Swiss Re cedes more of catastrophe risk
Posted On: Aug. 20, 2019 5:51 AM CST
Reinsurer Swiss Re Ltd. has ceded around 4% more of its catastrophe exposure to retrocession sources compared with 2018, Artemis reported. Swiss Re's natural catastrophe risk exposure increased by around 30% during the year, across the core perils of U.S. and Atlantic hurricane, California earthquakes, European windstorm risk and Japanese quake. California quake exposure is up nearly 52%, Japanese quake 7% and European windstorm 9%.