OTCPK:SSREF (Switzerland)  
Swiss Re AG logo

Swiss Re AG

$ 91.50 +1.8499 (+2.06%) 09:30 AM EST
On watch
P/E:
49.46
P/B:
1.74
Market Cap:
$ 26.58B
Enterprise V:
$ 32.94B
Volume:
349.00
Avg Vol (2M):
1.22K
Also Trade In:
Volume:
349.00
Market Cap $:
26.58B
PE Ratio:
49.46
Avg Vol (2-Month):
1.22K
Enterprise Value $:
32.94B
PB Ratio:
1.74

Business Description

Description
Swiss Re was established in 1863 in Zurich. Since then the business appears to have cycled through quite a few strategies. Namely in the early part of the millennium Swiss Re took on an investment banker who eventually led the business. Over the next 10 years CEO Jacques Aigrain built Swiss Re's financial solutions into a powerhouse and helped the company complete its first securitisation, finalised in 2005 for credit reinsurance. This division became a leader for Swiss Re, but then disaster struck during the global financial crisis. Swiss Re mothballed this unit and approved a CHF 5 billion capital raise. Now the business concentrates more fundamentally on property and casualty, life and health reinsurance. Swiss Re also has a good commercial insurance offering named corporate solutions.