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The possible consequences of the Brexit on Swiss Re

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Magazine Issue: 
Afro-optimism [3]
Magazine date: 
Jun 2016

Faced with a wave of uncertainty caused by the United Kingdom exit from the European Union, Swiss Re has anticipated the possible consequences of this event on its activities.

In the short term, the global reinsurer considers alarming the volatility generated by the Brexit [4]on the financial markets.

The company is particularly exposed to investments in pounds sterling of its Life Capital division. Its total exposure is valued at approximately 38 billion USD, among which 10 billion USD in government bonds and 19 billion USD in corporate debts.

In the long term, risks related to regulatory and tax compliance should probably impact the reinsurer's activities in Great Britain. Despite the threat of deteriorating conditions in the UK market, Swiss Re remains globally a diverse group.
Currently, about two thirds of the total reinsurer's business emanate from non-European markets.

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Thu, 30/06/2016 - 13:59

Source URL: https://www.atlas-mag.net/en/article/the-possible-consequences-of-the-brexit-on-swiss-re

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[3] https://www.atlas-mag.net/en/issue/afro-optimism
[4] http://www.atlas-mag.net/article/brexit-quelles-consequences-pour-le-secteur-de-l-assurance
[5] http://www.atlas-mag.net/en/article/swiss-reinsurance-company-swiss-re
[6] http://www.atlas-mag.net/en/article/swiss-re-a-net-profit-up-by-31-in-2015
[7] http://www.atlas-mag.net/en/article/the-financial-sector-remains-strong-in-france-despite-the-brexit