Swiss Reinsurance Company Ltd, generally known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is the world’s second-largest reinsurer. It acquired GE Insurance Solutions in 2006. Founded in 1863, Swiss Re operates through offices in more than 25 countries. Swiss Re was ranked 118th in Forbes 2000 Global leading companies 2016. It was also ranked 313th in Fortune Global 500 in 2015 - competitor and industry leader Munich Re: 103th. The Swiss Reinsurance Company of Zurich was founded on 19 December 1863 by the Helvetia General Insurance Company (now using the trade name of Helvetia insurance) in St. Gallen, the Schweizerische Kreditanstalt (Credit Suisse) in Zurich and the Basler Handelsbank (predecessor of UBS AG) bank in Basel. On 10/11 May 1861, more than 500 houses went up in flames in the town of Glarus. Two thirds of the town sank into rubble and ashes; around 3000 inhabitants were made homeless. Like the fire of Hamburg in 1842 (which led to the foundation of the first professional reinsurers in Germany,), the great fire of Glarus in 1861 showed that insurance coverage was totally inadequate in Switzerland in the event of such a catastrophe. Hence the need to provide more effective means of coping with the risks posed by such devastation.
Highest paying job titles at Swiss Re include Underwriter, Cloud Software Developer, and Cloud Solution Architect