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.
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.