Swiss Re bounces back to black

Swiss Re bounces back to black

Swiss Re bounces back to black

Swiss Re almost put its recent past behind it with the announcement last week of profits of CHF506m for 2009, compared to the investments-driven loss of CHF864m it racked up in 2008. A dividend of CHF1 is proposed for 2009, compared to 10 cents in 2008.

Montpelier Re reports record year and hands back capital

Montpelier Re reports record year and hands back capital

Montpelier Re reports record year and hands back capital

Montpelier Re Holdings, the Bermuda-based short-tail reinsurance and specialty lines carrier, delivered a record net profit in 2009 of $464m against a loss of $145.5m in 2008 and continued the recent trend among the Bermuda market to hand back capital to investors.