swiss re ltd-spn adr (SSREY) Key Developments
Swiss Re In Talks For Nigerian Acquisition
Jun 3 15
Swiss Re Ltd (SWX:SREN) is in talks with Nigerian insurers to buy minority stakes and benefit from growth in the continent's largest economy. "We'd like to have more investments in places like Nigeria," Frank O'Neill, Swiss Re's Chief Executive Officer for the Middle East and Africa, said. "The challenge is that the valuations are rich. We're looking for the right kind of partners at a price that makes sense. We're at an early stage in talks, but we're positive on the market opportunities." "The direct investments aren't about having a footprint, it's to benefit from the growth in primary insurance," O'Neill said. "Africa is very attractive from a return perspective. The investments also give us a seat on the board and on-the ground-experience. We want more of them in the region."
Swiss Re Ltd Presents at Mexico Trade & Export Finance Forum, May-28-2015 04:15 PM
May 25 15
Swiss Re Ltd Presents at Mexico Trade & Export Finance Forum, May-28-2015 04:15 PM. Venue: Hyatt Regency, Mexico City, Mexico. Speakers: Andreas Dobner, Head Credit & Surety Hub Latin America, Director.
Swiss Re Reports Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year 2015
Apr 30 15
Swiss Re reported earnings results for the first quarter ended March 31, 2015. The company has reported that net income attributable to common shareholders for the first quarter ended March 31, 2015 was $1.44 billion, or $3.83 per diluted share, compared to $1.23 billion, or $3.28 per diluted share, for the same quarter ended March 31, 2014. The company said that the result was driven by profitability across all business units and strong investment results. Total revenues for the first quarter ended March 31, 2015 were $10.46 billion, compared to $8.94 billion for the same quarter ended March 31, 2014. Income before income tax expense for the first quarter ended March 31, 2015 was $1.75 billion, compared to $1.53 billion for the same quarter ended March 31, 2014. Earned insurance premiums and fee income rose slightly to $7.56 billion from $7.55 billion in 2014.
The company reaffirms that it expects to achieve ROE between 10% and 12% on the then-current equity base of $5.5 billion in full year 2015. The company said that it would be appropriate to think about a rate of 20%, 22% in full year 2015.
Swiss Re AG Appoints Trevor Manuel to Board of Directors
Apr 22 15
SABMiller plc announced that its non-executive director, Mr. Trevor Manuel, has joined the board of Swiss Re AG with effect from 21 April 2015.
Swiss Re Ltd Presents at The 12th Annual Global Commodities Finance Geneva 2015, Jun-09-2015 12:15 PM
Apr 16 15
Swiss Re Ltd Presents at The 12th Annual Global Commodities Finance Geneva 2015, Jun-09-2015 12:15 PM. Venue: InterContinental Hotel, Geneva, Switzerland. Speakers: Andreas Seubert, Head Structured Trade Finance.