Swiss Re : Favourable pricing momentum set to support combined ratio improvement
>Bigger-than-expected losses in 2020 - Swiss Re reported its 2020 results on Friday. The group posted a loss of $ 878m, higher than expected (vs our forecast -$ 459m, consensus -$ 526m) due to a larger-than-expected charge for large claims, slightly lower than forecast investment income and non-recurring items at the holding company level. This net income includes COVID costs of $ 3.879bn in 2020 (including $ 910m in Q4). Excluding COVID, Swiss Re’s would have genera...Swiss Re is engaged in wholesale reinsurance, insurance and risk transfer solutions. Co.'s clients include insurance companies, corporations, the public sector and policyholders. Co.'s business units include: Property & Casualty Reinsurance, which includes the business lines property and casualty (including motor); Life & Health Reinsurance, which includes the life and health line of business; Corporate Solutions, which serves mid-sized and large corporations, with product offerings ranging from property and casualty insurance to customised solutions; and Admin Re®, which provides risk and capital management solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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