Swiss Re announced another dramatic fall in profit

AFP Tuesday May 6, 02:17 PM
  • Email page
  • IM Page
  • Blog this on Yahoo! 360!
  • Print page
Swiss Re logo ouside offices in Zurich. Swiss Re, the world's largest reinsurance group, said its first quarter profits were halved, blaming recent market turmoil and losses on its structured credit default swap (CDS) portfolio. Swiss Re logo ouside offices in Zurich. Swiss Re, the world's largest reinsurance group, said its first quarter profits were halved, blaming recent market turmoil and losses on its structured credit default swap (CDS) portfolio.

AFP