Free Trial

Reactions Copying and distributing are prohibited without permission of the publisher

Swiss Re earnings drop on Conning sale

17 June 2009

The sale of Conning and Company to private equity firm Aquiline Capital Partners will positively affect Swiss Re, by lowering the reinsurer’s capital requirements.

Read more: conning swiss re Aquiline Capital Partners

The sale of Conning & Company to private equity firm Aquiline Capital Partners will positively affect Swiss Re, by lowering the reinsurer’s capital requirements, according to a research note by Execution. However, the note adds that it will negatively affect the reinsurer’s earnings.

Within Swiss Re’s asset management segment, the company reported SFr75m ($69m) of fees in 2008. Execution analysts say around SFr50m of is was likely to have come from Conning. In...


  • Peru Earthquake Mw6.3 30 Jan 2012 - Updated 1 February. On Monday, 30 January a magnitude Mw6.3 (regional moment ...
  • US Severe Convective Storm 24 Jan 2012 - A severe weather outbreak across the southern U.S. late Sunday, 22 / ...
  • Tropical Cyclone Heidi 12 Jan 2012 - Around 18:30UTC on Wednesday, 11 January (04:30am Wednesday, 12 January, local time) ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
67%
$4bn-$5bn
0%
$5bn-$6bn
33%
$6bn-$7bn
0%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield