This is interesting:
Global reinsurance giant Swiss Re has delivered a return on equity (ROE) of 25.9% for the first nine months of 2023, with lower catastrophe losses and higher rates feeding through to a significant improvement in performance this year.
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Swiss Re reported large natural catastrophe claims of US $1.1 billion for the first nine months, well down on the prior years US $2.5 billion.
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US $421 million of the catastrophe loss total is from the third quarter, mostly due to severe weather events in Europe, wildfires on the Hawaiian Island of Maui and the earthquake in Morocco.
Swiss Re delivers strong returns on lower catastrophes, higher rates – Artemis.bm
The insurance is data 180 degrees opposite from what the media has peddled all year about climate disasters. The media says disasters and damages are getting worse but the insurance industry data says that is not true.
