Shutterstock.com_2415349997/Julia Lav
7 May 2026Reinsurance

Swiss Re down 8.1% at 1/4; prices down 2.5%, loss trend up

Swiss Re suffered an 8.1% decline in its reinsurance book up for renewal at the 1/4 exercise on a mix of impacts from declining rate and apparent exposure pruning.

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12 May 2026   CFO says April’s 18.5% book cut need not foreshadow 1/6 attrition.
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12 May 2026   Revenue decline driving an uptick in nat cat and loss component weightings.
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12 May 2026   Walked away from 13% of the book at the start, lost 9.2% of the rest.