Boeing Grounding, Catastrophes Pull Down Swiss Re First-Half Profit

Swiss Re on Wednesday posted a 5.3% drop in first-half net profit from a year earlier, dented by claims from natural catastrophes and cases related to the Ethiopian Airlines crash and Boeing 737 MAX fleet grounding. The world’s second-largest reinsurance company also posted a loss in its commercial insurance arm, which is in the process… Continue reading Boeing Grounding, Catastrophes Pull Down Swiss Re First-Half Profit