NU Online News Service, March 30, 3:10 p.m. EDT

NEW YORK—Microinsurance is not an act of charity but a business model that can pay insurers real dividends while helping the impoverished climb back from natural catastrophes, says the chairman of America for Swiss Re.

Speaking last night during a benefit gala to honor the reinsurance carrier Swiss Re for its involvement in the microinsurance program run by Fonkoze in Haiti, Walter Bell, chairman of Swiss Re America Holding Corp., representing Swiss Re, says that the economic culture in Haiti posed a challenge to a company trained in writing policies within a complex business environment.

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