Swiss Re reports Q3 304m CHF loss; suspends share buyback
Swiss Re, one of the world's largest reinsurers, reported a third quarter loss of 304m CHF (£164.3m), and added that it has suspended its 7.75bn CHF (£4.18bn) buyback programme.
Full-year earned premiums for the group fell 16% to just over 6.5bn CHF (£3.5bn) in the third quarter of the year down from 7.8bn CHF (£4.2bn) a year earlier.
The property & casualty business saw its
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