Swiss Re slips to loss due to COVID-19

Swiss Re slips to loss due to COVID-19, Mumenthaler says crisis 'far from over'

Swiss Re, the world's second-largest reinsurer, swung to a loss in the first quarter of 2020 due to the impact of COVID-19, despite taking "timely and substantial measures" to protect its balance sheet and mitigate the negative impacts of market turbulence on its portfolio.

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Swiss Re, Coronavirus, Insurance, Reinsurance, Q1, Results 2020, Christian Mumenthaler, Europe

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