Swiss Re takes action to maintain AA rating

The group still has surplus regulatory capital but at the end of 2008 it was up to CHF2bn short of AA rating requirements

Swiss Re is confident that a proposed CHF3bn (US$2.58bn) investment in its capital by Warren Buffett’s Berkshire Hathaway Inc will serve as an antidote to the net loss of CHF1bn expected for 2008 in its preliminary, unaudited figures.