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International

Swiss Re plunges into the red

May 01, 2020 Reprints

Swiss Re Ltd. reported a net loss of $225 million in the first quarter, compared with a profit of $429 million in the previous year, due to the COVID-19 pandemic, Nasdaq reported citing Reuters. The reinsurer's corporate insurance arm has set aside $223 million in reserves for claims related to the pandemic.

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Swiss Re plunges into the red

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