Swiss Re P&C unit swings to 9M $283mn loss on Ian, South Africa and Oz floods

28 October 2022

Swiss Re’s P&C unit reported a nine-month loss of $283mn as it suffered the impact of Hurricane Ian, flooding in South Africa and Australia, hailstorms in France and other nat-cat events.

At group level, Swiss Re booked a net loss of $285mn for the nine-month period, as group return on equity (RoE) dropped to -2.1%

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