Swiss Re is telling investors and reinsurance market clients that, with a multiyear balance sheet revamp completed, the group’s next phase will depend less on providing capacity to risk markets and more on delivering differentiated risk-intelligence services.
“I’m not here to squeeze a lemon; I came here to build a lemon tree,” CEO Andreas Berger said during a presentation in London today. “It’s about long-term stability and resilience.”
Both Berger and CFO Anders Malmström declared that the reserve overhang that has weighed on the reinsurer is finished. They said Swiss Re has now fully reviewed 100% of its Life & Health portfolios, including U.S. mortality and critical illness blocks that had dragged results for years.
