swiss re ltd-spn adr (SSREY) Key Developments
Bradesco To Reportedly Sell Insurance Business To Swiss
Nov 12 15
Banco Bradesco S.A. (BOVESPA:BBDC4) is in talks to sell a high-risk insurance business. Swiss Re Ltd. (SWX:SREN) will acquire the assets for about BRL 800 million, a person with direct knowledge of the matter said. The business Bradesco is planning to sell protects construction and infrastructure projects as well as corporate real estate and equipment. The bank will instead focus on retail insurance, the person said, asking not to be identified because discussions between the Osasco-based bank and Swiss Re are private. Bloomberg added that Bradesco and Swiss Re officials declined to comment on the talks.
Swiss Re Presents at The 8th Annual Brazilian Energy & Infrastructure Finance Forum, Nov-04-2015 04:00 PM
Nov 1 15
Swiss Re Presents at The 8th Annual Brazilian Energy & Infrastructure Finance Forum, Nov-04-2015 04:00 PM. Venue: Hotel Pullman São Paulo Ibirapuera, Rua Joinville 515Vila Mariana, 04008011 Sao Paulo, Brazil. Speakers: Andreas Dobner, Head Credit & Surety Hub Latin America.
International Business Machines Corporation and Swiss Re Group to Develop Underwriting Solutions
Oct 30 15
International Business Machines Corporation, or IBM, and Swiss Re Group have announced that they are developing a range of underwriting solutions that rely on IBM Watson's cognitive computing technologies. By applying Watson's capabilities, the new platform could allow Swiss Re professionals to make better informed decisions and more accurately price risk. Swiss Re and IBM are collaborating to establish a vision for cognitive computing at Swiss Re and the wider insurance industry. As part of the initiative Swiss Re has also set up a Center of Competence where a group of data scientists will work with IBM's cognitive computing technology to explore and deliver a wide range of use cases.
Swiss Re Ltd. Reports Earnings Results for the Third Quarter and Nine Months of 2015
Oct 29 15
Swiss Re Ltd. reported earnings results for the third quarter and nine months of 2015. For the period, the company reported increased third quarter net income to USD 1.40 billion from USD 1.23 billion a year ago. ROE for the quarter improved to 17.3% from 14.8%. Total third quarter revenues dropped to USD 7.91 billion from USD 9.67 billion a year ago. These were offset by a reduction in expenses to USD 6.21 billion from USD 8.02 billion. The group ROI for the quarter was a solid 3.2%.
For the nine months, the company reported net income of USD 3.7 billion. The company reported 2.6% ROE for the nine months.
Swiss Re Ltd. Presents at Asian Energy Financial and Investment Conference 2015, Oct-27-2015 01:45 PM
Oct 24 15
Swiss Re Ltd. Presents at Asian Energy Financial and Investment Conference 2015, Oct-27-2015 01:45 PM. Venue: Marina Bay Sands Convention Center, Singapore. Speakers: Jamie Summons, Head of Weather Solutions-Asia Pacific.