Swiss Re has revealed that it expects to report a loss of up to SFr100m (£46.9m) in 2002 due to large write-downs.
Swiss Re has revealed that it expects to report a loss of up to SFR100m (£46.9m) in 2002 due to large write-downs.
The world's second-largest reinsurer said the write-downs would be higher than the 2001 level of SFr663m (£311m).
A Swiss Re spokesman told Reuters that its return on investments was expected to be 4.7% below the 2002 target of 6.7%.
Annual general policy renewals season had generated premium increases of 10%, he added.
