Swiss Re succumbs to US casualty, adds $2.4bn to reserves

Swiss Re has revealed it will post an eye-opening $2.4 billion in fresh reserves against troubled US casualty lines, knocking its third quarter net profit to an estimated $0.1 billion and forcing the group to revisit its full-year profit and margin targets.

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Reinsurance

A focus on new talent: Dalton wants to develop a new cohort of leaders

23 September 2026 Incoming IUMI president Sean Dalton puts talent and member value at the top of his agenda.

Reinsurance

Claims for delays: total-loss events on trapped ships

23 September 2026 Gallagher Bassett's Mark Allison and Tom Perkins explain how a trapped ship can become a total-loss claim, when forwarding costs may be covered and why most cargo policies exclude delay.

Reinsurance

Cargo theft a growing threat for marine insurers

23 September 2026 Organised syndicates using high-tech tools drive a sharp surge in cargo theft losses.