Swiss Re: Ukraine likely to be ‘mid-sized’ cat loss
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Swiss Re: Ukraine likely to be ‘mid-sized’ cat loss

Thierry Leger 2021.jpg
Thierry Léger

The Russian invasion of Ukraine is likely to result in a “mid-sized” cat loss, according to Swiss Re CEO Christian Mumenthaler.

Speaking at the carrier’s investor day on 7 April, Mumenthaler added that, typically with medium-sized cat losses, the reinsurance market absorbs 50% and confirmed Swiss Re had a roughly 10% share of the global reinsurance market.

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