News

16 Mar 10

Fed rate action commentary from Swiss Re chief US economist

After today’s decision by the Federal Reserve to maintain the target fed funds rate at zero to 25 basis points, Swiss Re’s chief US Economist, Kurt Karl, commented, “The Fed reiterated that it will be on hold for an extended period, which we estimate to be until early 2011. Inflation risks are low and employment growth is stagnant, so there is no hurry to tighten monetary policy.”

15 Mar 10

Swiss Re’s new sigma study reveals that natural catastrophes and man-made disasters in 2009 cost insurers USD 26 billion and society USD 62 billion overall

According to Swiss Re’s latest sigma study, natural catastrophes and man-made disasters claimed approximately 15 000 lives and cost insurers USD 26 billion in 2009. The overall cost to society was USD 62 billion. Insured losses were below average due to a calm US hurricane season.

12 Mar 10

Swiss Re publishes its 2009 annual report and announces the proposals of its Board of Directors to shareholders for the 146th Ordinary General Meeting to be held on 7 April 2010

Swiss Re today published its 2009 annual report, containing the audited annual and consolidated financial statements for the 2009 financial year. At the same time, Swiss Re announced the proposals of its Board of Directors to the company’s shareholders for the 146th Ordinary General Meeting to be held on Wednesday, 7 April 2010, in Zurich, Switzerland.