Swiss Re Life Capital Reinsurance Ltd

Management summary

In SST 2018, the SST ratio of Swiss Re Life Capital Reinsurance Ltd (the Company) increases to 202%, 64 percentage points higher than in SST 2017.

The Company is a new internal reinsurer of the Life Capital Business Unit. It is a Swiss-regulated entity, which was created in 2016 and acts primarily as an internal risk pooling vehicle, optimising the capital base of Life Capital. It also provides Life Capital open-book businesses with capital support for their new business activities. Swiss Re Life Capital Reinsurance Ltd is a wholly owned subsidiary of Swiss Re Life Capital Ltd, the holding company for Life Capital Business Unit and has no subsidiary entities.

This Report provides qualitative and quantitative information about the financial condition of the Company.

In this section, we provide information about the business model, the strategy and significant events. Several transactions consisting of novations of existing reinsurance agreements and new retrocession agreements with the Group’s entities were implemented in 2017. Read more

We present the performance of the year under review based on the Swiss statutory income statement. Read more

This section provides an overview of the system of governance, key governing bodies, risk management systems and policies. Read more

The main components of the total risk calculated under SST are discussed in this section. Read more

In this section, we provide the SST balance sheet and additional quantitative and qualitative explanations on differences to the audited statutory financial statements of the Company. Read more

The Company’s capital management strategy and key changes in 2017 are discussed in this section. Read more

This section presents the Company’s SST calculation and includes explanation on changes against the prior year. In November 2017, FINMA approved Swiss Re’s internal model and its components for SST reporting purposes under their revised model review process. Read more