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

30-04-2020

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

Christian Mumenthaler, chief executive, Swiss Re

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.


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

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