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Credit Suisse Life Insurance Subsidiary in Bermuda Awaits Judgement of Possible Write-off of $500 Million

25th March 2022 | Hong Kong

Credit Suisse local life insurance subsidiary Credit Suisse Life Bermuda, is awaiting judgement of a possible write-off in excess $500 million, a charge on reserves that had previously been taken.  Credit Suisse:” Credit Suisse has previously taken reserves against this matter and intends to pursue all available legal actions. We will consider whether any further reserves are required as part of our first-quarter results due to be published on April 27, 2022.”

“ Credit Suisse Life Insurance Subsidiary in Bermuda Awaits Judgement of Possible Write-off of $500 Million “

 


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