Swiss Re P&C Re nat-cat losses up 42% in Q1 after Oz floods
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Swiss Re P&C Re nat-cat losses up 42% in Q1 after Oz floods

Fiona Robertson
05 May 2022
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Swiss Re took $524mn of natural catastrophe losses in the first quarter, which came in higher than expected, as the reinsurer fell to a $248mn loss for the period.

While its P&C reinsurance unit remained in profit, the group loss also reflected lower investment yield and Covid claims in life & health, which drove that segment to a loss.

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Fiona Robertson
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