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Swiss Re, World’s Largest Reinsurer, Takes Record Hit, Bottom Not in Sight

“Reinsurance” is an arcane concept, though it supports almost every financial transaction in the world. You see where this is going. After a $2.6bn injection of Buffet money, the company’s stock dropped 28%. Why this should scare you: This means even insurers and others thought immune to the downturn are in a world of hurt.

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- March 21, 2010 -

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