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Markets News

Swiss Re confims targets as it grapples with pandemic

FRANKFURT, Nov 20 (Reuters) - Reinsurance company Swiss Re on Friday said it was confirming its financial targets despite the coronavirus pandemic that has pressured the industry.

Chief Executive Christian Mumenthaler, in a statement ahead of a presentation to investors, said that the pandemic will “remain an earnings and not a capital event...with declining exposures going forward”.

Reporting by Tom Sims Editing by Riham Alkousaa

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