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Bulletin: Ratings On Swiss Reinsurance Co. Unaffected By Q3 Net Loss Of CHF304 Million

Published Nov 04, 2008

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Abstract:

LONDON (Standard&Poor's) Nov. 4, 2008--Standard&Poor's Ratings Services said today that its 'AA-' insurer financial strength and long-term counterparty credit ratings on Zurich-based global reinsurance group Swiss Reinsurance Company (Swiss Re) are unaffected by the group's announcement that it made a net loss after tax of Swiss francs (CHF) 304 million for the quarter ended Sept. 30, 2008. The outlook on all ratings remains stable. When taken in the context of the extreme turbulence seen in financial markets during the third quarter, which has had a heavy impact on the results reported to date for most (re)insurers, the loss reported by Swiss Re is within expectations. The extent of the turbulence seen in financial markets during 2008

Report Type:

Bulletin

Ticker

RUKN@VX

Issuer

Swiss Reinsurance Co. Ltd.

GICS

Reinsurance (40301050)

Sector

Global Issuers, Structured Finance

Country

Switzerland

Region

United States

Format:

HTML

Swiss Re And Core Subsidiaries Ratings Placed On CreditWatch Negative Following Announcement Of More Asset Write-Downs – 2009/02/05 – US$ 150.00

Research Update: Swiss Re And Core Subsidiaries Ratings Put On Watch Negative Following Announcement Of More Investment Write-Downs – 2009/02/05 – US$ 225.00

Swiss Re Long-Term Ratings Lowered To 'A+' Reflecting Capital Depletion; Outlook Stable – 2009/02/18 – US$ 150.00

Research Update: Swiss Re Long-Term Ratings Lowered To 'A+' Reflecting Capital Depletion; Outlook Stable – 2009/02/18 – US$ 225.00

Various Swiss Re Operating Companies Ratings Affirmed Then Withdrawn On Ongoing Simplification Of Group Legal Structure – 2009/07/14 – US$ 150.00

Ratings On Swiss Re And Core Subsidiaries Affirmed; Liquidity Management Considered Robust – 2008/09/25 – US$ 150.00

Research Update: Ratings On Swiss Re And Core Subsidiaries Affirmed; Liquidity Management Considered Robust – 2008/09/25 – US$ 225.00

Swiss Reinsurance Co. – 2008/09/05 – US$ 500.00

Summary: Swiss Reinsurance Co. – 2008/09/05 – US$ 225.00

Bulletin: Long-Term Ratings On Swiss Re Unaffected Despite Further CHF819 Million CDS Write-Down – 2008/05/06 – Free

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Ratings On Swiss Reinsurance Co. Unaffected By Q3 Net Loss Of CHF304 Million" Nov 04, 2008. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Swiss-Reinsurance-Co-Unaffected-By-Q3-Net-Loss-Of-CHF304-Million-680893>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Ratings On Swiss Reinsurance Co. Unaffected By Q3 Net Loss Of CHF304 Million Nov 04, 2008. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Swiss-Reinsurance-Co-Unaffected-By-Q3-Net-Loss-Of-CHF304-Million-680893>

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