Swiss Re Ag · SIX:SREN
Swiss Re — Investor Presentation (September 2009)
12 slides from Swiss Re's investor presentation, Sep 7, 2009
Slide 1: Swiss Re investors and media meeting
ab Swiss Re investors and media meeting Monte Carlo 7 September 2009 Investors and Media meeting Monte Carlo 7 September 2009 ab Today’s agenda Introduction Stefan Lippe, CEO Business messages Michel M. Liès, Head of Client Markets ILS Martin Bisping, Head of Non-Life Risk Transformation Que
Slide 2: Building on our strengths
ab Building on our strengths Focus on the core CHF 4.5bn excess AA capital at Q2 2009, with more to be Serve our clients Ensure capital strength People & expertise Create achieved through internal capital generation shareholder value Fit to compete Significant progress in de-risking Powerful c
Slide 3: We are in a strong position to support our clients
We are in a strong position to ab support our clients The P&C insurance industry has proven its resilience, and rebounded quickly from the financial crisis Long-tail segments, especially US casualty, have not adjusted to lower interest rates, years of premium reductions and anticipated loss tren
Slide 4: Creating differentiation for our clients and shareholders
Creating differentiation for our clients ab and shareholders Swiss Re’s top priority is to deploy capacity, capital and solutions to enable our clients to take advantage of opportunities When underwriting markets are mixed and tumultuous, a simplistic “broad-brush” approach across industry segme
Slide 5: Renewal: January 2010 European Property & Casualty trends
ab Renewal: January 2010 European Property & Casualty trends Property Peak nat cat capacity remains scarce and valuable No strong global trends: price increases in some loss-affected regions and industries Industrial risks remain competitive and threaten to underperfom Casualty Sufficient ca
Slide 6: Renewal: European Special Lines trends and renewal summary
ab Renewal: January 2010 European Special Lines trends Specialty Marine results are fragile in light of economic downturn Engineering remains broadly soft, with some positive sub-segments Airline rates are likely to increase after 2009 claims; general aviation expected to remain flat Credit &
Slide 7: Insurance Linked Securities: fundamentals remain strong
ab Today’s agenda Introduction Stefan Lippe, CEO Business messages Michel M. Liès, Head of Client Markets ILS Martin Bisping, Head of Non-Life Risk Transformation Questions & answers Investors and Media meeting Monte Carlo 7 September 2009 Slide 13 ab Insurance Linked Securities The fundamen
Slide 8: ILS markets recovering transactions YTD, more in pipeline
ab ILS markets recovering 11 transactions YTD, more in pipeline Total cat bonds outstanding by year ILS market rebounding, strong 2009 deal USD m pipeline 18'000 New issue levels YTD of USD 1.8bn bringing 15'000 outstanding bonds to nearly USD 14bn – More conservative collateral solutions have 8
Slide 9: ILS outlook for Swiss Re
ab ILS outlook for Swiss Re Swiss Re’s ILS expertise is part of our core offering to clients, and a foundation for our own hedging strategy Swiss Re’s strong origination platform, appetite for basis and execution risks, and ability to structure risks into innovative products results in a leading
Slide 10: Corporate calendar & contacts
ab Corporate calendar & contacts Corporate calendar 03 November Third quarter 2009 results Conference call 09 December Investors' Day 2009 Zurich Investor Relations contacts Hotline E-mail +41 43 285 4444 Investor_Relations@swissre.com Susan Holliday Ross Walker Chris Menth +44 20 7933 3890 +41 43 2
Slide 11: Pioneer in ILS
ab Appendix Investors and Media meeting Monte Carlo 7 September 2009 Slide 21 ab Pioneer in ILS 45% market share from 2007 to 2009 Swiss Re has underwritten nearly USD 14bn from 1997-2009, of which 63% for third party clients USD m Swiss Re 13 413 310 USD 13.7bn underwritten by Swiss Re Goldman Sach
Slide 12: Risks securitised since 1997
ab Risks securitised since 1997 Multiperil 36% ($10,413m) US Wind 23% ($7,050m) CA EQ 11% ($3,208m) Euro Wind 7% ($2,267m) Extreme Mortality 7% ($2,159m) Japan EQ 5% ($1,529m) Auto 3% ($847m) PNW EQ 2% ($600m) Industrial Accident 1% ($405m) Japan Typhoon 1% ($400m) Credit Reinsurance 1% ($305m) Even