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<a href="http://www.accessmylibrary.com/coms2/summary_0286-21091472_ITM" title="Facts and information about Reweb - Swiss Re recovers from its 2002 losses.">Reweb - Swiss Re recovers from its 2002 losses.</a>
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Reweb - Swiss Re recovers from its 2002 losses.
(From Reinsurance)
Swiss Re has recovered from its 2002 losses to post increased profits for 2003. The company, which made a loss of SFr 91m ($65m) over 2002, announced that net income for 2003 had risen substantially to SFr 1.7bn. Premiums earned rose slightly from SFr 29bn to SFr 30bn.
Property and casualty business saw the most substantial rise, increasing by 16% from SFr 15.05bn in 2002 to SFr 17.4bn in 2003. Swiss Re's combined ratio in this area fell from 104.1% ...
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