Insurers face sluggish growth in 2010 - Swiss Re
Insurers face a year of sluggish growth in 2010, held back by a tepid economic recovery and overshadowed by threats of rising catastrophe claims and higher capital requirements, reinsurer Swiss Re said.
Swiss Re, the world's second-largest reinsurer, plans a $100 million catastrophe bond to cover business ceded to it by property-casualty insurer Ace Limited, investors said on Wednesday.