Swiss Re

Jefferies has downgraded Swiss Re from "Hold" to "Underperform" and cut the price target from 130 to 110 francs. The analysts warn of further falling prices in the reinsurance business, which are likely to accelerate and hit revenues harder than previously expected. Share buybacks offer only limited support, while a track record weaker than peers is likely to further pressure the valuation; the stock fell intraday about 1.9% to CHF 144.40. » More on finanzen.net

Swiss Re warns that extreme weather in Europe is increasingly causing catastrophe losses and estimates the insured losses from the late‑August hail event in Switzerland at over 1.7 billion francs, of which around 800 million are for motor vehicles. Northern Italy also recorded high hail losses this summer. Swiss Re also highlights sharply rising wildfire losses due to heat and drought and warns of interconnected risks to infrastructure, energy supply and logistics chains. Swiss Re shares were slightly up on the day. » More on finanzen.net

Swiss Re calls wildfires the fastest-growing weather risk worldwide and reports that insured losses in Europe have increased by an estimated 8–11% per year over recent decades. The company points to costly events such as the California fires in early 2025 and also sees rising demand for reinsurance protection from the boom in AI data centers; Swiss Re estimates premium potential in this area at up to $91 billion by 2030. The stock reacted with price declines in trading. » More on finanzen.net