Tuesday, November 20, 2007

Re takes $1 billion subprime hit

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 (469 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>