Alarming rumours, financial turmoil seems to affect Swiss Re

Investments at AIG and Lehman & Brothers have already cost the Swiss reinsurer 221 million USD while structured loan-related operations have resulted in losses worth 2.6 billion USD.

Swiss Re's share, under extreme pressure since November 2007, has been considerably depreciated recently. In 52 weeks, it has lost 64% of its value versus a 38% decline for its big rival Munich Re.

Some analysts are even speaking about a possible liquidity crisis for the Swiss reinsurer.

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