Swiss Re profits surge 577% with P&C gains; eyes bolder 2024

Swiss Re capitalised on an “attractive market”, leveraging improved price adequacy and robust underwriting to secure major gains in property and casualty reinsurance while meeting all its financial targets in a year its CEO hailed as “a successful 2023”. Large natural catastrophe claims remained below budget, while profits surged by 577% as it recovered from the challenges of the previous year.