Thursday, May 5, 2011

Swiss Re Swings to Loss on Quakes

Thursday, May 5, 2011

Swiss Re on Thursday joined a growing list of reinsurers being hit by hefty claims from recent natural catastrophes, with those costs and fewer gains from investments pushing it to a net loss for the first quarter.

The Zurich-based reinsurer swung to a $665 million net loss in the quarter ended March 31 from ...



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