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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSome in Israeli war cabinet will want to 'take advantage' of Iranian strike, says ECFR directorJulien Barnes-Dacey, Middle East and North Africa Programme director at the European Council on Foreign Relations (ECFR), discusses Iran's "unprecedented" attack on Israel, what it means for escalation in the region, and how the West is weighing the moment.
Persons: Julien Barnes Organizations: North Africa, European Council, Foreign Relations Locations: Middle East, Israel
China's restrained silence on the Middle East conflict is tipping the scales of regional influence back in the U.S.' favor, according to one analyst. "[Beijing's] role has been less pronounced than many expected, and actually I think it's undermined the sense of growing Chinese influence and confidence in the region," Julien Barnes-Dacey, director of the Middle East & North Africa program at the European Council on Foreign Relations, said on CNBC's "Street Signs" Tuesday. Last week, world leaders entreated China to use its considerable influence as a key trade partner to sway Tehran away from a direct attack against Israel, after an Israeli strike killed several top Iranian commanders in Damascus. Roughly 99% of these projectiles were eliminated by Israel, with help from the U.S., the U.K., France and Jordan. Since then, the specter of Israeli retaliation and a broader conflict in the Middle East has loomed large, with Washington stressing its commitment to Israeli defense and world leaders urging calm.
Persons: Julien Barnes, Dacey, Israel — Organizations: European Council, Foreign Relations, Israel Locations: U.S, Africa, China, Tehran, Israel, Damascus, Iran, Strait, Hormuz, France, Jordan, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrice increases in reinsurance market will continue throughout rest of the year, says Swiss Re CFOJohn Dacey, group CFO at Swiss Re, discusses first-quarter earnings, the firm's outlook for pricing, and how the company are responding to pressure caused by the ongoing banking crisis.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe’ve chosen to de-risk our portfolio through hedges, Swiss Re CFO saysSwiss Re CFO John Dacey discusses the company’s latest earnings and how it's managing risk in the current enviornment.
Hurricane Ian claims likely to push Swiss Re to Q3 loss
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +2 min
CFO John Dacey of the world's second largest reinsurer Swiss Re addresses a news conference to present the company's full year results in Zurich, Switzerland February 21, 2019. REUTERS/Arnd WIegmannSummarySummary Companies Swiss Re estimates Hurricane Ian claims at around $1.3 billionExpects Q3 net loss of around $500 millionSees total Hurricane Ian claims for industry at $50 bln-65 blnZURICH, Oct 18 (Reuters) - Swiss Re (SRENH.S) forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims from Hurricane Ian of approximately $1.3 billion. Register now for FREE unlimited access to Reuters.com RegisterSwiss Re estimated the preliminary total insured market loss from Hurricane Ian at $50 billion–$65 billion. "Swiss Re maintains its very strong capital position, with Group (Swiss Solvency Test) ratio of 274%, as of 1 July 2022. Berenberg analyst Kathryn Fear cut her estimate for 2022 net income to $947 million from $1.72 billion.
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