Underwriting loss at Swiss Re Corporate Solutions rises
Casualty reserve strengthening and higher cat losses led
underwriting performance at Swiss Re's specialty insurance unit
Swiss Re Corporate Solutions to deteriorate to a 104.5 percent
combined ratio in the first half.
The weak underwriting result came as Swiss Re missed consensus
expectations by a distance, as profits fell by 31 percent thanks to
a collapse in P&C reinsurance income.
The unit posted a 2.9 point increase on the H1 combined ratio
year on year, the second consecutive year where
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