GLRE - Swiss Re Sees Mid-Triple-Digit Million Loss For July Floods And South Africa Riots
- Reinsurance firm Swiss Re reported $1 billion of first-half profits.
- During the first half, Swiss Re's P&C reinsurance business suffered $521 million of catastrophe losses, largely due to winter storm Uri in the United States.
- Swiss Re anticipates a combined loss of around the mid-triple-digit million US dollars level after the severe European flooding in July and the riots and social unrest in South Africa, suggesting roughly $500 million should be considered as a guide.
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Swiss Re Sees Mid-Triple-Digit Million Loss For July Floods And South Africa Riots