Swiss Re profits tumble 67% but CEO says ‘2023 has started well’

Swiss Re profits tumble 67%, but CEO says ‘2023 has started well’ with 13% P&C Re growth at 1.1

Profits at world’s largest reinsurer Swiss Re more than halved due to “higher-than-expected” inflation and heavy nat cat losses in 2022, but its CEO remains bullish on attractive market’ following a solid start at the January 2023 renewals where its P&C Re premium volume grew 13% with overall 18% price increases.

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Swiss Re, Profits, P&C Re, Growth, 1.1 Renewals, Losses, Nat Cat, Insurance, Reinsurance, Natural catastrophe, Inflation, Global, Europe

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Swiss Re profits tumble 67%, but CEO says ‘2023 has started well’ with 13% P&C Re growth at 1.1

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