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Engineering innovation 'can help mitigate construction risks'Technological innovation in engineering, such as building information modelling (BIM) could contribute in a number of ways towards mitigating construction risks and reducing project liability, including safety, planning and execution risks, said More… |
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Swiss Re net profit surges to $1.2bnA stronger than expected third-quarter net profit of $1.2 billion at Swiss Re boosted hopes that the reinsurance group will join the slew of insurers sharply raising their dividend payouts. Swiss Re's profit rise reflected low More… |
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NY financial regulator probes insurers over Iran linksNew York's financial regulator has asked Lloyd's Banking Group and Swiss RE for details about dealings linked to Iran as part of a probe into 20 non-US reinsurance firms, the Wall Street Journal reported. Citing a copy of More… |
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Disasters cost world economy $350bnNatural disasters like March's earthquake in Japan will cost the global economy a record $350 billion this year, with losses for the insurance industry second only to 2005 when Hurricane Katrina hit New Orleans, Swiss Re said. The Zurich- More… |
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Disasters cost insurers $43bn in 2010Natural catastrophes and man-made disasters cost the insurance industry $43 billion in 2010, Swiss Re, the world's second-biggest reinsurer, said on Tuesday, revising up an earlier estimate. Swiss Re also revised down its estimate of w More… |
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Swiss Re makes surprise Q2 net lossSwiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitised products and its own credit spreads ate up healthy operating returns. Zurich-based Swiss Re said it made a net loss of 381 mil More… |
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Swiss Re, Credit Suisse name new chairmenCredit Suisse and Swiss Re both announced the appointment of new chairmen on Monday, shifting executives in an effort to limit the impact of the financial crisis. Walter Kielholz will step down as chairman at bank Credit Suisse to focus on More… |
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Swiss Re confirms large FY loss, writedownsSwiss Re, the world's biggest reinsurer, posted a net loss of 864 million Swiss francs ($735.63 million) and 5.9 billion francs in writedowns for 2008, and said it aims to maintain capital in the AA range in the long-term. The company is t More… |
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Swiss Re writes down $5.3bnSwiss Re wrote down 6 billion Swiss francs ($5.25 billion) in toxic assets and said Warren Buffett was investing 3 billion Swiss francs as its shareholder's equity dipped to an uncomfortable level. The world's second-largest reinsu More… |
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Swiss Re posts surprise lossSwiss Re, the world's second-biggest reinsurer, reported a surprise third-quarter net loss of 304 million Swiss francs ($263.2 million), hurt by investment losses. Zurich-based Swiss Re said on Tuesday it wrote down another 572 million Swi More… |
