swiss reinsurance company ltd


  • [6] • Trade name: Swiss Re; Native name: Schweizerische Rückversicherungs-Gesellschaft AG[1]; Type: Aktiengesellschaft; Traded as: SIX: SREN, Swiss Market Index component;
    ISIN: CH0126881561; Industry: Financial services; Predecessor: Prudentia, AG für Rück- und Mitversicherungen ; Founded: 19 December 1863; 158 years ago; Headquarters: Zurich, Switzerland; Key people: Christian Mumenthaler (group CEO), Sergio
    Ermotti (chairman); Products: Reinsurance, insurance, asset management; Revenue: US $49.314 billion (2019)[2]; ; Net income: US$727 million (2019)[2]; ; Total assets: US$238.567 billion (end 2019)[2]; ; Total equity: US$29.251 billion (end
    2019)[2] ; Number of employees: 15,401 (end 2019)[2] History On 10–11 May 1861, more than 500 houses went up in flames in the town of Glarus, Switzerland.

  • [7] Swiss Re was the lead insurer of the World Trade Center at the time of the September 11 attacks, which led to an insurance dispute with the owner, Silverstein Properties.

  • [12] Swiss Re’s Admin Re subsidiary began with the acquisition on 1 July 2004 of Life Assurance Holding Corporation in the UK.

  • [13] On 31 October 2008, Swiss Re completed a £762 million acquisition of Barclays PLC’s subsidiary Barclays Life Assurance Company Ltd.[14] In June 2014, the company, through
    Admin Re, acquired the UK pensions business of HSBC Life (UK) Limited worth £4.2 billion.

  • Swiss Re was able to make up for some of its losses due to its increased property business.

  • [9] In 2009 Warren Buffett invested $2.6 billion as a part of Swiss Re’s equity capital raise after Swiss Re lost 6 billion francs in its financial market operations in the
    Global Financial Crisis.

  • [8] It acquired the GE Insurance Solutions property/casualty business in 2006, which made Swiss Reinsurance Co. the world’s largest reinsurer.

  • [4] Swiss Re operates through offices in more than 25 countries and was ranked 118th in Forbes Global 2000 leading companies list in 2016.

  • [21] Canadian offices[edit] Swiss Re has two Canadian offices, in Toronto and Vancouver; Swiss Reinsurance Company Canada was named one of Greater Toronto’s Top Employers
    by Mediacorp Canada, Inc., in October 2008, as announced by the Toronto Star.


Works Cited

[‘”Swiss Official Gazette of Commerce”.
2. ^ Jump up to:a b c d e “Financial Report 2019” (PDF).
3. ^ “Privacy Policy”. Swiss Re. Retrieved on 18 January 2011. “Swiss Reinsurance Company Ltd (“Swiss Re”)[…]” and “Swiss Reinsurance Company
Ltd, Mythenquai 50/60, 8022 Zurich, Switzerland (“Swiss Re”) Disclosure notification in accordance with Article 20 of the Swiss Stock Exchange Act.” Swiss Re. 2 August 2007. Retrieved on 18 January 2011. “Die Schweizerische Rückversicherungs-Gesellschaft
(Swiss Re) teilt mit,[…]”
4. ^ Department, P., & 5, N. (2020, November 05). Largest reinsurers worldwide by net premiums 2019. Retrieved December 10, 2020, from
5. ^
“Swiss Re on the Forbes Global 2000 List”. Forbes. Retrieved 13 July 2016.
6. ^ “Global 500”. 21 July 2015. Retrieved 13 July 2016.
7. ^ “Swiss Re – Your expert in capital and risk management”. Archived from the original on 6
September 2008.
8. ^ “Swiss Re wins World Trade Center case”. SWI Retrieved 20 December 2019.
9. ^ Ligi, Antonio (12 June 2006). “Swiss Re Completes $7.4 Billion GE Insurance Purchase (Update2)”. Retrieved 27 June
10. ^ Jolly, David (5 February 2009). “Swiss Re Gets $2.6 Billion From Berkshire Hathaway”. The New York Times.
11. ^ Haig Simonian, Francesco Guerrera (5 February 2009). “Swiss Re turns to Buffett for new
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