Europe flood losses News

Swiss Re Posts $786 Million Q2 Net Income; But P&C Combined Ratio 100.7%

Swiss Re reported net income of $786 million for the second quarter of 2013, despite what the report described as a “period that saw high levels of natural catastrophes.” Net income in Q2, 2012 was $83 million. Swiss Re said …

Allianz Estimates Its European Flood Losses at 350 Million Euros

Allianz SE, Europe’s biggest insurer, said preliminary estimates show its net losses from the flood claims in Germany, Austria and part of Central Europe are 350 million euros ($467 million). The gross impact, before reinsurance, is “probably” above 500 million …