swiss re ltd-spn adr (SSREY) Key Developments
Fosun International Reportedly In Talks To Acquire Aurora National Life Assurance
Aug 19 14
Fosun International Limited (SEHK:656) is in talks to acquire a U.S. life insurance arm of Swiss Re Ltd (SWX:SREN), reported Bloomberg citing people with knowledge of the matter. Fosun is seeking to buy Aurora National Life Assurance Company for $400 million to $500 million, said the people, who asked not to be identified because the matter is private. A deal hasn’t been reached and the talks could still fall through, added the people. The people said that Swiss Re began working with Barclays Plc in 2013, to sell Aurora. One person said that Wilton Re Holdings Limited, backed by Canada Pension Plan Investment Board, had also expressed interest in Aurora. Representatives for Swiss Re, Fosun, Canada Pension Plan, and Barclays all declined to comment to Bloomberg on the sale of Aurora. Ray Eckert, a spokesman for Wilton Re, didn’t return a call seeking comment by Bloomberg on its interest in Aurora.
Swiss Re Corporate Solutions Names Robley Moor as Head of Casualty North America and Promotes Daniel Vetter to Global Head of Casualty
Aug 14 14
Swiss Re Corporate Solutions names Robley Moor as Head of Casualty North America. With this appointment, Mr. Moor becomes Managing Director. He succeeds Daniel Vetter, who is promoted to global Head of Casualty, in the Products & Global Markets unit of Corporate Solutions. Mr. Moor and Mr. Vetter will be based in New York City. Both appointments take effect immediately. Mr. Moor will lead the Casualty North America underwriting team, responsible for operations in the U.S. and Canada. He will report to Robert Petrilli, Head of North America. Mr. Moor joined Swiss Re in New York in 2001. Mr. Vetter, as global Head of Casualty, will report to Nikolaj Beck, Head of Property & Casualty and Special Lines. He will have global responsibility for Corporate Solutions' Casualty portfolio. This includes managing large transactions, developing new products, steering the portfolio from a strategic perspective, and overseeing the company's Casualty underwriting and growth strategy. Mr. Vetter joined Swiss Re in 2000 and served as Head of Casualty North America from 2007-2014.
Swiss Re Reports Earnings Results for the Second Quarter and Six Months of 2014
Aug 7 14
Swiss Re reported earnings results for the second quarter and six months of 2014. For the quarter, the company's profits climbed 2% to $802 million. Premiums rose by 11% to $7.5 billion.
For the six months, the company had a 6% decrease in profit to $2.03 billion. Although premiums climbed from $4.8 billion in the first half of 2013 to $5.57 billion in 2014, net income dropped dramatically to $112 million from $385 million.
Swiss Re Ltd Presents at Bank of America Merrill Lynch - Insurance Credit Investor Roundtable 2014, Jun-19-2014 01:00 PM
Jun 3 14
Swiss Re Ltd Presents at Bank of America Merrill Lynch - Insurance Credit Investor Roundtable 2014, Jun-19-2014 01:00 PM. Venue: Merrill Lynch Financial Centre, 2 King Edward Street, London EC1 A 1HQ, United Kingdom. Speakers: Kurt Karl, the Chief Economist.
Swiss Re Presents at 30th Annual Insurance Conference, Jun-03-2014 09:00 AM
May 31 14
Swiss Re Presents at 30th Annual Insurance Conference, Jun-03-2014 09:00 AM. Venue: Marriott Marquis, 1 53 5 Br oadway, New York, New York, United States. Speakers: Thomas Holzheu, Chief Economist, North America.