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.

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

Munich Re hit by Q3 cats, but ups 2024 profit target on L&H strength

RenRe profit jumps to $1.2 billion in third quarter

Fresh thinking, talent and innovation needed to tackle the risk landscape: Lloyd’s CCO

No ‘silver bullet’ to driving innovation: Tokio Marine Kiln’s Spyropoulos

The importance of Lloyd’s consortia in driving market innovation and growth

Reinsurers need to double down on staying relevant: Guy Carpenter chair

Malaysian Re is intent on global growth: eyes the big league

Re/insurance talent: Lloyd’s plans in Asia

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

Editor's picks

Editor's picks

More articles