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Additionally, Swiss Re has confirmed that Philip Ryan and Sir Paul Tucker will not stand for re-election at the AGM.<\/p>\nGlobal reinsurer Swiss Re has nominated Morten H\u00fcbbe and George Quinn for election as new, non-executive and independent members of the Board for a one-year term, ahead of its annual general meeting (AGM) 2025.<\/p>\n
Additionally, Swiss Re has confirmed that Philip Ryan and Sir Paul Tucker will not stand for re-election at the AGM.<\/p>\n
The Board has also proposed re-election of all other current members for a one-year term in office, including Jacques de Vaucleroy as both a Board member and Chairman.<\/p>\n
The reinsurance giant\u2019s Board has also proposed the re-election of Deanna Ong, Jay Ralph, and Joerg Reinhardt along with the election of Morten H\u00fcbbe as a new member to the Compensation Committee.<\/p>\n
H\u00fcbbe was Group Chief Executive Officer of Tryg, Scandinavia\u2019s largest non-life insurer, from 2011 to 2023, serving as the Group Chief Financial Officer (CFO) from 2002 to 2011. Prior to that, he worked at Zurich Insurance Group and Almindelig Brand Insurance in Denmark. He is currently Chairman of the Boards of Conscia and Trustly.<\/p>\n
Quinn was Group CFO at Zurich Insurance Group from 2014 until 2024. Prior to that, he held various leadership roles at Swiss Re, most recently as Group CFO from 2007 to 2014. His career began in 1988 at KPMG in London.<\/p>\n
Jacques de Vaucleroy commented, \u201cWe are delighted to attract two outstanding industry professionals for election to our Board of Directors. Morten H\u00fcbbe and George Quinn bring extensive insurance experience, strong expertise in our core business and proven strategic skills. I would also like to thank Philip Ryan and Sir Paul Tucker for their great dedication and strong contributions to Swiss Re\u2019s strategic development over the past years.\u201d<\/p>\n
Along with these additions, Swiss Re proposes an increased dividend of $7.35 per share, an 8% increase, supported by solid results and a strong capital position. The group has maintained a strong capital position, as the Group Swiss Solvency Test (SST) ratio stands at 257% as of January 1st, 2025.<\/p>\n
de Vaucleroy added, \u201cIn 2024, Swiss Re strengthened the foundations of its business while focusing on disciplined underwriting and cost efficiency. In the current heightened risk environment, our increased resilience allows us to continue to provide peak risk capacity and risk knowledge to our clients while creating value for our shareholders.\u201d<\/p>\n
Ahead of its AGM, the firm has also published its Annual Report 2024, Sustainability Report 2024, consistent with its capital management priorities.<\/p>\n
In line with the new requirements of the Swiss Climate Ordinance, the report includes the Climate Transition Plan for the first time, which outlines Swiss Re\u2019s strategy to achieve Group-wide net zero greenhouse gas emissions by 2050.<\/p>\n
The post Swiss Re nominates Morten H\u00fcbbe and George Quinn as new non-exec Board members<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Global reinsurer Swiss Re has nominated Morten H\u00fcbbe and George Quinn for election as new, non-executive and independent members of the Board for a one-year term, ahead of its annual general meeting (AGM) 2025. Additionally, Swiss Re has confirmed that Philip Ryan and Sir Paul Tucker will not stand for re-election at the AGM. The…<\/p>\n","protected":false},"author":1,"featured_media":539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance"],"_links":{"self":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/comments?post=537"}],"version-history":[{"count":2,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/537\/revisions"}],"predecessor-version":[{"id":540,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/537\/revisions\/540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/media\/539"}],"wp:attachment":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/media?parent=537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/categories?post=537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/tags?post=537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}