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Swiss Re Profits Despite Cat Challenges

Despite the challenges posed by a year of extraordinary catastrophes, Swiss Re says its 2011 net income increased by more than $1.7 billion thanks in part to a reserve release of $1.3 billion.

By Mark E. Ruquet | Updated on February 23, 2012
The headquarters of Swiss Reinsurance Company, November 2005. (KEYSTONE, AP/Steffen Schmidt)

NU Online News Service, Feb. 23, 3:31 p.m. EST

Despite the challenges posed by a year of extraordinary catastrophes, Swiss Re says its 2011 net income increased by more than $1.7 billion thanks in part to a reserve release of $1.3 billion.

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