|Day's range||81.41 - 81.41|
|52-week range||79.57 - 88.06|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Swiss Re (SRENH.S) is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. It said taking social and governance (ESG) criteria into account reduced the risk of losses especially for long term investors. "This is not only about doing good, we have done it because it makes economic sense," Swiss Re Chief Investment Officer Guido Fuerer told Reuters on Thursday.
An earthquake on Kyushu Island in Japan inflicted 2016's heaviest economic loss with a bill of up to $30 billion
Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought. "We feel very strongly that our ability to figure out solutions to the problems that our clients have means they will give us opportunities," the head of Swiss Re's core reinsurance business, Moses Ojeisekhoba, told Reuters in an interview. Reinsurers usually pool resources in syndicates to underwrite the risk taken on by front-line insurers.