Swiss Re AG, the second-largest reinsurer worldwide, said natural and man-made catastrophes in 2013 caused $130 billion in economic losses tied to floods, hailstorms and other events.
Swiss stocks declined as Holcim Ltd. and Swiss Re AG fell.
Lenders to the Gherkin tower asked a London court to settle a dispute over 140 million pounds ($236 million) from interest-rate swaps as the skyscraper prepares for a debt restructuring or sale.
A U.K. judge ruled Germany’s Landesbank Hessen-Thueringen Girozentrale, known as Helaba, and other lenders should be paid ahead of Bayerische Landesbank for loans to the owners of London’s Gherkin skyscraper.
Stocks in Switzerland declined for the first time in four days, pushing the benchmark Swiss Market Index down from a five-year high, as shares of banks and insurers retreated.
Swiss stocks fell as Transocean Ltd. and Swiss Re AG declined.
Swiss Re AG, the world’s second- largest reinsurer, said the introduction of new risk-based rules for European insurers such as Allianz SE and Axa SA won’t boost its sales.