Swiss Re Writes Down $5.25 Bln In Toxic Assets

Swiss Re has announced that it recorded a net loss of CHF1 billion ($858.8 million) in 2008, thanks in part to a write-down of CHF6 billion ($5.25 billion) in toxic assets.

  • 05 Feb 2009
Swiss Re has announced that it recorded a net loss of CHF1 billion ($858.8 million) in 2008, thanks in part to a write-down of CHF6 billion ($5.25 billion) in toxic assets. Last year, the firm said it had exposure of some $9.6 billion ($8.24 billion) in Fannie Mae ...

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