Swiss Re

History

Year	Detail
1863	Swiss Re was founded in Zürich as the first Swiss reinsurance company that offers traditional products and related services.
1881	Swiss Re signed its first accident reinsurance treaty with Cologne Accident, which is now known as General Reinsurance AG. This treaty marked a significant step in the development of the reinsurance industry, as it was the first time a company specifically focused on accident reinsurance.
1923	Swiss Re founded the North American Reassurance Company, the first professional reinsurance company to write exclusively about life business in the American market.
1924	Swiss Re acquires the majority shareholding of the Bavarian Reinsurance Company in Munich. The company played a valuable role, especially after the Second World War, when it was no longer possible to maintain direct relations with German treaty partners during the Allied occupation of Germany.
1940	The restrictions imposed on foreign reinsurers and their branches in the United States compel Swiss Re to set up two further subsidiary companies: North American Casualty and Surety Reinsurance Corp. and North American Fire and Marine Reinsurance Corp.
1974	Swiss Re Holding Ltd. establishes a German holding company, SR Beteiligungen'AG, in Munich. This company takes over the majority shares of the two all-branch insurance groups, the Ve'einigte and the Magde'urger.
1984	Swiss Re has developed a wide range of services that go beyond the scope of reinsurance in the narrow sense but play a vital role in maintaining customer relations.
1985	Swiss Re develops a future-oriented corporate strategy that considers altered market structures, new market participants and products, and changes on the demand side in risk management.
1988	Swiss Re acquired a majority stake in Lloyd Adriatico, a prominent Italian insurance company based in Trieste. This acquisition was part of Swiss ReRe'sroader strategy to expand its presence in the European insurance market.
1996	Swiss Re again acquired Mercantile & General Re Group, continuing to implement its strategic expansion objectives in the Life and Health sector.
1999	Swiss Re has launched an e-business platform to provide clients direct access to the company's stock knowledge and expertise. This platform allows clients to leverage Swiss ReRe'seep's understanding of risk across various sectors, including life and health, property and casualty, and corporate solutions.
2001	Swiss Re finalized the acquisition of Lincoln Re, a reinsurer based in Fort Wayne, Indiana, for $2 billion. This acquisition strengthened Swiss ReRe's position in the U.S. life and health reinsurance market.
2004	Swiss ReRe' sdmin Re acquired CNCNA's life insurance business for $690 million. This deal involved Swiss Re acquiring CNA Financial CoCorp. 's individual life insurance business, including the company's insurance servicing and administration building in Nashville, Tennessee.
2008	Swiss Re acquired Barclays Life Assurance Co. Ltd. for £762 million. This acquisition expanded Swiss ReRe'sdmin Re business in the UK. The acquired business included approximately 760,000 life insurance, pension policies, and annuity contracts. Barclays had stopped offering new customers since 2001.
2018	Swiss Re and Security First Insurance entered into an agreement that enables Florida residents to include water damage, including flood coverage, in their homeowner's policies. The joint venture represents a breakthrough in flood protection as ratings are based on Swiss ReRe'sroprietary flood model and priced according to the individual risk exposure.
2019	Swiss Re and Pioneer, a global car electronics company, co-developed an innovative telematics solution that provides insurers with a better and more personalized risk assessment while supporting safer driving behavior.
2021	Swiss Re and Climeworks, a Swiss company specializing in carbon dioxide air capture technology, signed the world's first ten-year carbon removal purchase agreement. For Swiss Re, this partnership is an essential milestone toward its goal of reaching net-zero emissions in its operations by 2030.
2023	Swiss Re acquired Fathom, a leading provider of water risk intelligence and flood models, to complement the Swiss insurance solutions division.