Eyes on the balance sheet

摘要

The insurance industry needs to learn some lessons from the banking industry, says John Goomber, chief executive officer of Swiss Reinsurance Company, one of the top two reinsurers in the world with a market capitalisation of over $19bn. The company, known as Swiss Re and one of the best-managed in the industry, posted net profits of SFrl.7bn ($1.3bn) in 2003 and a return on equity (ROE) of 10.2%, a bounce back from two years of losses. Its average ROE target for 2004-06 is 13%.