Swiss Re books 2020 P&C re loss of $247mn on $1.9bn Covid costs
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Swiss Re books 2020 P&C re loss of $247mn on $1.9bn Covid costs

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Swiss Re’s P&C reinsurance unit has swung to a full-year 2020 loss of $247mn, compared with a profit of $396mn in the prior year, as the unit lifted Covid-19 reserving by $300mn in the fourth quarter.

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