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Swiss Re sees P&C income slide 22% for Q3

london-gherkin

Swiss Re has reported tumbling income from its property and casualty reinsurance arm, balanced by increased premiums in Q3.

The reinsurance giant saw net income plummet from $1bn in Q3 2012 down to $807m this year, a drop of 22%

Premium earned climbed 19.9% from 3.3bn to 4bn for the same period.

Swiss Re's combined ratio

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Paul Morden, Munich Re

Paul Morden, CEO of Munich Re UK’s branch is responsible for shaping and delivering reinsurance strategy across the UK and Ireland.

Jason Richards, Swiss Re

As CEO for UK & Ireland at Swiss Re, Jason Richards sits at the centre of one of the most influential reinsurance platforms in the London market, shaping how insurers respond to an increasingly volatile and complex risk environment.

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