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Swiss Re AG (SSREY)

Other OTC - Other OTC Delayed Price. Currency in USD
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17.26-0.54 (-3.03%)
At close: 3:53PM EDT
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Trade prices are not sourced from all markets
Previous close17.80
Open17.18
Bid0.00 x 0
Ask0.00 x 0
Day's range17.06 - 17.43
52-week range13.50 - 29.71
Volume117,292
Avg. volume37,441
Market cap19.431B
Beta (5Y monthly)0.66
PE ratio (TTM)N/A
EPS (TTM)-1.17
Earnings dateN/A
Forward dividend & yield1.51 (8.49%)
Ex-dividend date21 Apr 2020
1y target estN/A
  • Daimler, Swiss Re launch mobility insurance venture
    Reuters

    Daimler, Swiss Re launch mobility insurance venture

    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.

  • China's Waterdrop nabs $230M for its crowdfunded, mutual aid insurance platform
    TechCrunch

    China's Waterdrop nabs $230M for its crowdfunded, mutual aid insurance platform

    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.

  • Swiss Re swings to first-half loss amid COVID-19 claims and reserves
    Reuters

    Swiss Re swings to first-half loss amid COVID-19 claims and reserves

    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.