Swiss Re succumbs to US casualty, adds $2.4bn to reserves

Swiss Re has revealed it will post an eye-opening $2.4 billion in fresh reserves against troubled US casualty lines, knocking its third quarter net profit to an estimated $0.1 billion and forcing the group to revisit its full-year profit and margin targets.

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Swiss Re succumbs to US casualty, adds $2.4bn to reserves

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