|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||17.06 - 17.43|
|52-week range||13.50 - 29.71|
|Beta (5Y monthly)||0.66|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||1.51 (8.49%)|
|Ex-dividend date||21 Apr 2020|
|1y target est||N/A|
Swiss Re <SRENH.S> and carmaker Daimler <DAIGn.DE> announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk. The reinsurer and Daimler, parent of the Mercedes-Benz passenger car brand, set up Movinx, a Berlin-based intermediary they will co-own equally, the companies said in a statement. As connected and autonomous cars generate live data about traffic flows, vehicle reflexes and driver behaviour, the companies expect new opportunities will arise to customise automotive and mobility insurance products.
When people in the U.S. or Europe think of crowdfunding and medical expenses, sites like GoFundMe, where people fundraise around specific predicaments, come to mind. Waterdrop, which goes by Shuidihuzhu in China (translated as "water drop mutual help"), today said that it has raised $230 million in a new round of funding jointly led by two strategic investors, the insurance giant Swiss Re and returning investor Tencent, whose WeChat platform is used to sign up users and buy products using a quick QR code scheme. Previous investors IDG Capital and Wisdom Choice Global Fund also participated in the Series D. The startup is not disclosing its valuation, but when the round had partially closed at $200 million earlier this month, PitchBook noted that its pre-money valuation was $1.8 billion, which puts the valuation now at just over $2 billion.
Reinsurance company Swiss Re <SRENH.S> said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked in the first half of the year would likely cover the bulk of its pandemic-related losses. The Zurich-based company, confirming figures released last week, said it swung to a loss of $1.1 billion (837.58 million pounds) in the first half of the year.