Swiss Re Profile
Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, and other insurance-based forms of risk transfer worldwide.
The company serves insurance companies, mid- to large-sized corporations and public-sector clients through brokers and a network of offices worldwide.
Segments
The company operates through four segments, Property & Casualty Reinsurance, Life & Health Reinsurance, Corporate Solutions, and Life Capital.
Property & Casualty Reinsurance and Life & Health Reinsurance
Reinsurance consists of two segments, Property & Casualty and Life & Health
The Reinsurance Business Unit operates worldwide, both through brokers and directly with clients, and provides a range of solutions for risk and capital management. Clients include stock and mutual insurance companies, as well as public sector and governmental entities. In addition to traditional reinsurance solutions, Reinsurance offers insurance-linked securities and other insurance-related capital market products in both Property & Casualty and Life & Health. Property & Casualty includes the business lines property, casualty (including motor) and specialty. Life & Health includes the life and health lines of business.
Corporate Solutions
This segment offers insurance capacity to mid-sized and large multinational corporations worldwide. Offerings range from standard risk transfer covers and multi-line programmers to customized solutions tailored to the needs of clients. Corporate Solutions serves customers from approximately 50 offices worldwide.
Life Capital
This segment manages the company’s primary life and health business. It includes the closed and open life and health insurance books, including the ReAssure business and the primary life and health insurance business, including elipsLife and iptiQ. Through ReAssure, the company acquires closed blocks of inforce life and health insurance business, either through reinsurance or corporate acquisition, and assumes responsibility for administering the underlying policies. The administration of the business might be managed directly or, where appropriate, in partnership with a third party. In the open books business, elipsLife, the Group life and health insurance business, offers solutions to pension funds, corporates and affinity groups through an intermediated business to business to consumer model. The iptiQ business, primarily the individual life and health business, partners with distributors and enables individuals to address their protection needs on a white labelled basis.
History
Swiss Re AG was founded in 1863 and is headquartered in Zurich, Switzerland.