Reuters logo
Swiss Re says alternative capital cannot replace traditional reinsurers
July 3, 2014 / 5:20 AM / 3 years ago

Swiss Re says alternative capital cannot replace traditional reinsurers

ZURICH, July 3 (Reuters) - Swiss Re played down competition from alternative capital in the reinsurance industry on Thursday, and said it was on track to meet its 2011-2015 financial targets.

“With clients expected to continue to rely on reinsurers for services and long-term support, we also believe that alternative capital cannot replace the traditional reinsurance model,” the reinsurer’s chief executive Michel Lies said in a statement released ahead of an investor day in London.

Swiss Re said it would announce its 2016 financial goals in February. (Reporting by Alice Baghdjian)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below