called Life Capital.
Walter B. Kielholz
Non-Executive Chairman of the Board of Directors
Group Chief Executive Officer, Member of the Executive Board
Vice Chairman of the Board, Lead Independent Non-Executive Director
John Robert Dacey
Group Chief Financial Officer, Member of the Executive Board
Chief Executive Officer Life Capital, Member of the Executive Board
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Reinsurance company Swiss Re <SRENH.S> said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked in the first half of the year would likely cover the bulk of its pandemic-related losses.
Reinsurance company Swiss Re said on Friday that it swung to a loss of $1.1 billion in the first half of the year after booking claims and reserves of $2.5 billion related to COVID-19.
Reinsurance company Swiss Re <SRENH.S> said on Wednesday that claims and reserves of $2.5 billion (1.9 billion pounds) related to COVID-19 will lead to a net first half loss of about $1.1 billion.
Reinsurance company Swiss Re <SRENH.S> said on Wednesday that claims and reserves of $2.5 billion related to COVID-19 will result in a net first half loss of about $1.1 billion.
Switzerland's insurance industry is against tightening the country's immigration rules, a move that will be put to voters this year, Swiss Re Chief Executive Christian Mumenthaler told Handelszeitung newspaper.
Swiss Re <SRENH.S> will disband its Life Capital business unit after wrapping up the sale of its British ReAssure business later this year, the reinsurer said on Friday, adding the unit's head, Thierry Leger, will become its new chief underwriting officer.
Swiss Re will disband its Life Capital business unit after wrapping up the sale of its British ReAssure business later this year, the reinsurer said on Friday, adding the unit's head, Thierry Leger, will become its new chief underwriting officer.
Reinsurer Swiss Re <SRENH.S> swung into a net loss in the first quarter of 2020 as the impact of the coronavirus outbreak began to bite, it said on Thursday.
* SWISS RE CFO SAYS DIFFICULT TO MAKE PREDICTIONS ON INDUSTRY LOSSES AND SWISS RE’S POTENTIAL LOSSES AMID PANDEMIC
Reinsurer Swiss Re said on Thursday that it swung to a net loss in the first quarter of 2020, as the coronavirus outbreak began to bite.
* SHAREHOLDERS APPROVED A 5% INCREASE IN REGULAR DIVIDEND TO CHF 5.90 PER SHARE AND AUTHORISED NEW PUBLIC SHARE BUYBACK PROGRAMME OF UP TO CHF 1.0 BILLION PURCHASE VALUE
Reinsurer Swiss Re is sticking to its 2019 dividend proposal of a 5% increase to 5.90 Swiss francs per share, a spokeswoman said on Friday, despite calls for restraint on payments to shareholders as the coronavirus routs markets.
* SWISS RE SHAREHOLDERS ARE INVITED TO VOTE AT THE UPCOMING ANNUAL GENERAL MEETING (AGM) ON 17 APRIL 2020 IN WRITING OR ELECTRONICALLY VIA THE INDEPENDENT PROXY
* SWISS RE SAYS STAFF MEMBER IN ZURICH HAS CORONAVIRUS INFECTION, PRIVATE BANK PICTET SAYS HAS CASE IN GENEVA (Reporting By Oliver Hirt, Writing by Michael Shields)
* SWISS RE TO CREATE A DIGITAL MARKET CENTER USING MICROSOFT’S DATA ANALYTICS AND ARTIFICIAL INTELLIGENCE CAPABILITIES TO TRANSFORM HOW RISKS ARE PREDICTED, MANAGED AND INSURED
Swiss Re <SRENH.S> plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world's second-biggest reinsurer said on Tuesday, turning to a financial industry veteran with scant insurance experience.
* SWISS RE CHAIR SAYS AGREEMENT IS THAT ERMOTTI NOT TAKE A SECOND CHAIR POSITION AT ANOTHER COMPANY Further company coverage:
Swiss Re said it will nominate UBS Group Chief Executive Sergio Ermotti to be its next chairman, the Swiss reinsurer said on Tuesday.
UBS Group <UBSG.S> Chief Executive Sergio Ermotti is poised to become chairman of Swiss Re <SRENH.S> next year after leaving the helm of Switzerland's biggest bank, three people familiar with the matter told Reuters.
Reinsurer Swiss Re <SRENH.S> reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, sending its shares lower.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.