21 February 2018

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Swiss Re substantially reduces H1 reinsurance top line

4 August 2017

Swiss Re recorded a significant 15.5 percent decline in gross written premium for the first half of 2017 to $9.4bn at its core property casualty reinsurance division compared to H1 2016, in a clear sign that the market's leaders will no longer stomach low prices.

The carrier said the shrinkage "was the result of a reduction in deployed capacity where prices did not meet Swiss Reʼs profitability expectations".

Net income at the P&C division also fell by 37 percent compared...

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