Swiss Re : Heavy losses in H1 strongly affected by the coronavirus
>Swiss Re expects to book losses of $Â 2.5bn for COVID - Swiss Re announced yesterday evening that it expected to book total losses of $Â 2.5bn due to COVID-19 in H1 2020. The group had already booked a loss of $Â 476m for the coronavirus in Q1 2020, mainly for event cancellation insurance, which means that it is set to book a hefty $Â 2.0bn loss for Q2 2020. The group said that this $Â 2.5bn loss in H1 breaks down into: 1/ $Â 1.5bn in P&C reinsurance; 2/ $Â 0.5bn for the co...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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