News Reinsurance06 May 2019

Global:Reinsurance giant's profits get struck by major claims

With large losses battering its property and casualty businesses, Swiss Re reported a net income of $429m for the first quarter of 2019 which signified a $28m decrease from its Q1 2018 net income and fell short of analysts' expectations. The reinsurer had been expected to earn around $657m during the period, according to analysts.

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