November 19, 2007

Reinsurance group Swiss Re predicts billion dollar losses (AFP)

File photo of the headquarters of Swiss Re in Zurich. The world's largest reinsurance group predicted Monday losses of 1.2 billion Swiss francs (1.07 billion dollars, 732 million euros) due to the US subprime mortgage crisis(AFP/EPA/File/Michele Limina)AFP – The world’s largest reinsurance group, Swiss Re, predicted Monday losses of 1.2 billion Swiss francs (1.07 billion dollars, 732 million euros) due to the US subprime mortgage crisis.

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