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Swiss Re returns to profit in third quarter
03 November 2009
Swiss Re, the world’s second-largest reinsurer, Tuesday exceeded analyst expectation by posting profit of SFr334m ($326m) for the third-quarter of the year.
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[Swiss Re]
Swiss Re, the world’s second-largest reinsurer, Tuesday exceeded analyst expectation by posting profit of SFr334m ($326m) for the third-quarter of the year.
The Zurich-based reinsurer also strengthened its capital position to more than SFr6bn, helping its chances of repaying a loan from Warren Buffett’s Berkshire Hathaway.
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