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The combined ratio improved by 0.5 points to 75.7%.
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The company also announced a EUR2bn share buyback.
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CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
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The carrier announced a $175mn share buyback.
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The carrier increased premium by 7% at the January renewals.
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The firm projects losses from the fires at between $160mn-$190mn.
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The carrier will look to grow business outside North America.
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The carrier expects the market loss to land at $35bn-$40bn.
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Cedants could choose to retain more as cross-share sell-offs boost their capital.
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Retention levels for reinsurance fell across the different geographies the carrier operates in.
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Q2 renewals will likely signal changes in the reinsurance market, the broker said.