Songquan Deng_Shutterstock.com_333710990/ Swiss Re

22 August 2024Reinsurance

Swiss Re writes new reserves to cut 16% y/y from H1 P&C Re underwriting profit

Global reinsurance group Swiss Re wrote heavy new provisions to dampen H1 financial results in P&C reinsurance, pushing segment underwriting profits down 16% year on year, but leaving itself on track to hit sacrosanct annual profit targets.

Already registered?

Login to your account

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

Munich Re says slow-moving 1/1 renewal battle not just about price

12 November 2026 CFO Buchanan sees negotiations broadening even as capital weighs on pricing.

Munich Re sets sights on P&C combined ratio dropping below 80%

12 November 2026 Also sees global specialty insurance CoR improvement by year-end.

Rate cuts may ease, but brokers have another lever to pull: Conduit Re

11 November 2026 Warns wider contract terms could become the next battleground as renewals approach.

More articles

Munich Re says slow-moving 1/1 renewal battle not just about price

Zurich grows P&C premiums 7% despite a commercial pricing slide

Munich Re sets sights on P&C combined ratio dropping below 80%

Pelagos profits halve as marine war losses hit third-quarter underwriting

Antares increases 2027 syndicate capacity to £445m

Allianz lifts full-year profit target despite rising P&C catastrophe losses

Willis appoints 17-year veteran to lead global risk engineering

Poorly governed AI could accelerate underwriting errors, warns KBRA

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze