Swiss Re : Q3 2021 likely dominated by nat cat in P/C and COVID claims in L/H reinsurance
>We forecast a Q3 2021e attributable net loss of $ 278m - Swiss Re is due to report 9 M 2021 results on 29 October before market opening. We forecasta net attributable loss of $ 278m for Q3 2021e (9 M 2021e: $ 768m net attributable profit). Swiss Re’s results should be negatively impacted by above average nat cat claims in P/C reinsurance and by ongoing COVID-related losses in L/H reinsurance. The SST ratio should be reported at a comfortable level of 228%.§...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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