Major ‘turning point’ for Swiss Re as profits rebound to $1.4bn after big drop due to pandemic

Global reinsurance giant Swiss Re’s “sharpened group strategy” and disciplined underwriting helped the business swing back to profit, turning around from the massive loss of last year, with strong performance in its property/casualty reinsurance business comfortably outweighing the loss in life & health segment. Its chief executive described 2021 as an “important turning point” for Swiss Re.