https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Losses from natural and man-made disasters are estimated to total $155 billion (€136 billion) this year, down sharply from a hurricane-plagued 2017, the reinsurance giant Swiss Re said on Tuesday. https://www.thelocal.ch/20181218/disaster-linked-losses-in-2018-hit-155-billion-swiss-re Tue, 18 Dec 2018 19:59:28 +0100 disaster-linked-losses-in-2018-hit-155-billion-swiss-re Swiss insurance Baloise has come up with a novel way to try and reduce payouts for hail damage – by using a plane to attack ice-containing clouds. https://www.thelocal.ch/20180814/swiss-insurer-hopes-hail-plane-can-cut-costly-payouts Tue, 14 Aug 2018 23:01:48 +0200 swiss-insurer-hopes-hail-plane-can-cut-costly-payouts Swiss reinsurance giant Swiss Re said on Wednesday talks were ongoing with SoftBank, but that the Japanese group would likely take a stake of no more than 10 percent, much less than earlier expectations. https://www.thelocal.ch/20180404/swiss-re-says-japan-softbank-stake-no-more-than-10-percent Wed, 04 Apr 2018 13:54:25 +0200 swiss-re-says-japan-softbank-stake-no-more-than-10-percent Swiss reinsurance company, Swiss Re, estimates its claim burden in the third quarter from three major hurricanes and two earthquakes in Mexico this year to be approximately $3.6 billion (3.05 billion euros). https://www.thelocal.ch/20171020/swiss-re-estimates-bill-from-natural-disasters-to-reach-36-billion Fri, 20 Oct 2017 11:40:12 +0200 swiss-re-estimates-bill-from-natural-disasters-to-reach-36-billion Devastating earthquakes, floods, hailstorms and wildfires, along with man-made devastation, helped push global disaster costs to $175 billion (161 billion euros) last year, reinsurer Swiss Re said on Thursday. https://www.thelocal.ch/20170328/swiss-insurer-global-disaster-bill-doubled-in-2016 Tue, 28 Mar 2017 14:00:59 +0200 swiss-insurer-global-disaster-bill-doubled-in-2016 From earthquakes in Japan to wildfires in Canada, disasters cost the world economy $71 billion (62 billion euros) in the first half of the year, reinsurer Swiss Re said on Thursday. https://www.thelocal.ch/20160819/swiss-re-natural-disasters-prove-costly-this-year Fri, 19 Aug 2016 10:27:07 +0200 swiss-re-natural-disasters-prove-costly-this-year Natural and man-made disasters cost $92 billion (81.24 billion euros) in 2015, compared with $113 billion in 2014, the Swiss reinsurer Swiss Re said in a report on Wednesday. https://www.thelocal.ch/20160330/swiss-firm-reports-dip-in-global-disaster-bill Wed, 30 Mar 2016 17:14:21 +0200 swiss-firm-reports-dip-in-global-disaster-bill Swiss Re, the world's second largest reinsurance group, announced Wednesday it plans to buy Guardian Financial Services for £1.6 billion (€2.2 billion, $2.4 billion). https://www.thelocal.ch/20150923/swiss-re-gobbles-up-guardian-financial Wed, 23 Sep 2015 11:33:50 +0200 swiss-re-gobbles-up-guardian-financial The global insurance industry gained momentum last year, as economies improved and the long suffering life insurance sector returned to growth in Europe and Japan, says a Swiss study released on Wednesday. https://www.thelocal.ch/20150624/global-insurance-industry-bounces-back-swiss-re Wed, 24 Jun 2015 12:55:40 +0200 global-insurance-industry-bounces-back-swiss-re Extreme weather and other natural and man-made disasters caused $113 billion (90.6 billion euros) in economic losses in 2014, reinsurer Swiss Re said Wednesday. https://www.thelocal.ch/20141217/natural-disaster-losses-fall-in-2014-swiss-re Wed, 17 Dec 2014 14:46:00 +0100 natural-disaster-losses-fall-in-2014-swiss-re Natural disasters caused total economic losses of $41 billion in the first six months of this year, much less than usual, reinsurance group Swiss Re estimated on Wednesday. https://www.thelocal.ch/20140827/worldwide-damage-from-natural-disasters-drops Wed, 27 Aug 2014 17:51:16 +0200 worldwide-damage-from-natural-disasters-drops Zurich-based reinsurance giant Swiss Re said on Wednesday that its net profit rose by two percent to $802 million in the second quarter. https://www.thelocal.ch/20140806/swiss-re-profits-fall-short-of-forecasts Wed, 06 Aug 2014 13:11:00 +0200 swiss-re-profits-fall-short-of-forecasts Natural and man-made disasters caused $140 billion of damage worldwide last year, according to a study released on Wednesday by Zurich-based reinsurance group Swiss Re. https://www.thelocal.ch/20140326/disasters-caused-140-bn-losses-last-year-swiss-re Wed, 26 Mar 2014 12:19:24 +0100 disasters-caused-140-bn-losses-last-year-swiss-re Disasters caused global economic losses of about $130 billion this year, Swiss Re said on Wednesday, but there was little insurance coverage for the deadliest catastrophe, Typhoon Haiyan in the Philippines. https://www.thelocal.ch/20131218/philippines-disaster-largely-uninsured-swiss-re Wed, 18 Dec 2013 17:55:00 +0100 philippines-disaster-largely-uninsured-swiss-re Catastrophes cost global insurers more than $20 billion in just the first six months of 2013, including $17 billion for natural disasters alone, Switzerland-based reinsurance giant Swiss Re said on Wednesday. https://www.thelocal.ch/20130821/natural-disasters-take-toll-on-insurers-swiss-re Wed, 21 Aug 2013 16:25:41 +0200 natural-disasters-take-toll-on-insurers-swiss-re The devastating floods that hit central and Eastern Europe last month caused up to $4.5 billion (€3.5 billion) in losses for the insurance industry, Switzerland's re-insurance group Swiss Re said on Monday. https://www.thelocal.ch/20130708/damage-from-floods-mounts-into-billions Mon, 08 Jul 2013 14:08:42 +0200 damage-from-floods-mounts-into-billions Switzerland-based reinsurance giant Swiss Re on Thursday posted a first quarter net profit that was 21 percent higher than in the same period a year earlier at $1.4 billion, as fewer catastrophes resulted in lower-than-expected claims. https://www.thelocal.ch/20130502/swiss-re-benefits-from-cut-in-catastrophes Thu, 02 May 2013 14:40:00 +0200 swiss-re-benefits-from-cut-in-catastrophes Swiss Re, one of the world's biggest reinsurance groups, says it resolved a dispute with billionaire Warren Buffett's Berkshire Hathaway over a 2010 insurance policies deal, and would accept a settlement of $610 million from the US company. https://www.thelocal.ch/20130328/swiss-re-resolves-dispute-with-warren-buffett Thu, 28 Mar 2013 10:30:00 +0100 swiss-re-resolves-dispute-with-warren-buffett Natural and man-made disasters caused $186 billion in damage worldwide last year, according to a calculation released on Wednesday by the Swiss re-insurance group Swiss Re. https://www.thelocal.ch/20130327/damage-from-2012-disasters-dings-insurers Wed, 27 Mar 2013 19:22:07 +0100 damage-from-2012-disasters-dings-insurers Zurich-based insurer Swiss Re said on Thursday that its net profit rose by 61 percent in 2012 to $4.2 billion, outpacing market forecasts, despite the impact of Hurricane Sandy. https://www.thelocal.ch/20130221/swiss-re-beats-forecasts-with-profit-rise Thu, 21 Feb 2013 16:29:00 +0100 swiss-re-beats-forecasts-with-profit-rise