Swiss Re Corporate Solutions turnaround ‘on track’ despite $301m H1 loss

Christian Mumenthaler, group CEO, Swiss Re

Swiss Re Corporate Solutions suffered a $301m loss in the first half of this year after Covid-19 claims of $485m. But parent group Swiss Re insists that the unit’s turnaround is “well on track”, noting that excluding pandemic losses net income would have reached $81m from a net loss of $403m in the prior-year period. This is no doubt helped…

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