Swiss Re sustains a quarterly loss of 248 million USD

Tweet

Swiss ReSwiss Re has posted a net loss of 248 million USD in the first quarter of 2022, compared to a net profit of 333 million USD a year earlier.

The P&C and Corporate Solutions activities have been hit by a heavier than expected bill of 524 million USD for natural disasters claims after the floods in Australia and the storms in Europe.

Covid-19 claims have cost the group's life and health (L&H) class of business up to 501 million USD.

The Swiss reinsurer has also set up reserves of 283 million USD to provide for the claims caused by the war in Ukraine.

0
Your rating: None
Thu, 05/05/2022 - 15:23
© 2024 Groupe Atlas
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits