Tuesday, Nov 20, 2007
Re takes $1 billion subprime hit
iht.com: Swiss Reinsurance, the biggest reinsurer in the world
Swiss Re takes $1 billion subprime hit as crisis spreads beyond banks Swiss Reinsurance, the biggest reinsurer in the world, said Monday that it had taken a $1.07 billion write-down for the value of some derivatives, making it the latest casualty of the U.S. subprime crisis that is now spreading beyond lenders and investment banks
Posted by chris @ 06:57 AM (154 views) Add Comment
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