Zurich, Switzerland (GenevaLunch) – The nearly CHF1 billion loss in 2008 that Swiss Re, one of the world’s largest reinsurance companies, announced earlier is being confirmed today, 19 February, with the company’s new CEO Stefan Lippe presenting the final, audited results: CHF884 million in the red, with CHF170m of the loss coming in the fourth quarter alone.
Lippe took over from Jacques Aigrain, who left the company a week after the preliminary report on the loss was announced. In 2007 the company had profits of CHF170m.
Posted by Ellen Wallace on 19 February 2009 at 11:28, last updated on 15 May 2009 at 18:38 | permalink
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News story, GenevaLunch, 19 February 2009.
Filed under: Business
Tags: 2008 loss, Business, Business and finance, economy, insurance, reinsurance, Swiss business, Swiss companies, Swiss Re
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