Munich Re posted strong operating income in the fourth quarter and for 2023 but its net result fell as the group sought to strengthen its position amid uncertainty, said its chief executive officer.
Tag: reserves
Swiss Re’s P&C Combined Ratio Deteriorates to 115.8% on COVID-19 Losses
Global reinsurance giant Swiss Re has reported a net loss of $1.1 billion for the first half of 2020 and a Property & Casualty Reinsurance (P&C Re) net loss of $519 million, driven by claims and reserves related to the ongoing COVID-19 pandemic. The reinsurer warned previously of a $1.1 billion loss in the period… Continue reading Swiss Re’s P&C Combined Ratio Deteriorates to 115.8% on COVID-19 Losses