Swiss Re Reports 41% Profit Decline
Article Abstract:
Swiss Reinsurance Company Ltd. of the United Kingdom posted a 41 percent net profit decline to 1.45 billion Francs from 2.48 billion Francs. Losses were due to spiraling claims for damage by natural disasters last year and increased financing for the reinsurance companies' liability reserve.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Swiss Re losses raise wider fears: subprime hit spurs worries about insurers' exposure to credit-market turmoil
Article Abstract:
Swiss Reinsurance Co. announced after-tax losses for October 2007 totaling $876.4 mil, due primarily to exposure to the negative effects of subprime credit problems via credit-default swaps. Swiss Re has become one of the first significant subprime-connected losses for a reinsurance firm.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Swiss Life profit increases 8.5 percent on cost-cutting
Article Abstract:
Swiss Life Holding of Switzerland posted an 8.5 percent increase in 2006 net profit to 933 million Swiss Francs ($767.5 million) from 860 million Swiss Francs last year. Strong revenues were aided by cost-cutting and a growing savings products market.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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