Swiss Life Assurance, Patrimoine Sees Hard Landing, Tribune Says

Swiss Life Insurance and Patrimoine expects a harder landing than expected at the end of this year, Chief Executive Officer Eric Le Baron told La Tribune in an interview.

Le Baron estimates that the market should shrink by about 14 percent over the year in gross premium terms and in terms of net premiums it will also decline, La Tribune reported. Net premiums will stop falling during 2012, Le Baron said, according to the French newspaper.

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To contact the reporter on this story: Andrew Roberts in Paris at +33-1-5365-5015 or aroberts36@bloomberg.net

To contact the editor responsible for this story: Marthe Fourcade at +33-1-5365-5065 or mfourcade@bloomberg.net

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