Swiss Re reports more than $1 billion loss
Posted On: Jul. 23, 2020 8:46 AM CST
Swiss Re Ltd. reported a net loss of around $1.1 billion for the first half of the year, driven by $2.5 billion of claims and reserves related to the COVID-19 pandemic, Asia Insurance Review reports. The reinsurer booked $476 million of losses related to the pandemic in the first quarter.