Half of Swiss Re’s heightened loss picks due to inflation: Dacey
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Half of Swiss Re’s heightened loss picks due to inflation: Dacey

Swiss Re logo with John Dacey.jpg

Roughly half of the Swiss Re’s increased loss expectation for 2022 is due to rising inflation, according to CFO John Dacey.

On a call following the reinsurer’s H1 results this morning, Dacey said the carrier has increased its expectations around losses partly because of changes to its disaster modelling, as well as general price increases.

“We

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