Swiss Re hoards capital in hope of hard market
Swiss Re seems in no hurry to dissipate its strong capital position through an aggressive share buyback as it continues to hold out for a hard market, Espirito Santo Investment Bank analyst Joy Ferneyhough has reported following an investor day.
Ferneyhough held to her neutral recommendation on Swiss Re, but insisted that the reinsurer was better placed than its immediate peer group to reap the rewards of a general market return.
"Capital is key at Swiss Re with some of...
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