25 years Swiss Re
Categories
Swiss Re
Time
19.12.1888
Locations
ZurichCountries
United Arab Emirates
By 1888 Swiss Re had overcome some of its initial difficulties.
"For the first 25 years, from 1864-1888, Swiss Reinsurance Company was a very small company, which only developed slightly during this period. Its business volume and net assets grew extremely modestly and written premiums barely doubled.
Technical problems and, in particular, the loss experience, were the only things that sealed its fate, and they immediately impacted the reported results because there were insufficient capital reserves to offset fluctuations in the loss experience externally."
From: Paul Guggenbühl "Hausstatistik Vol 1, 1863-1938", Swiss Re General Manager from 1951 to 1966.
"For the first 25 years, from 1864-1888, Swiss Reinsurance Company was a very small company, which only developed slightly during this period. Its business volume and net assets grew extremely modestly and written premiums barely doubled.
Technical problems and, in particular, the loss experience, were the only things that sealed its fate, and they immediately impacted the reported results because there were insufficient capital reserves to offset fluctuations in the loss experience externally."
From: Paul Guggenbühl "Hausstatistik Vol 1, 1863-1938", Swiss Re General Manager from 1951 to 1966.
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Categories
Swiss Re
Time
19.12.1888
Locations
ZurichCountries
Switzerland
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