07 May 08
Swiss Re’s GlobeCat transaction was named Deal of the Year by Energy Risk magazine for their successful structuring and placement of USD 85 million of securities covering windstorm events in the US as well as earthquakes in California and Central America.
06 May 08
Swiss Re reported net income of CHF 624 million in the first quarter of 2008, a reduction of 53% over the prior year’s first quarter. The reduction was attributable to the continuing turmoil in the financial markets and the resulting additional mark-to-market loss of CHF 819 million on the structured credit default swaps in run-off since November 2007. This was partially offset by a strong performance from Asset Management. Property & Casualty and Life & Health delivered satisfactory results. Earnings per share were CHF 1.84. The annualised return on equity was 8.5%.
05 May 08
Overland Park, KS and Melbourne, FL - Swiss Re’s Commercial Insurance and BISYS Specialty Programs (a division of Crump Insurance Services, Inc.), today announced the launch of an insurance program for auto dealers. Backed by the world-class financial strength of Swiss Re and the industry expertise of BISYS, this program offers high quality coverage and security for auto dealers who meet underwriting guidelines.
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