Swiss Re Negative Earnings; Pays Dividend

Swiss Re reports a highly successful 2002 renewal, with a substantial improvement in prices and conditions. Given the unprecedented large losses in 2001, including the 11 September event, and the decline in the investment environment, Swiss Re expects to report a small loss for 2001 in the range of CHF -200 million, or CHF -0.69 per share. Based on the solid outlook, management will recommend to the Board of Directors an unchanged dividend of CHF 2.50 per share. Renewals 2002 Swiss Re's property & casualty and financial services renewals at 1 January 2002 saw significant improvements in ...