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.

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