Swiss Re defends Corporate Solutions underwriting loss

Swiss Re has come under pressure from analysts to explain how
its primary insurance unit, Swiss Re Corporate Solutions, fell to
an underwriting loss for the first half of the year.
Speaking on a 4 August earnings call, group CEO Christian
Mumenthaler said it was "not extraordinary" that the
commercial lines business had posted an H1 combined ratio of 103
percent in the context of a "very stressed" underwriting
environment.
Swiss Re Corporate Solutions was hit by catastrophe losses from...