Word: swiss
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Dates: during 1960-1969
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...King has inspired many clergymen to think that their natural habitat is the civil rights demonstration. But there is no comparable liberty within Catholicism. Thus the Berrigan case raises the question, unanswered by the Vatican Council, of the limits of clerical obedience, and the deeper issue once posed by Swiss Theologian Hans Küng: "How is the church's message of freedom to be regarded as credible by men if she herself does not show herself as a place of freedom?" No Catholic questions that authority is essential in the church, or that bishops and superiors have...
Zurich's Swiss Reinsurance Co. has more reason than most to rue the vintage year of disaster. It is the world's biggest reinsurance company. "Swiss Re," as its name suggests, insures the insurance companies-more than 1,000 of them are its clients-by accepting part of their liability for claims arising from natural catastrophe or human accident. On the broad marble staircase of the company's châteauesque lakeside headquarters stands a baroque statue of St. Florian, who is regarded as a protector against natural disasters. Says Matthew Klaas, 63, one of Swiss...
...down so much that it really hurt. Despite a net underwriting loss of $759,000 over its last 18-month reporting period, the company showed an overall profit of $10 million, paid its 14,373 shareholders about 75% of that in dividends. How? By astute investment of premium income. Swiss Re owns $811 million in interest-bearing investments and has cash reserves of $31 million-enough, suggested one hyperimaginative financial writer recently, to cover the cost of the end of the world. Says Chairman Max E. Eisenring, 55: "The writer is overstating it by a shade...
...Swiss Re was founded in 1863 by two Swiss banks and an insurance company, later benefited from an immense catastrophe that was almost its undoing. Hard hit by $989,000 in claims after the San Francisco earthquake and fire in 1906, the still small company gulped, somehow got together enough money to pay off promptly. By cementing client confidence, this performance paved the way for rapid expansion. Swiss Re had become the world's biggest reinsurer by the outbreak of World War II, emerged from the war stronger than ever...
According to the police, Oufkir was in Paris at the time of Ben Barka's disappearance not for the reason he gave -that he was taking his children to their Swiss boarding school. Instead, the cops said, he had come to oversee the abduction. The police also established a motive: in his dickerings with King Hassan for a rapprochement between the palace and Moroccan leftists, Ben Barka had demanded Oufkir's dismissal as one of the conditions...