Swiss Re nearly halves Q1 COR to 85%
Swiss Re has reported "strong underwriting, good investment performance and lower than-expected major natural catastrophe claims" for a "very strong first-quarter" net income of $1.1bn compared to a loss of $665m for Q1 2011.
The group combined ratio was almost halved to 84.9% (2011: 163.7%).
Swiss Re said that its three business units - reinsurance, corporate solutions and Admin Re - each positively contributed to the
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