...S&P Global Ratings' issuer and financial strength ratings on holding company Swiss Re Ltd. (SRL) and its key subsidiaries reflects the company's very strong quantitative and qualitative metrics. The ratings reflect our view of the top tier position SRL holds within the global reinsurance sector, with lead account capabilities across all major lines and geographies. It also reflects our view that the global reinsurance sector is inherently more volatile than many other insurance sectors. Furthermore, the rating on SRL also reflects our view that the group will remain very well capitalized (at the '###' level) even after the recent catastrophe losses. The Swiss Re group (Swiss Re or the group) reported nine months net income of $1.1 billion despite a $1.6 billion hit from natural catastrophes and man-made losses, of which $1.4 billion was incurred in the third quarter. In 2017, 61% of Swiss Re's net premiums earned (NPE) were from the non-life business (including SRCS), and 39% from life...
