Zurich, Switzerland (GenevaLunch) – The world’s largest reinsurance company, Swiss Re, has posted a first quarter 2009 profit of CHF150 million, down dramatically (76 percent) compared to Q1 2008, but a significant turnaround from the company’s billion franc loss in 2008.
Posted by Ellen Wallace on 7 May 2009 at 8:34, last updated on 15 May 2009 at 16:21 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 7 May 2009.
Filed under: Business
Tags: Business, Business and finance, reinsurance, Swiss business, Swiss companies, Swiss Re
We are happy to have your comments, which are approved before they appear: please remember to be courteous and brief. We accept only comments directly related to an article. We do not accept comment spam - messages sent to more than one site. We do not publish comments if the e-mail address is not legitimate. Thank you!
August 5th, 2009 at 8:50 am
[...] insurance companies, has posted a CHF381 million loss for the second quarter of the year, after a small Q1 profit of CHF150m, blaming the downturn on hedge and impairment losses but insisting that the company will [...]