January 15, 2019 / 6:19 AM / 3 months ago

Swiss Re expects a $1.3 bln claims burden from Q4 catastrophes

ZURICH, Jan 15 (Reuters) - Reinsurer Swiss Re on Tuesday estimated it faced a roughly $1.3 billion claims burden from natural catastrophes and large man-made events in the fourth quarter, bringing its pre-tax total to $2.9 billion for 2018.

"The last quarter of 2018 was severely impacted by natural catastrophes," said Edouard Schmid, Swiss Re's Group Chief Underwriting Officer, in a statement. "We are working closely with our clients to ensure affected people and communities are supported."

Reporting by John Miller, editing by John Revill

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