Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Swiss Re considers early Buffett redemption with capital buffer

10 May 2010

Swiss Re said last week its excess capital leapt from $9bn to $12bn in the first quarter and added that it was now focused on repaying Warren Buffett - which would allow the world's second-largest reinsurer to restart share buybacks.

"Our excess capital has grown significantly," explained CFO George Quinn on an investor conference call last week. "It's above the minimum requirement for a double-A rating."

"We have a problem, in the positive sense, with excess capital, and wouldn't announce...

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