Strong P&C business bolsters Swiss Re’s net income

Swiss Re Ltd.’s total net income reached $1 billion in the first half of the year, reflecting robust performance on the property and casualty insurance side amid diminishing impacts of the COVID-19 pandemic, Asia Insurance Review reported. Group net premiums earned and fee income increased by more than 7% to almost $21 billion, driven by growth across the P&C business and completion of significant life and health reinsurance transactions.