Swiss Re dips to $248mn Q1 loss on Ukraine, nat-cat losses

05 May 2022

Swiss Re fell to a $248mn loss for Q1 2022 as its underwriting and investment results saw a downturn on the back of Ukraine losses of $283mn and market volatility, higher than expected nat-cat losses and ongoing Covid claims.

The reinsurer’s return on equity fell to a negative 4.6%, versus a 5.2% gain a year earlier, falling below expectations for a 0.9%

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