Property and casualty (re)insurance firm Sompo International has been granted a Swiss insurance branch licence from the Swiss Financial Market Supervisory Authority
Zurich Insurance has appointed Emma Sansom as global head of captives. Sansom has been with the company for 20 years and succeeds Paul Wöhrmann in the role
AM Best has affirmed the financial (FSR) of B++ (Good) and the long-term issuer credit rating (long-term ICR) of “bbb+” (Good) of Kot Insurance Company AG (Kot) (Switzerland)
Swiss Re has closed a multi-year stop-loss transaction with J.P. Morgan and other institutional investors to cover underwriting risks across the entire Swiss Re Group, in an innovative combination of bank financing and insurance-linked securities
Allianz and Swiss Re have placed the world’s first legally-binding catastrophe excess of loss reinsurance contract on distributed ledger technology, enabled by the live production network of DLT solutions provider B3i
Swiss Re has acquired the entire share capital of Champlain Reinsurance Company, a Swiss-based run-off reinsurance captive of Alcan Holdings Switzerland
Swiss Re has expanded its partnership with Tata Consultancy Services to develop a social and open digital workplace that leverages the cloud to drive collaboration and innovation
A.M. Best has affirmed the financial strength rating of “A-” (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Sigurd Rück (Switzerland), revising the outlook of the captive reinsurer from stable to negative
