Swiss Reinsurance Company, known as Swiss Re, is a global reinsurance leader based in Zurich. In 2024, it posted $3.2 billion net income and a 90 percent combined ratio in property reinsurance.
The firm was founded in 1863 after a massive fire destroyed the Swiss town of Glarus. Local insurers realized they lacked enough support for big disaster losses. That event sparked the creation of Switzerland’s first reinsurance company in Zurich.
Other key moments in Swiss Re’s growth include:
In 2024, the company reported strong profits across all reinsurance business lines. Its recent focus includes digital tools, better risk models, and resilience-driven research.
Swiss Re helps insurers manage risk, grow capital, and improve performance through the following offerings:
This business unit supports clients with protection against property, casualty, and specialty risks:
Swiss Re also offers climate risk models and disaster loss data to support pricing and preparedness.
This unit provides capital and tools for clients covering mortality, longevity, and health risks:
Swiss Re partners with life insurers to improve underwriting and develop inclusive health products.
This division offers services and tech that support the full insurance value chain:
Swiss Re offers these reinsurance products and services through these core business units. Its reinsurance support spans 80 offices across 29 countries with deep sector expertise.
Swiss Re fosters a culture rooted in collaboration, innovation, and inclusivity. Employees are encouraged to contribute to meaningful work that addresses global risks and challenges.
Its motto, “we’re smarter together,” reflects a culture that values impact, growth, and belonging. This inclusive work environment comes with key employee benefits:
Swiss Re’s culture helps people succeed while making a real difference in the world.
The firm brings together different cultures, skills, and generations to strengthen its global team. ERGs lead inclusion efforts in many regions and business areas. It also applies these values to client work, like its holistic approach to mental health in life underwriting.
The company runs on fairness, accountability, and clear separation between board and executive roles. Its governance system includes checks and balances across Swiss Re and its global subsidiaries.
The firm stayed strong in 2024 despite changes in the market and global economic pressure. Its reinsurance businesses in P&C and L&H remained stable and well managed. This shows its promise to lead risk protection with solid capital and long-term focus.
Swiss Re is setting new net income targets after strong results in 2024. It aims for over $4.4 billion in profit and tighter control of reinsurance costs. These plans reflect their push to improve returns, which may shape future business strategies.
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