California Real Estate Mogul: Money Moves (12/11)
Dec. 11 (Bloomberg) -- On today's "Money Moves," Bloomberg News puts the focus on alternative assets and places where investors are putting their money outside of the traditional stock and bond markets. (Source: Bloomberg)
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The Natural Catastrophes Hurting Swiss Re's Profits
48:50 - Swiss Re AG, the world’s biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims including earthquakes in Japan and forest fires in Canada. Net income declined to $637 million from $820 million a year earlier, the Zurich-based company said in a statement on Friday. That beat the $605 million average estimate of nine analysts in a Bloomberg survey. Chief Financial Officer David Cole discusses with Bloomberg's Francine Lacqua on "The Pulse."