Swiss Re CEO seeks life deals as P&C remains unattractive


Christian Wuestner

Swiss Re CEO seeks life deals as P&C remains unattractive

Swiss Re CEO Christian Mumenthaler, Source: Swiss Re

Swiss Re is seeking opportunities to grow its life reinsurance business as it shrinks its property/casualty operations, waiting for the soft market to ease.

“We have a lot of excess capital,” group CEO Christian Mumenthaler said during Swiss Re’s Aug. 4 first half results media presentation. “In the short term, opportunities are probably more on the life & health side.”

Mumenthaler envisages, for example, doing more big in-force transactions similar to the one it struck with Citigroup.

At the end of March 2016, a subsidiary of Swiss Re Life & Health America replaced Prime Reinsurance Company as Primerica Life Insurance Company's reinsurer on a coinsurance agreement covering a block of term life insurance policies that were in force on December 18, 2009.

Swiss Re, Reinsurance, Life&Health, P&C, Results, Christian Mumenthaler, David Cole, Europe, Asia Pacific

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