Source: Insurance Journal

“Given these changed conditions and the group’s strategic priorities, we, therefore, concluded that we are not the best owners going forward of this business,” said Dacey, noting that, while the iptiq business had lost $250 million in 2023, the loss was projected to be less for 2024.

He pointed out that the underlying opportunities for Swiss Re’s core businesses of large commercial insurance and reinsurance “have been much better than we might have thought seven, eight years ago.”

Read full article: https://www.insurancejournal.com/news/international/2024/05/16/774483.htm