Swiss Re ramps up use of third-party capital to back cat expansion

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.

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