Swiss Re Books $250 Million in Losses From Tianjin Disaster

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  • Zurich Reinsurer Says Profit Rose 13 Percent in Third Quarter
  • First Big Reinsurer to Report Losses From Chemical Blasts

Swiss Re AG booked $250 million in losses from the August chemical warehouse explosions in the Chinese city of Tianjin, its biggest payout in a quarter that saw profit rise 13 percent.

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