Business Services Industry
Investments, cat losses hit results at Swiss Re.(International News)(Swiss Reinsurance Co.)(Financial report)(Brief article)
Business Insurance, November, 2008
Byline: JUDY GREENWALD
ZURICH, Switzerland-Investment losses and catastrophes hit Swiss Reinsurance Co.'s nine-month results, dropping the reinsurer's net income for the period by 77.9% to 884 million Swiss francs ($756.8 million).
For the third quarter, the Zurich-based reinsurer reported a 304 million Swiss franc ($260.3 million) loss vs. a 1.47 billion Swiss franc ($1.26 billion) profit, for the year-earlier period.
Nine-month results reflected 6.1 billion Swiss francs ($5.22 billion) in net realized investment ...
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