Swiss Re holds cat toll at $2.3bn
Global (re)insurer Swiss Re has surprised markets by keeping its Japan losses static in its quarterly results.
Speculation had mounted since the publication of Berkshire Hathaway's insurance results, which included a $700mn loss from its 20 percent quota share with Swiss Re, that the latter would be forced to raise its loss estimate.
Bermudian PartnerRe was forced to revise its Japan figure after the giant cooperative Zenkyoren put international reinsurers on notice of a 650bn yen ($7.9bn) preliminary loss estimate...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
