Swiss Re Plans $2.8 Billion Payout After Disaster Losses Decline

Swiss Re Plans $2.8 Billion Payout After Disaster Losses Decline

Simon Dawson/Bloomberg

A city worker walks with pedestrians as he passes the Swiss Re Insurance building, also known as "the Gherkin," and construction cranes in London. Swiss Re’s fourth-quarter net income fell to $795 million, from $983 million in the year-earlier period, after $900 million of losses from Sandy.