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Mr. Small said he saw the share repurchase as an indication "both management and the board are working to address the company's significant excess capital position as it heads into a self-described lo

Swiss Re said it also expects to undertake a rights offering of $1 billion equivalent to existing shareholders at market on a 1-for-17 basis (one new share for each 17 existing shares). Shares not tak

Swiss Re said it also expects to undertake a rights offering of $1 billion equivalent to existing shareholders at market on a 1-for-17 basis (one new share for each 17 existing shares). Shares not tak

Catastrophe bonds are an alternative means of raising capital for reinsurers through the investment market. As defined by the terms of the bond, investors get their assets back, plus interest, dependi

Catastrophe bonds are an alternative means of raising capital for reinsurers through the investment market. As defined by the terms of the bond, investors get their assets back, plus interest, dependi

STFC Chairman Bob Restrepo said the first-quarter catastrophe losses were fairly typical. "However, the storms that hit the Midwest in the first two weeks of April will contribute significantly more l