Swiss Reinsurance Company
News and overview for Swiss Reinsurance Company
Ambac Financial Group, Inc. Announces Third Quarter Net Income of $2,188.3 Million [Press Release]
Business Wire | 18 days 12 hours 54 minutes ago
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced third quarter 2009 net income of $2,188.3 million, or net income of $7.58 per diluted share. This compares to third quarter 2008 net loss of $2,431.2 million, or net loss of $8.45 on a per share basis. The third quarter 2009 results reflect significant unrealized mark-to-market gains in the credit derivatives portfolio and gains resulting from reinsurance cancellations during the quarter. In 2008, Ambac’s third quarter results re...
22 Insurers, Reinsurers Among Speakers, Attendees at High-Level Legal Conference in New York [Press Release]
PRNewswire | 97 days 9 hours 23 minutes ago
...Odyssey America Reinsurance Corp.; QBE Insurance Group; Royal & Sun Alliance Insurance Company of Canada; SCOR Reinsurance Company; Swiss Reinsurance America; The Travelers Companies; United America Insurance Group; W.R. Berkley Corp...
PRESS DIGEST - Malaysia - Oct 9
Forbes | 45 days 1 hour 16 minutes ago
Following are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE STAR (www.thestar.com.my) - The sale of 18 types of dried plum and prune from China, Taiwan and other Asian countries has been restricted by the Health Ministry after high degrees of lead was detected.
2nd UPDATE: Swiss Re Upbeat After Swing 3Q Pft On Cost Cuts
Wall Street Journal, The | 19 days 12 hours 2 minutes ago
(Rewrites, adds CEO, CFO and analyst comment.) By Goran Mijuk Of DOW JONES NEWSWIRES ZURICH (Dow Jones)--Swiss Reinsurance Co (RUKN.VX) Tuesday said it swung to a third-quarter net profit on cost-cutting and low catastrophe claims and said it was confident it would benefit from an expected upswing in the reinsurance industry.
Reinsurer Now Hopes S&P Will Restore Double-A Debt Rating
Wall Street Journal, The | 18 days 19 hours 50 minutes ago
ZURICH -- Swiss Reinsurance Co. said Tuesday that it swung to a third-quarter net profit on cost-cutting and low catastrophe claims and that it was confident it would benefit from an expected upswing in the reinsurance industry.
BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC - Final Results [Press Release]
PRNewswire | 37 days 15 hours 24 minutes ago
16 October 2009 BLACKROCK GREATER EUROPE INVESTMENT TRUST plc Annual results announcement for the year ended 31 August 2009 MANAGEMENT REPORT Chairman's Statement
Climate Change as Comics Art
New York Times, The | 43 days 1 hour 12 minutes ago
On one wall of the Arts Exchange here, humorous depictions of arctic animals in the midst of global warming include a polar bear playing a grand piano while drifting on a melting glacier. On another wall, a comic strip has a family of four struggling to find a suitable vacation spot as temperature swings turn ordinarily moderate locales into burning-hot and freezing-cold destinations.
Best Revises Transatlantic Outlook to Stable; Affirms 'A' Ratings
Insurance Journal | 10 days 15 hours 1 minute ago
A.M. Best Co. has revised its rating outlook on Transatlantic Holdings, Inc. And its subsidiaries o stable from negative for. Best also affirmed Transatlantic's financial strength ratings of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of Holdings, Inc. and its group members: Transatlantic Reinsurance Company of New York and Swiss-based Trans Re Zurich as well as Transatlantic's separately rated member, Putnam Reinsurance Company.
Swiss Re Sees Reinsurance Market In Europe Improving
National Underwriter | 27 days 6 hours 1 minute ago
Executives at a major reinsurer at a teleconference before this week's insurance industry meeting in Germany said they see improving conditions for business as demand rises.
Swiss Re To Close Taiwan Branch - Taiwan Financial Regulator
Wall Street Journal, The | 27 days 7 hours 53 minutes ago
TAIPEI (Dow Jones)--Swiss Reinsurance Co. (SWCEY) will close its Taiwan branch as part of efforts to reduce its global workforce by 10%, Taiwan's Financial Supervisory Commission said Thursday.
Cost-Cutting Helps Swiss Re Swing to Net Profit
Wall Street Journal, The | 19 days 17 hours 10 minutes ago
ZURICH -- Swiss Reinsurance Co. said Tuesday it swung to a third-quarter net profit, thanks to cost-cutting, low catastrophe claims and generally improved reinsurance markets.
Swiss Re returns to profit - MarketWatch
MarketWatch | 19 days 19 hours 9 minutes ago
CH:RUKN
Swiss Re, Oxfam America, Rockefeller Foundation and Columbia's IRI Expand Joint Risk Initiative in Tigray, Ethiopia [Press Release]
PRNewswire | 58 days 14 hours 21 minutes ago
...global reinsurer. The company operates through offices...Switzerland, in 1863, Swiss Re offers financial...enterprise and progress. The company's traditional reinsurance products and related...comprehensive risk management. Swiss Re is rated "A...
Phoenix moves to shore up risk-based capital ratio
InvestmentNews | 6 days 8 hours 50 minutes ago
The Phoenix Cos. Inc. last week drafted a reinsurance agreement with a subsidiary of Swiss Re, improving the carrier's risk-based capital ratio.
Updates, advisories and surprises - MarketWatch
MarketWatch | 19 days 19 hours 8 minutes ago
Swiss Re returns to profit
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Company Overview
| Company: | Swiss Reinsurance Company |
|---|---|
| Industry: | Reinsurance |
| Website: | http://www.swissre.com |
Swiss Reinsurance is filling in any holes it can find in the reinsurance biz. The company -- now the world's largest reinsurer -- reinsures life, health, property, motor, and liability insurance. Swiss Re has targeted its asset management services to small and medium-sized insurers looking to outsource their funds management. The insurer also helps insurers identify, assess, and manage their overall risk; in addition, it conducts and publishes scientific investigations relevant to the industry. While Swiss Re is active around the globe, its activities in the US account for some 40% of the company's revenues.
Key Numbers
| Sales in U.S. Dollars (mil.) | 23,649.199 (2008) |
|---|---|
| One-year % Growth in Sales | -37.9 (2008) |
| Net Income in U.S. Dollars (mil.) | -818 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 0 (0) |
| One-year % Growth in Number of Employees | 0.0 (0) |
| Fiscal Year-End | December |