Swiss Re estimates its preliminary combined claims burden in Q2 17 from the hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to be c.$3.6bn, net of retrocession and before tax. Of the total combined losses, claims from the two earthquakes in Mexico are expected to be c.$175m. Swiss Re estimates the total insured market losses of the industry caused by these events to be c.$95bn. The CFO said Swiss Re maintains a very strong capital position and high financial flexibility.
20 Oct 2017
Profit warning for Q3 17 and FY2017
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Profit warning for Q3 17 and FY2017
Swiss Re AG (0QL6:LON) | 0 0 (-0.7%) | Mkt Cap: 32,740m
- Published:
20 Oct 2017 -
Author:
Dieter Hein -
Pages:
2
Swiss Re estimates its preliminary combined claims burden in Q2 17 from the hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to be c.$3.6bn, net of retrocession and before tax. Of the total combined losses, claims from the two earthquakes in Mexico are expected to be c.$175m. Swiss Re estimates the total insured market losses of the industry caused by these events to be c.$95bn. The CFO said Swiss Re maintains a very strong capital position and high financial flexibility.