Swiss Re

SBLI Partners with Swiss Re to Deliver an Innovative Claims Experience

Retrieved on: 
Tuesday, February 7, 2023
Fintech, Professional Services, Insurance, Finance, Documentation, Frustration, Paper, Policy, Heart, Life insurance, SBLI, Swiss Re

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announced it has partnered with Swiss Re to offer its customers Swiss Re’s Automated Claims Experience solution, a state-of-the-art digital tool that guides beneficiaries through the claims process.

Key Points: 
  • SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announced it has partnered with Swiss Re to offer its customers Swiss Re’s Automated Claims Experience solution, a state-of-the-art digital tool that guides beneficiaries through the claims process.
  • "Delivering on our claims promises is at the heart of Swiss Re's mission to make the world more resilient," said Neil Sprackling, President US Life and Health at Swiss Re.
  • "We're delighted to partner with SBLI to help create a better experience for policyholders and beneficiaries."
  • Over time, platform enhancements will be introduced to further optimize the claims experience.

A.I. Sustainability Framework Opportunity Zones Located

Retrieved on: 
Thursday, January 26, 2023
History, COVID-19, Personalized medicine, Death, COVID, Learning, Health, Swiss Re, Ethics, Imagination, Communication, Knowledge management, World Health Organization, American Farm Bureau Federation, Research, Science, Pharmaceutical industry

Using state-of-the-art technology in ways that integrate societal and individual health with patient-centered approaches is its essential core.

Key Points: 
  • Using state-of-the-art technology in ways that integrate societal and individual health with patient-centered approaches is its essential core.
  • This translational model transcends economic and geographic boundaries and disparities by harnessing available technologies and best practices.
  • The platform is a cross-disciplinary hub that spans business, industry, science, big data tech, media, research, philanthropy, venture funds, and ethical care delivery.
  • Framework supports progress while leveraging and scaling humanity's technological potential to do good," shared Kristin Raffaelle.

Thierry Léger is appointed Chief Executive Officer of SCOR

Retrieved on: 
Thursday, January 26, 2023
Swiss Federal Institute of Technology, Executive Committee, Policy, Insurance, Risk management, Ponts, ISFA, Transformation, Q4, Mass meeting, Life, SCOR, P&C, Directorate-General for Economic and Financial Affairs, FFSA, Swiss Federal Institute of Aquatic Science and Technology, History, Swiss Re, Corporate finance, Civil engineering, ETH, Deutsche Bank, Lehman Brothers, Interim, Merrill (company), Supply chain operations reference, Environment, Institut des sciences de l'ingénieur de Toulon et du Var, Growth, Committee, University, Doctor of Philosophy, Engineering, Management, Investment, Swiss

The Board of Directors, acting on the proposal of the Nomination Committee, has unanimously decided to appoint Thierry Léger Chief Executive Officer of SCOR.

Key Points: 
  • The Board of Directors, acting on the proposal of the Nomination Committee, has unanimously decided to appoint Thierry Léger Chief Executive Officer of SCOR.
  • François de Varenne, Executive Committee member in charge of Investments, Technology, Transformation and Group Corporate Finance, is appointed Interim CEO of SCOR with immediate effect until Thierry Léger takes up his post.
  • As of January 2016, he was appointed Chief Executive Officer Life Capital and member of the Swiss Re Executive Committee.
  • In October 2008, he was appointed Chief Executive Officer of SCOR Global Investments.

Swiss Re appoints Velina Peneva as Group Chief Investment Officer

Retrieved on: 
Thursday, February 2, 2023
Bain, Retirement, Christian Mumenthaler, Climate change, Partner, Insurance, Risk, Law, Notice, Asset management, Crime, Bain & Company, Striscia la notizia, Swiss Re

Zurich, 16 January 2023 – Swiss Re announced today the appointment of Velina Peneva as Group Chief Investment Officer and member of the Group Executive Committee, effective 1 April 2023.

Key Points: 
  • Zurich, 16 January 2023 – Swiss Re announced today the appointment of Velina Peneva as Group Chief Investment Officer and member of the Group Executive Committee, effective 1 April 2023.
  • Group Chief Executive Officer Christian Mumenthaler said: "We're pleased that with Velina Peneva, we've been able to find a capable internal candidate to lead our Asset Management unit forward.
  • Velina has a very strong track record both within and outside Swiss Re.
  • Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

UFG Insurance Appoints Julie Stephenson as New Chief Operating Officer

Retrieved on: 
Thursday, January 5, 2023
Stephenson, CNA Financial, Insurance, Texas A&M University, UFCS, Swiss Re, UFG, Management

CEDAR RAPIDS, Iowa, Jan. 05, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (“UFG”) is pleased to announce the appointment of Julie Stephenson as its new executive vice president and chief operating officer (“COO”), effective January 30, 2023.

Key Points: 
  • CEDAR RAPIDS, Iowa, Jan. 05, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (“UFG”) is pleased to announce the appointment of Julie Stephenson as its new executive vice president and chief operating officer (“COO”), effective January 30, 2023.
  • She succeeds the company's longtime COO Michael Wilkins, who retired from UFG at the end of September.
  • Stephenson has over 25 years of experience in the insurance industry, most recently serving as global head of casualty reinsurance at Swiss Re.
  • Prior to joining Swiss Re in 2021, she held the positions of chief operating officer-middle market and commercial chief underwriting officer at CNA Insurance and global liability manager for Chubb Insurance.

Swiss Re proposes new members to join its Board of Directors

Retrieved on: 
Sunday, December 18, 2022
Finance, Audit committee, Hong Kong Exchanges and Clearing, Associate, Communication, Climate change, Sale, Executive Committee, Insurance, AGM, McKinsey & Company, Lead, Prospectus, Professional Football Compensation Committee, Vulnerability and Risk Committee, HKEX, Crime, Annual general meeting, BCG, Investment, Financial compensation, Sanford, Risk, Erwin Fassbind, PricewaterhouseCoopers, Committee, Tutoring, Management, Swiss Re
Key Points: 

    Carbonfuture and Swiss Re sign multi-year offtake agreement to support high quality standards in the biochar carbon removal market

    Retrieved on: 
    Thursday, December 1, 2022
    Growth, Swiss Re, Paris, MRV, Risk, Partnership, Climate, Friction, Carbon, Microsoft, Renewable energy, Swiss

    FREIBURG, Germany, Dec. 1, 2022 /PRNewswire/ --The signing of a multi-year purchase agreement between Carbonfuture and Swiss Re exemplifies how buyers can support carbon removal solutions that guarantee high quality standards.

    Key Points: 
    • FREIBURG, Germany, Dec. 1, 2022 /PRNewswire/ --The signing of a multi-year purchase agreement between Carbonfuture and Swiss Re exemplifies how buyers can support carbon removal solutions that guarantee high quality standards.
    • The renewed partnership between one of the world's leading reinsurers and MRV platform and carbon removal credit marketplace Carbonfuture shows that managing risks in the carbon removal market is a priority for market participants.
    • Strong demand signals for high quality solutions as the one offered by Carbonfuture will help ensure the integrity of the carbon removal industry as it grows as well as ultimately accelerate mainstream adoption of carbon removal towards reaching net zero.
    • This protects against the biochar being used for means other than carbon removal and was an important reason for Swiss Re to choose Carbonfuture as a supplier."

    Carbonfuture and Swiss Re sign multi-year offtake agreement to support high quality standards in the biochar carbon removal market

    Retrieved on: 
    Thursday, December 1, 2022
    Growth, Swiss Re, Paris, MRV, Risk, Partnership, Climate, Friction, Carbon, Microsoft, Renewable energy, Swiss

    FREIBURG, Germany, Dec. 1, 2022 /PRNewswire/ --The signing of a multi-year purchase agreement between Carbonfuture and Swiss Re exemplifies how buyers can support carbon removal solutions that guarantee high quality standards.

    Key Points: 
    • FREIBURG, Germany, Dec. 1, 2022 /PRNewswire/ --The signing of a multi-year purchase agreement between Carbonfuture and Swiss Re exemplifies how buyers can support carbon removal solutions that guarantee high quality standards.
    • The renewed partnership between one of the world's leading reinsurers and MRV platform and carbon removal credit marketplace Carbonfuture shows that managing risks in the carbon removal market is a priority for market participants.
    • Strong demand signals for high quality solutions as the one offered by Carbonfuture will help ensure the integrity of the carbon removal industry as it grows as well as ultimately accelerate mainstream adoption of carbon removal towards reaching net zero.
    • This protects against the biochar being used for means other than carbon removal and was an important reason for Swiss Re to choose Carbonfuture as a supplier."

    Hurricane Ian drives natural catastrophe year-to-date insured losses to USD 115 billion, Swiss Re Institute estimates

    Retrieved on: 
    Thursday, December 1, 2022
    Tropical Storm Ian, Swiss Re, Environment, Science, Hurricane Katrina, Risk, Extreme weather, Weather, Insurance, Climate change, Nature, USD, Pacific typhoon season, Urbanization, Multiple-peril insurance, Flood, EUR, Hurricane Andrew, Ian, Property insurance

    The re/insurance industry covered roughly 45% of the economic losses this year, indicating a large protection gap across the world.

    Key Points: 
    • The re/insurance industry covered roughly 45% of the economic losses this year, indicating a large protection gap across the world.
    • Hurricane Ian is this year's costliest natural catastrophe with estimated preliminary insured losses of USD 5065 billion.
    • Swiss Re Institute estimates it to be the second-costliest insured loss ever on sigma records after Hurricane Katrina in 2005.
    • Urban development, wealth accumulation in disaster-prone areas, inflation and climate change are key factors at play, turning extreme weather into ever rising natural catastrophe losses.

    Market hardening and higher interest rates: the silver lining for insurers as the global economy slows

    Retrieved on: 
    Sunday, November 27, 2022
    Health, Growth, Risk, Swiss Re, Insurance, CPI, Government, Silver, Inflation

    The effect of inflation on the global economy has led to total global insurance premium falling slightly by an estimated 0.2% in real terms in 2022.

    Key Points: 
    • The effect of inflation on the global economy has led to total global insurance premium falling slightly by an estimated 0.2% in real terms in 2022.
    • A silver lining for the insurance industry comes from central bank interest rate increases that are expected to improve investment results over the medium term.
    • Jrme Haegeli, Swiss Re Group Chief Economist said: "In our view, the global economy will cool down noticeably under the weight of inflation and interest rate shocks.
    • The repricing of risk in the real economy and financial markets is actually healthy and a long-term positive.