Large Claims Knock Profit at Reinsurer Swiss Re

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Swiss Re’s first-quarter results have fallen short of analysts’ estimates as the reinsurance company was hit by a series of big losses. Analysts had expected profits of $657m, but the actual result was a third less than that at $429m as the company was hit by floods in Australia, $90m of claims from the Ethiopian… Continue reading Large Claims Knock Profit at Reinsurer Swiss Re