Swiss Re

Swiss Reinsurance Company (Swiss Re) (SIX: SREN) is a reinsurance company based in Zurich, Switzerland. It specializes in providing reinsurance services for Property and Casualty (P&C) and Life and Health (L&H) lines. As of 2023, it was ranked as the second-largest reinsurer globally in terms of premiums written.

In addition to its reinsurance services, Swiss Re also operates a direct commercial insurance arm as a means to diversify its underwriting portfolio and offers white-label digital insurance solutions via its subsidiary iptiQ. Collectively, the group recorded a gross written premium (GWP) of USD 50.0 billion during 2023, with total premiums earned amounting to USD 44.8 billion during the same period. 

Despite being headquartered in Europe, the region accounted for only ~23% of Swiss Re’s net premiums and fee income, with the US being its largest market—contributing nearly half of the company’s topline. As of March 2023, Swiss Re operated in 29 countries and employed nearly 14,400 staff.

In early-2023, the company announced a reorganization of its operating structure in a bid to unlock efficiencies and reach some of its financial targets. The reorganization will see its P&C and L&H arms operate with greater independence and autonomy. Further, the company has taken a wide range of technology initiatives to keep up with customer expectations and develop new solutions and is working on phasing out the provision of re/insurance to companies from carbon-intensive industries, with a target for a complete cessation of underwriting these areas across the world by 2040.