Swiss Re FY net income tumbles on nearly 6bn CHF of investment losses
Swiss Re, the Swiss (re)insurer, fell to a full-year net loss of 864m CHF from 4.2bn CHF in 2007, driven by heavy investment losses.
The group, which has recently seen chief executive Jacques Aigrain resign from his post, said the discontinued tradng activities had lost it 3.2bn CHF in 2009, compared to just 184m CHF the year
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