The world’s largest reinsurer recorded a net loss of $ 878 million in 2020. But it expects to benefit in 2021 from the recovery in prices initiated during the January renewals.
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2020, dose horribilis for reinsurance. The leader mondial Swiss Re Friday posted a net loss of $ 878 million for the past year. Blame it on the Covid-19 pandemic and its heavy bill: 3,9 Md$ au total (compensation and reserves). For its managing director Christian Mumenthaler, no worries, however, the leading global reinsurer playing “ its role as a shock absorber ”.
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