News

18 Feb 10

Swiss Re reports net income of CHF 506 million for the full year 2009 - Earnings per share of CHF 1.49 - Capital position fully restored, estimated excess capital at AA level over CHF 9 billion - Continued focus on underwriting profitability

Swiss Re reported net income of CHF 506 million for the full year 2009. Earnings per share were CHF 1.49. The estimated excess capital at AA level increased to more than CHF 9 billion. During 2009, Swiss Re’s core business continued to demonstrate strong earnings power, while the company significantly de-risked and strengthened its balance sheet.

18 Jan 10

Swiss Re transfers risk from closed block of US individual life reinsurance business to Berkshire Hathaway in order to redeploy capital at more attractive returns

Swiss Re announced today the closing of a US individual life retrocession transaction with Berkshire Hathaway. The transaction builds on Swiss Re’s tradition of portfolio steering and reinsurance risk transformation and will improve its capital efficiency.

14 Jan 10

World Economic Forum Global Risks report warns of long shadow of the Financial Crisis

The World Economic Forum today released Global Risks 2010, its annual report on the most significant and underlying global risks facing the global economy this year and beyond.