Swiss Re in excess capital quandary awaiting broad hard market
After confronting the issues that challenged its balance sheet
following the 2008-09 financial crisis, Swiss Re is now better
placed than its peers to cash in on a hard market, according to
Espirito Santo Investment Bank analyst Joy Ferneyhough.
But in the absence of a broad market turn, Ferneyhough said she
favours smaller French rival Scor as an investment because of its
"better self-help earnings story".
The analyst noted that the outcome of the 1 January reinsurance
renewals had been...
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