Swiss re reinsurance guide

Continue This article contains content that is written as advertising. Please help improve it by removing advertising content and inappropriate external links, as well as adding encyclopedic content written from a neutral point of view. (December 2019) (Learn how and when to delete this template message) Swiss reinsurance company LtdTrade titleSwiss ReNative nameSchweizerische R'ckversicherungs-Gesellschaft AG-1'TypeAktiengesellschaftTraded asSIX: SRENISINCH0126881561 Industry Finance Services 19 December 1863; 156 years ago (1863-12-19)Headquarters Switzerland-basedCoristin Mumventaler (Group CEO)Walter Kilholz (Chairman)ProductsInsurance, Insurance, Asset ManagementRevenueUS $33.705 billion (2018) Total Capital US$28.727 billion (end of 2018) is a reinsurance company based in zurich, Switzerland. It is the second largest reinsurer in the world. The company acquired GE Insurance Solutions in 2006. Founded in 1863, Swiss Re operates through offices in more than 25 countries. Swiss Re ranked 118th in the forbes 2000 Global 2016 ranking of the world's leading companies. In 2015, it also ranked 313rd in the Fortune Global 500. On May 10,11, 1861, more than 500 houses caught fire in the town of Glarus. Two thirds of the city sank in ruins and ashes; about 3,000 residents were left homeless. Like the fire in Hamburg in 1842, which led to the foundations of the first professional reinsurers in Germany, the great fire in Glarus in 1861 showed that insurance coverage in Switzerland in the event of such a disaster was completely inadequate. The Swiss reinsurance company was founded on December 19, 1863 by the General Insurance Company Helvetia (now known as Helvetia Versicherungen) in St. Gallen, Schweizerische Kreditanstalt (Credit Suisse) in zurich and Basler Handelsbank (the predecessor of UBS AG) in Basel. The company's association's articles were approved by the government of the canton of zurich on the same day. The fund's capital, which was paid for by 15%, amounted to 6 million Swiss francs. The official document of the foundation carried the signature of the poet Gottfried Keller, who at that time was the first secretary of the canton of zurich. Swiss Re was the world trade center's leading insurer during the 9/11 attacks that led to an insurance dispute with the owner, Silverstein Properties. In October 2006, the New York Court of Appeals ruled in favor of Swiss Re, stating that the destruction of the Twin Towers was one event, not two, limiting coverage to $3.5 billion. The business of the British administrator Re Swiss Re began with the acquisition of Life Assurance Holding Corporation on July 1, 2004. October 31 Swiss Re has completed the acquisition of Barclays PLC subsidiary Barclays Life Assurance Company Ltd for 762 million euros. In June 2014, the company, through Admin Re, acquired HSBC Life (UK) Limited's UK pension business for a total of 4.2 billion pounds. Admin Re's business, which was renamed ReAssure, was eventually sold to Phoenix Group Holdings for 3.2 billion euros in July 2020. In 2009, Warren Buffett invested $2.6 billion in Swiss Re equity raising, Berkshire Hathaway already owns 3% of the shares, with ownership rights of more than 20%. In May 2016, the Canadian wildfires at Fort McMurray caused an estimated damage of up to 10 billion CAD, with Swiss Re most exposed to reinsurers covering 70-80% of the losses. Products Group consists of the following three business units: Reinsurance: Reinsurance is Swiss Re's largest business in terms of revenue, providing about 80% of gross premiums in two segments: Real Estate and Accidents and Life and Health. Corporate Solutions: Insurance markets for medium and multinational corporations around the world, with more than 40 offices worldwide. Offers range from standard risk transfer and multi-level programs to high-nauic mechanisms. Life Capital: Takes closed books by virtue of the life and health insurance business, entire lines of business, or all capital of life insurance companies, which allows customers to deprive non-core business blocks, thereby reducing administrative costs and freeing up capital. Swiss Re's management consists of the Board of Directors, the Executive Committee and the Group's Board of Directors. The members of the Executive Committee are Christian Mumventaler, Chief Executive Officer; Guido Ferrer, Chief Investment Officer; John R. Dacey, Chief Financial Officer; Patrick Raaflaub, Director of Risk; Edie Schmid, Chief Underwriting; Moses Ojeishoba, Chief Executive Officer of Reinsurance; Andreas Berger, General Manager of Corporate Solutions; Jane Plunkett, CEO of Reinsurance Asia; J. Eric Smith, CEO of Swiss Re Americas; and Anette Bronder, Chief Operating Officer. The group has offices in more than 25 countries. In Europe, the Middle East and Africa (EMEA), Swiss Re has offices in Denmark, France, Germany, Italy, Luxembourg, the Netherlands, Slovakia, Spain, Switzerland, Israel, southern Africa, the United Arab Emirates and the United Kingdom. In Asia and Australia, the group has offices in the following countries: Australia, China, Hong Kong, India, Japan, Malaysia, Singapore, Korea. There are also offices in America: Barbados, Brazil, Canada, Mexico and the United States. Swiss Re is headquartered in zurich, where the parent company's main premises have been located on the shores of Lake Geneva since 1864. London Its London office is located in the award-winning tower , which opened on 25 25 2004. 30 St Mary Axe is the first eco-sustainable tall building in London. Among the most distinctive features of the building are its windows, which open to allow natural ventilation in addition to mechanical systems for most of the year. The landmark London , designed by architect Norman Foster and popularly known as Cucumber, was confirmed on February 5, 2007 for more than 600 million pounds ($1.18 billion) to a group formed by IVG Immobilien AG of Germany and Evans Randall from Mayfair. The American headquarters of Swiss Re is located in Armonka, New York, on a 127-acre (52-hectare) site overlooking the Keniko Reservoir in Westchester County. The facility, which employs more than 1,000 staff, was completed in 1999 and expanded in 2004. Swiss Re also has offices in Alpharetta, Boston, Calabasas, Chicago, Dallas, Fort Wayne, Houston, Kansas City, Manchester, Marlton, New York, Philadelphia, San Francisco, Miami, Schaumburg, Illinois and Windsor. Swiss Re has two Canadian offices in Toronto and Vancouver; Swiss reinsurance company Canada was named one of Greater Toronto's best employers by Mediacorp Canada Inc. in October 2008, as announced in the Toronto Star newspaper. See also the Swiss Portal Companies List of Investors in Bernard L. Madoff Securities Links - Swiss Official Trade Gazette - b c d e Financial Report 2018 (PDF). Privacy policy. Swiss Re. Received on January 18, 2011. Swiss Reinsurance Company Ltd (Swiss Re) and Swiss Reinsurance Company Ltd, Mythenquai 50/60, 8022 Switzerland (Swiss Re) Notice of disclosure under Article 20 of the Swiss Stock Exchange Act. Swiss Re. 2 August 2007. Received on January 18, 2011. Die Schweizerische R'cversicherungs-Gesellschaft (Switzerland Re) teilt mit,... - SNL's Top 15 Reinsurers: MSA fails to push Europeans out of the leaders spot. July 13, 2015. Received on July 13, 2016. League, Antonio (June 12, 2006). Swiss Re completes $7.4 billion GE Insurance Purchase (Update2). Bloomberg.com. Received on 27 June 2006. Swiss Re on Forbes Global 2000. Received on July 13, 2016. Global 500. July 21, 2015. Received on July 13, 2016. Archived on September 6, 2008 in Wayback Machine, swissinfo.ch, S. W. I.; Corporation, a branch of Swiss Broadcasting. Swiss Re wins The World Trade Center case. SWI swissinfo.ch. Received on December 20, 2019. Re's Swiss division, acquiring the British pension business HSBC Life. London Mercury. Received on June 12, 2014. DAVID JOLLI (February 5, 2009). Swiss Re receives $2.6 billion from Berkshire Hathaway. The New York Times. Haig Simonyan, Francesco Herrera (February 5 Year). Swiss Re turns to Buffett for new funding. Trimait Times. W. Duggan (2016). Bernstein Fort McMurray Insurance Score. Benzing ratings. Received on May 13, 2016. Our Ours and the operating model. Swiss leadership Re - Swiss Re confirms the sale of Gerkin for 600 million euros. Financial Times. February 5, 2007. Received on February 7, 2007. Swiss Re confirmed on Monday that it had sold the distinctive Gherkin building in the City of London for a 600 million pound joint venture between German real estate group IVG Immobilien AG and Evans Randall, a Mayfair-based private equity group. Reasons for selection, 2009 Greater Toronto's Top Employers competition. External links Wikimedia Commons has media related to the Swiss Re. The official website extracted from 2Skyscraper in London, England Gerkin redirects here. For the pickled fruit, see 30 St Mary AxeSeen from Leadenhall StreetAlternative namesThe GherkinGeneral informationStatusCompleteTypeOfficeArchitectural styleNeo-futuristic'citation needed) / Structural Expressionism30 St Mary Axe, London, EC3-2-Coordinates51-30'52N 00'04'49W / 51.51444-N 0.08028'W / 51.51444; -0.08028Coordinates: 51'30'52N 00'04'49W / 51.51444'N 0.08028'W / 51.51444; -0.08028Consection of the beginning2001Polis13 Opened28 April 2004 (2004-04-28) Cost 138 million pounds (plus land value of 90.6 million euros) adjusted for inflation: 230 million euros (plus land value 161 million euros The '6'HeightRoof180 meters (591 ft)Technical detailsFloor count41Floor area47,950 square meters (516,100 sq m) Design and constructionArchitectFo Company PartnersStructuralArupMain contractorSkanskaReferences () is a commercial skyscraper in the primary financial district of London, City of London. It was completed in December 2003 and opened in April 2004. With 41 floors, it is 180 meters (591 feet) tall and stands on former sections of the Baltic Exchange and The Shipping Chamber, which were badly damaged in 1992 when an explosion on the Baltic Exchange device placed by the Provisional IRA in St. Topor Mary, a narrow street leading north of Lidenhall Street. After plans for the 92-storey were dropped, 30 St Mary Axe was designed by Norman Foster and the Arup Group. It was erected by Scanskaya; construction began in 2001. The building has become a recognizable landmark in London and one of the most widely recognized examples of modern architecture. The site of the building is located on the former site of the Baltic Exchange (24-28 St Mary Axe), which was the headquarters of the global market for freight contracts, as well as soft goods, and the Shipping Chamber (30-32 St Mary Axe). On 10 April 1992, the Provisional IRA detonated a bomb near the Exchange, causing extensive damage to the historic building and Structure. The United Kingdom Government's Statutory Advisor on Historic Environment, English Heritage and the governing body of the City of London Corporation, the Corporation of London, was interested in any reconstruction of the old facade of the Baltic Exchange on St. Mary Topor. The stock exchange hall was a famous fixture of the shipping market. English Heritage then discovered that the damage was much more serious than originally thought, and they stopped insisting on a complete restoration, albeit because of the objections of architectural conservationists. The Baltic Exchange and the Chamber of Commerce sold the land to Trafalgar House in 1995. Most of the remaining structures on the Baltic Exchange have been carefully dismantled, and the interior of the Exchange Hall and facade have been preserved in the hope of renovating the building in the future. The salvaged material was eventually sold for 800,000 pounds and moved to Tallinn, Estonia, where it is expected to be re-ened as a central element of the city's commercial sector. In 1996, Trafalgar House unveiled plans for London's Millennium Tower, a 386-metre-high building of more than 140,000 square metres (150,000 sq m) of office space, apartments, shops, restaurants and gardens. The plan was scrapped after objections that it was completely off-scale in the City of London, and is expected to disrupt the flight path for London City and London Heathrow airports; a revised plan for the lower tower was adopted. The tower's upper panoramic dome, known as the lens, resembles the iconic glass dome that covered part of the first floor of the Baltic Exchange and most of which is now on display at the National Maritime Museum. The nickname Gerkin was applied to the current building, at least as far back as 1999, citing the very unorthodox layout and appearance of the plan. On 23 August 2000, Deputy Prime Minister John Prescott issued a building permit much larger than the old Exchange on the site. The site was special because it needed to be designed, it was not on any of the sight lines (the planning guide requires that the new buildings do not interfere with or detract from the view of the dome of St. Paul's Cathedral, if viewed from a number of locations around London), and it housed the Baltic Exchange. It is planned to reconstruct the Baltic Exchange. GMW Architects have proposed a new rectangular building surrounding the restored exchange: it will have the type of large floor plan that banks loved. Eventually, the planners realized that the exchange had not been restored, forcing them to loosen their building restrictions; they hinted that an architecturally significant building might receive a favorable welcome from the city authorities. This gave the architect a free hand in design; it eliminated needs a large, capital-intensive, money-intensive building, the design of which was at the request of the client. The low-level construction plan met the planning authority's desire to preserve London's traditional streetscape with its narrow streets. The mass (necessary clarification) of the tower was not too impressive. Like the former Barclays city headquarters on Lombard Street, the idea was that a passerby on the adjacent streets would be almost oblivious to the existence of the tower until directly underneath it. The design and construction of the building was built by Skanska, completed in December 2003 and opened on April 28, 2004. The main occupant of the building is Swiss Re, a global reinsurance company that has commissioned the building as a head office for its operations in the UK. The tower is thus sometimes known as the Swiss Re Building, although this name has never been official and has recently fallen out of place, as the company's main headquarters are located in zurich and Herkin's name has become more popular. The 30 St Mary Axe under construction building uses energy-saving techniques that allow it to use only half the energy that a similar tower would normally consume. Gaps in each floor create six shafts that serve as a natural ventilation system for the entire building, even though the required fire action on each sixth floor interrupts the pipe. The shafts create a gigantic double glazing effect; the air is sandwiched between two layers of glazing and insulates the office space inside. Architects promote double glazing in residential buildings, which avoids inefficient heat convection through a relatively narrow gap between the glass, but the tower uses this effect. Mines pull warm air out of the building during the summer and warm the building in winter with passive solar heating. The shafts also allow sunlight to pass through the building, making the work environment more pleasant, and keeping lighting costs down. The main methods of controlling wind-excited swaying are increasing stiffness, or increasing damping with customized/active mass shock absorbers. To the design of Arup, its fully triangulated perimeter structure makes the building tough enough without any extra reinforcements. Despite the overall curved shape of the glass, the building has only one piece of curved glass, a lens-shaped lid on top. On the upper level of the building (40th floor) there is a bar for tenants and their guests with panoramic views of London. The restaurant is open on the 39th floor and private dining rooms on the 38th floor. The architects coped with this by having the main elevator only 34th floor, as well as elevator to the 39th floor. There is a marble staircase and an elevator of the disabled, which leads the visitor to the bar in the dome. The building can be seen over long distances: from the north, for example, it can be seen from the M11 motorway, about 32 kilometers (20 miles) from it, while in the west it can be seen from the statue of George III in Windsor Great Park. After completion in April 2005, the glass panel, two-thirds up the tower, fell to the square below. The square was cordoned off, but the building remained open. To protect visitors, a temporary indoor pedestrian crossing was erected, extending across the square to the reception in the building. Engineers inspected the remaining 744 glass panels of the building. The repair costs were covered by Skanska's main contractor and the curtain wall supplier Schmidlin (now Schmidlin-TSK AG). The ventilation system on the open floor did not work as intended because the tenants were adding glass partitions to improve safety. Since its completion, the building has won a number of architecture awards. In October 2004, the architect was awarded the Stirling Prize in 2004. For the first time in the history of the prize, judges were unanimous. In December 2005, a study by the world's largest architects, published in 2006 by BD World Architecture 200, voted for the tower as the most revered new building in the world. However, Ken Shuttleworth, who worked for Foster and the building's design partners, said in 2011 that he believed the style was being moderated: I looked at the glass all around and thought: Why did we do it? Now we will do things differently. The building appeared in recent films such as Harry Potter and the Prince of The Lookout, Good Year, Basic Instinct 2 and Match Point, and, re-starring The Spirit of London, became a centerpiece of Keith Mansfield's novel Johnny Mackintosh and The Spirit of London in 2008. In September 2006, the building was put up for sale with a price tag of 600 million euros. Potential buyers were British Land, Land Securities, Prudential, ING and the Abu Dhabi Royal Family. On 21 February 2007, IVG Immobilien AG and the British investment firm Evans Randall completed a joint purchase of the building for 630 million pounds, making it the most expensive office building in the UK. Swiss Re ordered a profit of more than 300 million euros from the sale. The new owners are seeking compensation from four of their former managers in a deal in which about 620 million euros was paid for a building worth about 200 million euros, giving the previous owners a net profit of 300 million euros. Since February 2010, Sky News has been broadcasting its flagship business program, Jeff Randall Live, from the studio in the building. In addition, the top two floors of the tower are now available privately for events. Aerial view In April 2014, Deloitte announced that the building was back for sale at an expected price of 550 million euros. The current owners could not afford to repay the loan, citing differences in the value of the multi-currency loan and the British pound, high interest rates and the overall financing structure. In November 2014, Gherkin was acquired for 700 million pounds by the Safra group controlled by Brazilian billionaire Joseph Safra. Tenants As of January 2015, the building's current tenants include Standard Life IWG ION Trading Kirkland and Ellis Hunton and Williams Falcon Group Swiss Re Lab49 Algotechs Webscaparate UK In addition, retailers and restaurants operate from sites such as The Sterling and Bridge's Newsagent. See also the London portal Architecture portal Landmarks London Diagrid List of the tallest buildings and structures in London mathematics and architecture torre Glery, a similar form of building in Barcelona Torre D2, a similar shape to the building in Paris Doha Tower similar to the shape of the building in Doha City Hall, the Norman Foster building of a similar shape to the London Willis Building, another Norman Foster Building Links . Gerkin. b c 30 St. Mary Topor, London. Skanska. Archive from the original on July 19, 2011. Received on February 4, 2010. - b c d e f g 30 St Mary Axe. Emporis. Received on February 4, 2010. Worsley, Giles (April 28, 2004). Kudos to Gerkin. The Daily Telegraph. London. b Gerkin has bought the Brazilian banking giant for 700 million pounds (press release). The Daily Telegraph. November 10, 2014. 30 St Mary's Axe at Emporis - b 30 St Mary's Axe, London - construction #58. Skyscrapernews.com. received on June 3, 2014. Uk retail price inflation figures are based on Clark, Gregory (2017) data. Annual RPI and Average Earnings for the UK, 1209 to present (New Series). Measuring. Received on February 2, 2020. 30 St. Mary Axe. Emporis. Received on February 4, 2010. a b 1993: An IRA bomb devastates the City of London. BBC News. April 24, 1993. Archive from the original on April 27, 2009. Received on February 2, 2010. 30 St. Mary Topor (Gerkin). Arup. Archive from the original on February 18, 2010. Received on February 4, 2010. - b Erotic gherkin' for the London skyline. BBC News. August 23, 2000. Archive from the original on September 9, 2010. Received on February 7, 2010. Lane, Megan (July 5, 2007). Extreme restoration. BBC News. Archive from the original on April 27, 2010. Received on February 6, 2010. Murray West, Rosie (September 30, 2000). The Baltic supports the legal fight for gerkin. The Daily Telegraph. London. Received on February 6, 2010. a b History - 1949-Today. Baltic Exchange. Archive from the original august 1, 2010. Received on February 4, 2010. Baltic Exchange Memorial Glass. National Marine Marine Archive from the original on June 23, 2013. Received on December 2, 2014. No cucumbers, please, we're British. Keeper. London. August 6, 1999. Received on November 28, 2009. The questions are the GMW Architects Newsletter (PDF). GMW Architects. page 3. Archive from the original (PDF) dated October 16, 2007. Received on February 6, 2010. a b c d e Spring, Martin (2008). 30 St. Mary Axe: cucumber for all tastes. Building.co.uk. received on February 7, 2010. Hossenally, Ruxana. Gerkin, London, United Kingdom. EasyVoyage.co.uk. received on February 6, 2010. Bar Hillel, Mira; Harris, Ed (2005). Fear of safety because of Gerkin. London Evening Standard. Archive from the original on June 6, 2011. Received on February 4, 2010. Michael W Mehaffy; Rachel Alterman; Leyla Haddad; Straight, Fabian; Toast, Heike; Schouh, Philip; Stefan Wust; Jens K. Prusner; Marcella Ritchel; Deushl, Michael; Mayer-Lindenberg, Andreas (2019). THE White Paper on TALL BUILDINGS RECONSIDERED: Growing evidence of an impending urban crisis. Teca Komisi Urbanism and Architecture. 474 (7352): 10. ISSN 0028-0836. Notable case is London's sustainability bloated Gherkin (, 2003), where the building's open floor ventilation system was compromised when security conscious tenants created a glass separation. TALL BUILDINGS RECONSIDERED Growing evidence of an impending urban crisis (PDF). Construction of the prize for the icon Gerkin. BBC News. October 16, 2004. Eden, Richard (June 26, 2011). The architect behind Gerkin says he has finished designing strangely shaped buildings. The Daily Telegraph. London. Sukhdev Sandu (June 21, 2006). Sex is on the horizon. The Daily Telegraph. London. Received on February 6, 2010. Keith Mansfield 2009 on Johnny Mackintosh and the Spirit of London. BFKbooks. Received on 19 February 2010. Davey, Jenny (September 16, 2006). The Gerkin prize was put up for sale. Times. London. Archive from the original on June 11, 2011. Received on February 4, 2010. Walsh, Fiona (February 6, 2007). Gerkin sold for 600 million euros. Keeper. London. Archive from the original on January 1, 2011. Received on February 4, 2010. - Inman, Philip (February 6, 2007). Gerkin's 600 million pound sale sets a London property record. Keeper. London. Archive from the original on June 14, 2009. Received on February 4, 2010. Why Swiss RE will sell Gherkin... - Article #720. Skyscrapernews.com September 19, 2006. Received on June 3, 2014. IVG seeks compensation from former managers of the Gerkin deal. Real Estate Mall. December 10, 2013. Archive from the original on August 2, 2017. Received on April 24, 2014. Phipps, Nick (February 23, 2010). Sky's City Studio: Don't mention the G-Word. London: Sky News. Archive from the original on February 1, 2012. Received on November 29, 2010. UNITED: Gherkin : Events Rent. hirespace.com. received January 17, 2014 Terry McAllister; Julia Kohl's (April 24, 2014). Gerkin salad days amid a financial pickle for the London Tower. Keeper. London. Deloitte has appointed receivers to 30 St. Mary's Axe (press release). Deloitte. April 24, 2014. External links Wikimedia Commons has media related to the 30 St Mary's Axe. The official website of the Norman Foster website about the project is sourced from

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