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Disasters caused $100 bln in insured losses in 2023, Swiss Re says

Disasters caused $100 bln in insured losses in 2023, Swiss Re says FRANKFURT, Dec 7 (Reuters) - Earthquakes in Turkey and Syria, wildfires in Hawaii and other natural catastrophes have caused an estimated $100 billion in insured losses so far in 2023, down from the previous year but still well above normal, Swiss Re SRENH.S estimated on Thursday. The tally, which compares with $133 billion in 2022 and a 10-year average of $89 billion a year, is one of the first estimates by a major insurer for t
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JPM stays upbeat on European insurance into 2024

BUZZ-JPM stays upbeat on European insurance into 2024 ** J.P.Morgan remains positive on European insurance in 2024, citing peak yields, no threat from peak pricing, earnings growth, and benign credit risk ** The broker says peak yields are likely to be a net positive, especially for high capital return stocks such as UK life and Benelux names, addi
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Swiss Re targets higher 2024 net income of $3.6 bln

UPDATE 1-Swiss Re targets higher 2024 net income of $3.6 bln Updates, adds detail, CEO comment ZURICH, Dec 1 (Reuters) - Swiss Re SRENH.S expects to increase its net income t o more than $3.6 billion for 2024, the company said on Friday, as it announced new financial targets on its investors day. The company's property and casualty reinsurance business is aiming for a combined ratio of less than 87% next year , it said, while the life and reinsurance operations i s expected to generate net incom
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Swiss Re targets 2024 net income of $3.6 billion

Swiss Re targets 2024 net income of $3.6 billion ZURICH, Dec 1 (Reuters) - Swiss Re SRENH.S is targeting net income of more than $3.6 billion for 2024, the company said on Friday, as it announced new financial targets on its investors day. The company's property and casualty reinsurance business is aiming for a combined ratio of less than 87%, it said, while the life and reinsurance operations will have the goal of generating net income of $1.5 billion.
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Swiss stocks - Factors to watch on December 1

Swiss stocks - Factors to watch on December 1 ZURICH/BERLIN, Dec 1 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Friday, December 1: COMPANY STATEMENTS Swiss Re holds Investor's Day. ECONOMY Swiss Q3 GDP due at 0800 GMT. Seen at +0.1% m/m, +0.5 y/y. Swiss November manufacturing PMI due at 0830 GMT. Seen at 42,0. Repo
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