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Owing to exceptionally high costs for natural catastrophes, Munich Re posted a consolidated loss of €948m for the first quarter of 2011 (previous year: profit of €485m). Despite this quarterly loss, Munich Re still expects to record a profit for the current financial year. Read more
Swiss Re reports a net loss of USD 665 million for the first quarter of 2011, compared to a profit of USD 158 million in the same period of 2010. Property & Casualty was impacted by a very high level of natural catastrophe claims, including the earthquakes in Japan and New Zealand and the floods in Australia. Read more
Zurich, 28 March 2011 — According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were USD 218 billion in 2010, more than triple the 2009 figure of USD 68 billion.  Read more
We are listing here the costliest insured losses due to earthquake in Japan and the whole world. Read more
Swiss Re estimates claims costs of USD 1.2 billion, net of retrocession and before tax.Â
Estimates subject to high degree of uncertainty due to complexity of loss assessment. Read more
Zurich Financial Services Group (Zurich) and AIA Group Limited (AIA) today announced that Zurich Employee Benefits Network (ZEBN), a business area of Zurich Global Life, and AIA have agreed to work together in the Asian employee benefits market. The cooperation between ZEBN and AIA will benefit multinational companies with operations throughout Asia and improve their access to comprehensive employee benefit programs. Read more
Swiss Re reports strong results for 2010, reflecting the sustained earnings power of its business and the strength of its client franchise. The company achieved full-year net income of USD 863 million and earnings per share of USD 2.52.
Read moreOn the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (previous year: €2.56bn), despite substantial major losses. Read more
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (previous year: €2.56bn), despite substantial major losses. Read more