Swiss Re knocked from 2022 targets on $1.3bn Hurricane Ian hit

18-10-2022

Swiss Re knocked from 2022 targets on $1.3bn Hurricane Ian hit

Global reinsurer Swiss Re will likely take $1.3 billion in claims from Hurricane Ian, enough to deliver a half billion dollars in third quarter net losses and knock the group off of its 2022 target for a 10% return on equity, management admitted in a preliminary loss estimate.


Swiss Re, Reinsurance, P&C, Hurricane Ian, Claims, Natural Catastrophe, Q3 Earnings, North America, Global

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