Financial market volatility hits Swiss Re’s core combined ratio
Swiss Re saw the combined ratio for its property and casualty segment increase to 80.8% for the third quarter of 2011 due largely to financial market volatility.
The combined ratio was 76.4% in the same year period in 2010.
The reinsurer's property & casualty segment reported operating income of $1.0bn (€723m), marginally down on the $1.1bn operating income in
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