Swiss Reinsurance Co. reported a 45 percent increase in second-quarter net profit Tuesday, boosted by greater revenue from premiums thanks to the acquisition of General Electric Co.'s Insurance Solutions last year. Swiss Re said its net income in the three months ended June 30 rose to 1.2 billion Swiss francs (US$1 billion; ¤730 million) from 825 million francs in the same period last year. Premiums rose 17 percent during the second quarter to 7.96 billion francs (US$6.69 billion; ¤4.85 billion) from 6.82 billion francs in April-June 2006. The world's largest reinsurance company in terms of premiums said the growth reflected the inclusion of Insurance Solutions, which it acquired from GE last November for around US$8 billion, the Associated Press reported.
