Swiss Re back in the black

Swiss Re returned to profit in 2009, reporting net income of CHF506m (£303m) for the year, compared to a loss of CHF864m in the prior year.

The reinsurer also reported net income of CHF403m for the fourth quarter of 2009, compared to a CHF1.7bn loss of in the same period of 2008.

In 2009, Swiss Re's property & casualty business saw its

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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