Insurance Day
Big decline in Swiss Re profit sparks 12% plunge in shares
By Herbert Fromme, Munich
THE share price of Swiss Re plunged by 12% to SFr4,708 in late afternoon trading yesterday, following much-reduced profits
for the first half. The company's net income for the half was only SFr118m ($78m), down on the SFr1.345bn earned in the corresponding
2001 period.