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Swiss Re H1 net below consensus, names new CEO, plans div hike - Forbes.com

Swiss Re H1 net below consensus, names new CEO, plans div hike
08.25.2005, 02:30 AM

ZURICH (AFX) - Swiss Re first half net income was slightly below consensus, falling 3 pct at constant currencies to 1.353 bln sfr compared to the average analyst forecast of 1.476 bln.

The combined ratio improved to 95.5 pct from 96.1 pct, and it expects a full year combined ratio at or below 96 pct.

It also named Jacques Aigrain as chief executive officer, effective Jan 1 2006, replacing John Coomber.

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Swiss Re H1 net below consensus, names new CEO, plans div hike - Forbes.com

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