Reinsurers – Swiss Re surprises with good figures – Economy

Reinsurer Swiss Re surprisingly made a billion profit in the first three quarters despite high catastrophic claims. The surplus was $ 1.26 billion after losing $ 691 million a year earlier, as Swiss rival Munich Re announced Friday. The company has fared significantly better than most analysts. were waiting. The destruction caused by natural disasters such as Hurricane “Ida” in the United States and the weak “Bernd” in Europe cost the company a total of approximately two billion dollars. However, Swiss Re was in the dark in property and casualty business and in direct business with industrial clients. However, the many corona-related deaths, especially in the United States, have put the life and health industry in the red: here, corona-related damage has totaled around $ 1.2 billion.

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