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Swiss Re Reinsurance Guide

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Swiss Re Reinsurance Guide 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 30 St Mary Axe, 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 skyscraper, 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.
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