Swiss Re’s P & C business remains strong

Swiss Reinsurance has reported its property & casualty business remains highly profitable, anticipating a year-end combined ratio for its P & C units of approximately 96%. At its recent investors’ day in New York, the Company also reported that its overall operations continued to repeat all financial targets stating continued strength in its capital adequacy.The Company’s published combined ratio for 2004 was 98.4% while its economic combined ratio for its property and casualty business improved to 90.4% compared with 91.4% for 2003.