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Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such as the war in Ukraine, higher-than-expected
The first quarter turned out to be a challenging one for the reinsurance giant.
Swiss Re has secured US$1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period.
The first of its kind hybrid transaction combines bank financing and ILS.
Swiss Re Ltd / Key word(s): Financing 14.04.2022 / 10:00 Swiss Re partners with J.P. Morgan and institutional investors to secure USD 1.15 billion in protection for severe underwriting-related losses The innovative hybrid transaction is first of its kind to combine bank financing and insurance-l...