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Swiss Re AG

SRENH.S

Latest Trade

73.20CHF

Change

-1.28(-1.72%)

Volume

2,952,163

Today's Range

73.12

 - 

74.68

52 Week Range

52.68

 - 

117.05

As of on the Virt-X ∙ Minimum 15 minute delay

Latest Developments

Swiss Re Introduces Triple-Digit Internal Carbon Levy

Sept 15 (Reuters) - Swiss Re AG <SRENH.S>::SWISS RE INTRODUCES TRIPLE-DIGIT INTERNAL CARBON LEVY TO SUPPORT TRANSITION TO NET-ZERO EMISSIONS IN OPERATIONS BY 2030.SWISS RE STEPS UP ITS INTERNAL CARBON LEVY TO USD 100 PER TONNE AS OF 2021 AND WILL GRADUALLY INCREASE IT TO USD 200 PER TONNE BY 2030.NEW LEVY INCENTIVISES EMISSION REDUCTIONS IN OPERATIONS AND FUNDS COMPENSATION OF RESIDUAL EMISSIONS VIA CARBON REMOVAL.FURTHER EMISSION REDUCTION EFFORTS FOCUS ON AIR TRAVEL, WITH A 30% CO2 REDUCTION TARGET FOR 2021, RELATIVE TO 2018.

Swiss Re Institute: Global Insured Catastrophe Losses Of $31 Bln In H1

Aug 11 (Reuters) - Swiss Re AG <SRENH.S>::SWISS RE INSTITUTE ESTIMATES GLOBAL INSURED CATASTROPHE LOSSES OF USD 31 BILLION IN FIRST HALF OF 2020, MOSTLY FROM SECONDARY PERILS.GLOBAL INSURED PROPERTY LOSSES FROM DISASTERS WERE USD 31 BILLION IN THE FIRST HALF OF 2020, UP FROM USD 23 BILLION A YEAR EARLIER.NATURAL CATASTROPHES ACCOUNTED FOR USD 28 BILLION OF THE INSURED LOSSES, MOST RESULTING FROM SECONDARY PERILS EVENTS.SEVERE CONVECTIVE STORMS IN NORTH AMERICA CAUSED INSURED LOSSES OF OVER USD 21 BILLION, THE HIGHEST SINCE THE FIRST HALF OF 2011.DISASTER EVENTS CLAIMED MORE THAN 2 000 VICTIMS IN H1 2020.GLOBAL ECONOMIC LOSSES FROM NATURAL CATASTROPHES AND MAN-MADE DISASTERS IN THE FIRST HALF OF 2020 WERE USD 75 BILLION, ACCORDING TO SWISS RE INSTITUTE'S PRELIMINARY SIGMA ESTIMATES.OF THE ECONOMIC LOSSES, AROUND 40% (USD 31 BILLION) WERE COVERED BY INSURANCE.THIS YEAR'S DECLINE WAS IN PART DUE TO THE COVID-19 PANDEMIC, WITH LOCKDOWNS ACROSS THE WORLD BRINGING ECONOMIC ACTIVITY IN MANY COUNTRIES TO A NEAR HALT.THE GLOBAL LOSSES FOR THE FIRST HALF OF THE YEAR MAY BE SUBJECT TO UPWARD REVISION.

Swiss Re CFO Says We Don’T Expect A Second Covid Wave Of The Dimension Of The First Wave Economies Have Gotten Smarter

Swiss Re AG <SRENH.S>::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

June 16 (Reuters) - China Pacific Insurance Group Co Ltd <601601.SS>::CURRENTLY APPLYING FOR ISSUANCE & ADMISSION OF GLOBAL DEPOSITARY RECEIPTS ON LONDON STOCK EXCHANGE.DETERMINED FINAL PRICE OF ISSUANCE TO BE US$17.60 PER GDR.NUMBER OF GDRS UNDER ISSUANCE 102.9 MILLION, WITH GROSS PROCEEDS OF US$1,810.6 MILLION.ISSUANCE COMPRISES 28.9 MILLION GDRS TO BE ACQUIRED BY SWISS RE PRINCIPAL INVESTMENTS CO AS A CORNERSTONE INVESTOR.

Swiss Re directors decided not to launch share buyback programme

April 17 (Reuters) - Swiss Re AG <SRENH.S>::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.AT POST-AGM MEETING, BOARD OF DIRECTORS DECIDED THAT SHARE BUYBACK PROGRAMME WILL NOT BE LAUNCHED.IN LIGHT OF CURRENT VOLATILITY IN FINANCIAL MARKETS AND GLOBAL ECONOMIC SITUATION PRECIPITATED BY COVID-19 PANDEMIC, BOARD OF DIRECTORS CONCLUDED THAT SHARE BUYBACK PROGRAMME WILL NOT BE LAUNCHED.

Swiss Re Says Shareholders To Vote At AGM In Writing Or Electronically

March 19 (Reuters) - Swiss Re AG <SRENH.S>::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.BOARD OF DIRECTORS TO SEEK AUTHORISATION FOR A NEW PUBLIC SHARE BUYBACK PROGRAMME OF UP TO CHF 1.0 BILLION PURCHASE VALUE.SERGIO P. ERMOTTI, JOACHIM OECHSLIN AND DEANNA ONG TO BE NOMINATED FOR ELECTION TO THE BOARD OF DIRECTORS.2019 TOTAL CONTRIBUTION TO ECONOMIC NET WORTH (ENW) OF USD 2.9 BILLION.

Swiss Re CFO Says Taking Coronavirus Seriously But For Now Not Material For Insurance Industry Or Swiss Re

Feb 20 (Reuters) - Swiss Re AG <SRENH.S>::SWISS RE CFO SAYS TAKING CORONAVIRUS SERIOUSLY BUT FOR NOW NOT MATERIAL FOR INSURANCE INDUSTRY OR SWISS RE.

Swiss Re Commits To Net-Zero Emissions By 2030

Feb 20 (Reuters) - Swiss Re AG <SRENH.S>::SWISS RE COMMITS TO NET-ZERO EMISSIONS BY 2030.

Swiss Re Says 2019 Share Buyback Programme Completed As Of 18 February 2020

Feb 18 (Reuters) - Swiss Re AG <SRENH.S>::SWISS RE AG - 2019 SHARE BUYBACK PROGRAMME COMPLETED AS OF 18 FEBRUARY 2020.

Phoenix Group Announces Proposed Acquisition Of ReAssure For 3.2 Bln Stg

Dec 6 (Reuters) - Phoenix Group Holdings PLC <PHNX.L>::PHOENIX GROUP HOLDINGS PLC - PROPOSED ACQUISITION OF REASSURE GROUP PLC.PHOENIX GROUP HOLDINGS PLC - PROPOSED DEAL FOR £3.2 BILLION.PHOENIX - SEES DEAL TO GENERATE ADDITIONAL CASH FLOWS OF ABOUT £7.0 BILLION OVER TIME.PHOENIX GROUP - COST & CAPITAL SYNERGIES OF £800 MILLION EXPECTED BY LEVERAGING PHOENIX'S HIGHLY EFFICIENT OPERATING MODEL.PHOENIX- CONSIDERATION OF £3.2 BILLION WILL BE FINANCED VIA CASH CONSIDERATION OF £1.2 BILLION FUNDED VIA COMBINATION OF DEBT FACILITIES & OWN CASH RESOURCES.PHOENIX GROUP - CONSIDERATION ALSO INCLUDES ISSUANCE TO SWISS RE OF SHARES IN PHOENIX WITH A VALUE OF £2.0 BILLION.PHOENIX GROUP HOLDINGS PLC - ACQUISITION TO ADD £84 BILLION OF ASSETS UNDER ADMINISTRATION AND ABOUT 4.1 MILLION POLICIES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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