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    3. >New Year party at Swiss ski resort turned into a disaster zone
    Headlines

    New Year Party at Swiss Ski Resort Turned Into a Disaster Zone

    Published by Global Banking & Finance Review®

    Posted on January 1, 2026

    3 min read

    Last updated: January 20, 2026

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    Tags:insurancefinancial crisisfinancial managementrisk managementCustomer Service

    Quick Summary

    A tragic fire at a Swiss ski resort's New Year party resulted in 40 deaths and 115 injuries. The cause is believed to be accidental.

    New Year Party at Swiss Ski Resort Ends in Tragedy

    By Denis Balibouse

    CRANS-MONTANA, Switzerland, Jan 1 (Reuters) - As he approached Le Constellation bar to celebrate the New Year in a snowy Swiss ski resort bright with Christmas lights, Dominic Dubois saw flames engulfing the building.

    "You could see the orange, the orange, yellow, red," Dubois told Reuters, describing chaotic scenes as bystanders and emergency crews worked together to pull victims clear.

    He described how people who had managed to escape the burning building were plunged into the freezing night air. "So one of the priorities was to get everyone warm ... the curtains of the restaurant were used," he said.

    Around 40 people were killed and 115 injured when fire tore through the crowded bar during a New Year's Eve party in the Crans-Montana resort, officials said on Thursday.

    Nearby, local resident Samuel Rapp, 21, was dining at a Mexican restaurant when he heard of the blaze, and rushed with his girlfriend to Le Constellation, a bar popular with young people.

    "Police and paramedics ... had already set up a protective perimeter," he told Reuters. "There were people screaming, and then people lying on the ground, probably dead. They had jackets over their faces."

    Fire broke out in the bar at 1:30 a.m. (0030 GMT). The cause of the blaze, which was initially reported as an explosion, was not yet clear but authorities said it appeared to be an accident rather than an attack.

    BANK BRANCH GIVES SHELTER TO SURVIVORS

    Rapp said he had seen videos showing desperate partygoers trampling each other to escape. "People were shouting, 'help me, please help us.'"

    The local branch of UBS bank opened up to give refuge to survivors, said Dubois, standing at the police cordon on Thursday in a green knitted hat.

    "All the tables were pushed aside and people entered and it was warm in there, there was more light as well, so the triage was down there," he said.

    "Paramedics, police - not the firemen, the firemen were out here. And then it was just ambulances coming back and forth as much as possible."

    Video footage showed lines of ambulances queuing and helicopters landing to take victims of the blast to nearby hospitals and specialist burns units in other Swiss cities.

    A waiter in a restaurant near the bar, who declined to be named, said first responders approached staff to ask for tablecloths to cover the bodies to conceal them from onlookers.

    As darkness fell on Thursday evening, small, hushed groups of people, wrapped up against the cold, laid flowers and lit candles on a table in front of the bar.

    (Reporting by Denis BalibouseAdditional reporting by Emma FargeWriting by Ros RussellEditing by Frances Kerry)

    Key Takeaways

    • •A fire broke out at Le Constellation bar in Crans-Montana.
    • •The incident resulted in 40 deaths and 115 injuries.
    • •The cause of the fire is suspected to be accidental.
    • •UBS bank provided shelter for survivors.
    • •Emergency services responded promptly to the scene.

    Frequently Asked Questions about New Year party at Swiss ski resort turned into a disaster zone

    1What is insurance?

    Insurance is a financial arrangement that provides protection against financial loss or risk. It involves the transfer of risk from an individual or business to an insurance company in exchange for premium payments.

    2What is risk management?

    Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. It involves analyzing potential risks and implementing strategies to mitigate them.

    3What is a financial crisis?

    A financial crisis is a situation in which the value of financial institutions or assets drops rapidly. It can lead to a loss of confidence among investors and can result in economic downturns.

    4What is customer service?

    Customer service refers to the support provided to customers before, during, and after purchasing products or services. It aims to enhance customer satisfaction and build long-term relationships.

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