"The Q4 results are likely to be messy - they are certainly difficult to forecast." Not our words, but those of an analyst at Collins Stewart presented with the near impossible task of predicting the highlight of the upcoming 2008 reporting season - Swiss Re's results.
More urgently, William Hawkins at Keefe Bruyette and Woods (KBW) expressed the fear that Swiss Re may be considering capital restructuring to rebuild excess capital buffers and protect its financial strength ratings. KBW cut...
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