Dan Loeb successfully led a vote to transform his UK investment trust into a reinsurance company, despite opposition from some shareholders.

Editor’s Note: This change is significant as it reflects Loeb's strategic vision for the fund, potentially opening new avenues for growth and stability in the reinsurance market.

Swiss Re reported a net profit that exceeded analysts' expectations, driven by strong underwriting margins in its property and casualty sectors and improved investment results.

Editor’s Note: This is significant as it reflects the company's robust performance in a competitive market, indicating financial stability and effective management strategies that could inspire confidence among investors.