Swiss Re pushed through a 2% price rise across its property and casualty portfolio and underwrote $US8.1 billion ($10.6 billion) in premium during the renewal season.

“We achieved this 8% [premium] increase through higher prices and greater volumes in all segments and regions, as well as major transactions,” Group CEO Christian Mumenthaler told shareholders at the annual general meeting last week.

“We raised prices by 2% across the entire portfolio, which I am very pleased about given that a reversal of our pricing strategy was overdue.”