Saturday, November 29, 2008

Swiss Re hit by $1 bln credit market insurance loss

ZURICH (Reuters) - Swiss Re said it expected a 1.2 billion Swiss franc ($1.07 billion) writedown from exposure to credit default swaps, as the subprime crisis hit the world's largest reinsurance co...

story.malaysiasun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/11245260/