Swiss Re : Q1 net income impacted by the crisis
>A loss of $ 225m in Q1 2020 due to the crisis… - Swiss Re published its Q1 2020 results on Thursday. Bear in mind that in Q1, the group only reports the main items in its P&L. Swiss Re posted a loss of $ 225m in Q1 2020 (vs a gain of $ 429m in Q1 2019) slightly better than expected (consensus of -$ 299m with forecasts ranging from -$ 771m to +$ 285m; our forecast was for -$ 319m). The quarter was marked by: 1/ a crisis charge of $ 476m for underwriting income, mainl...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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