The logo of the world’s second largest reinsurer Swiss Re is seen inside the company’s offices in Zurich, Switzerland, February 23, 2018. REUTERS/Moritz Hager
January 15, 2019
ZURICH (Reuters) – Reinsurer Swiss Re <SRENH.S> on Tuesday estimated it faced a roughly $1.3 billion claims burden from natural catastrophes and large man-made events in the fourth quarter, bringing its pre-tax total to $2.9 billion for 2018.
“The last quarter of 2018 was severely impacted by natural catastrophes,” said Edouard Schmid, Swiss Re’s Group Chief Underwriting Officer, in a statement. “We are working closely with our clients to ensure affected people and communities are supported.”
(Reporting by John Miller, editing by John Revill)