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Swiss Reinsurance Company: Corporate and Strategic Assessment Report - Company Strategy, SWOT Analysis and 5-year Adjusted Financials with In-depth Company ProfileProduct Type: Market Research ReportPublished by: Datamonitor Published: June 2008 Product Code: R313-33829 Description IntroductionSwiss Reinsurance Company (Swiss Re or 'the group') is the world's largest reinsurer. This profile offers a comprehensive review of Swiss Re's operations and performance. Scope
Swiss Re' has a diversified business mix, which is evident from the premiums earned in 2006. In 2006, 61% of group gross premiums earned were from the non-life business and 39% from life and health. Of non-life gross premiums earned in 2006, 35% was property business, 26% liability, 11% motor, and 28% other lines. The group acquired GE Insurance Solutions (GEIS), which was the fifth largest reinsurer, worldwide, at the time of the acquisition, in June 2006. This acquisition made Swiss Re the world's largest and most diversified reinsurer. The GEIS acquisition is expected to generate cost synergies of at least $300 million per year. Swiss Re displaced Munich Re for the top position in AM Best's 2007 ranking of the top 35 global reinsurance groups, based on 2006 gross premium written. In 2006, the group's gross written premiums amounted to CHF31,796 million ($25,391.0 million), a rise of 8% over 2005. Reasons to Purchase
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