News releases 2006
25 Oct 06
After today’s decision by the Federal Reserve to hold the target fed funds rate at 5.25%, Swiss Re’s US chief economist, Kurt Karl, commented, “The continuation of the federal funds rate at 5.25% was widely anticipated. The Fed is hoping that this level of interest rates is sufficient to restrain inflation, and it may be right. The housing sector has weakened significantly and auto production is down, as the sector works off inventories. Core consumer price inflation is slowing month-to-month, but not yet on a year-over-year basis, and oil prices have fallen substantially. It is still possible that inflation reasserts itself, causing the Fed to raise rates, but this is increasingly unlikely.”
29 Jun 06
On 28 November 2005, following the signing of the Transaction Agreement of 18 November 2005 regarding the acquisition of GE Insurance Solutions, Swiss Reinsurance Company made a group notification by a group ("Group") consisting of Swiss Reinsurance Company ("Swiss Re") and its subsidiaries and General Electric Company, Fairfield, Connecticut, USA, General Electric Capital Services, Inc., Stamford, Connecticut, USA, General Electric Capital Corporation, Stamford, Connecticut, USA and GE Asset Management Incorporated, Stamford, Connecticut, USA.
20 Mar 06
Swiss Reinsurance Company (Swiss Re), Mythenquai 50/60, 8022 Zurich, announces that, Franklin Resources, Inc., 500 E.Broward Blvd., Ft. Lauderdale, FL 33394, USA, known as Franklin Templeton Investments, holds, through a number of its Group companies listed below, in the capacity of investment manager for mutual funds and clients 15,857,955 registered shares of Swiss Re and fell below the threshold of 5% of the voting rights. Franklin Templeton Investments holds now 4.92% of the voting rights which can be exercised autonomously of the beneficial owners.
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