Thursday, February 6

Tag: Reinsurance

Swiss Re Discloses New Targets Ahead of Accounting Method Transition
1Dec By adminNo Comments
World

Swiss Re Discloses New Targets Ahead of Accounting Method Transition

Swiss Re released a new guidance for next year as it will start reporting under IFRS as of 2024.For the upcoming year and under the IFRS method, the Swiss reinsurer aims to reach net profit of more than $3.6 billion, of which the life and health business is expected to contribute $1.5 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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DOJ Settles With Two U.K. Reinsurance Brokers Over Ecuador Bribes
20Nov By adminNo Comments
World

DOJ Settles With Two U.K. Reinsurance Brokers Over Ecuador Bribes

The Justice Department has settled with two U.K.-based reinsurance brokers that admitted to participating in a scheme to bribe Ecuadorean government officials.Tysers Insurance Brokers and H.W. Wood have agreed to enter into three-year deferred prosecution agreements filed in the Southern District of Florida. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Scor Shares Drop After Profit Disappoints
10Nov By adminNo Comments
World

Scor Shares Drop After Profit Disappoints

Scor shares traded sharply lower after the French reinsurer reported a swing to a third-quarter net profit, but fell short of consensus expectations.At 0844 GMT, shares in Scor traded 8.4% lower at EUR25.65.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Swiss Re Swings to Net Profit on Property-And-Casualty Strength
3Nov By adminNo Comments
World

Swiss Re Swings to Net Profit on Property-And-Casualty Strength

Swiss Re swung to a net profit for the third quarter after property-and-casualty reinsurance benefited from a lower level of large natural-catastrophe claims.The Zurich-based reinsurer said Friday that it made a net profit of $1 billion for the third quarter. For the third quarter of last year, Swiss Re reported a net loss of $442 million mainly due to claims related to hurricane Ian.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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