Swiss Re AG News

‘Zombie’ Companies Likely to Keep Commercial Insurance Rates Rising

NEW YORK — The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely …

Swiss Re Sees 2013 Total Disaster Cost at $130B

Swiss Re AG, the second-largest reinsurer worldwide, said natural and man-made catastrophes in 2013 caused $130 billion in economic losses tied to floods, hailstorms and other events. Insured losses fell to $44 billion from $81 billion a year earlier, Swiss …