Swiss Re swings to Q1 loss as coronavirus outbreak bites [Reuters]
SWISS RE LTD S/ADR (SSREY)
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Source: Reuters
Swiss Re swings to Q1 loss as coronavirus outbreak bites FRANKFURT, April 30 (Reuters) - Reinsurer Swiss Re said on Thursday that it swung to a net loss in the first quarter of 2020, as the coronavirus outbreak began to bite. The loss was $225 million during the period compared with profit of $429 million a year earlier. Analysts had expected a net profit of $59 million, according to Refinitiv.
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