Swiss Re's net expected to slip

Article Abstract:

Swiss Reinsurance Co. is expecting to see lower net earnings for the 2001 first-half. The company is expected to post 1.4 billion Swiss francs and 1.8 billion Swiss francs, compared to 3 billion Swiss francs during the same 2000 period.

United Kingdom, Forecasts and trends

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Zurich's Converium IPO is set

Article Abstract:

Converium Ltd.'s initial public offering (IPO) has been priced at between 72 Swiss francs and 90 Swiss francs per share by Zurich Financial Services. This gives Converium a value of 2.88 billion francs and 3.6 billion francs.

Organizational history, Prices and rates, Zurich Financial Services, Going public (Securities), Initial public offerings, Converium

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Swiss Re to reduce dividend amid loss from write-downs

Article Abstract:

Swiss Reinsurance said that it will reduce its dividend in order to save capital. The company posted an approximately 100 million Swiss francs (68.5 million euros) loss for the 2002 year.

Financial management, Dividends, Dividend Policy, Finance, Company sales and earnings, Company earnings/profit, Company financing, Company dividends

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