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Swiss Re Ltd. has increased its use of third-party capital after its catastrophe risk exposure including European windstorms, Japanese earthquakes and Atlantic hurricanes grew 30% in the first half of this year, Artemis.bm reports. The reinsurer's overall exposure to Japanese quakes increased 7% and to European windstorms grew 9%. Swiss Re's catastrophe reinsurance premiums grew 17% in the first half.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms