Large losses, cats dent Swiss Re's property/casualty results
Posted On: Nov. 1, 2019 6:52 AM CST
Swiss Re Ltd.'s property/casualty reinsurance division reported an underwriting loss in the first nine months due to large loss events and catastrophes, Artemis reports. The division's net income rose 40% year-on-year to $880 million, and net premiums increased 17% to $14.2 billion.