Swiss Re shares slide over 4% on weak H1
Shares in Swiss Re fell by as much as 4 percent today after the
reinsurer posted a disappointing set of first half results this
morning.
The stock was trading down 3.32 percent at CHF91.85 as of 13:30
BST as investors reacted to a weak underwriting result and a 31
percent drop in profits due to lower reinsurance income from the
company's property and casualty unit.
Casualty reserve strengthening and higher cat losses led
underwriting performance at the specialty insurance unit...
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