Swiss Re reports profit surge, repays Buffett
China Daily | Updated: 2010-11-05 07:46
|
Warren Buffett, chief executive officer of Berkshire Hathaway, plays table tennis with Ariel Hsing, the number one US player under 20, on the sidelines of the Berkshire Hathaway annual meeting in Omaha, Nebraska, on May 2. In 2008, Swiss Re posted its biggest-ever loss, forcing the group to turn to Buffett's Berkshire Hathaway for fresh funds. Daniel Acker / Bloomberg |
ZURICH - Swiss Re, one of the world's biggest insurers, on Thursday reported a near doubling of its third-quarter net profit, allowing it to repay crisis funding from US billionaire Warren Buffett.
Photo
