Company Announcements

Swiss Re announces plans to streamline organisational structure

Source: EQS

Swiss Re Ltd / Key word(s): Corporate Action/Restructure of Company
Swiss Re announces plans to streamline organisational structure

02-Feb-2023 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Article 53 LR

  • Swiss Re to split Reinsurance into Property & Casualty Reinsurance (P&C Re) and Life & Health Reinsurance (L&H Re)
  • Urs Baertschi will lead P&C Re, Paul Murray will lead L&H Re, and Moses Ojeisekhoba will lead the newly formed Global Clients and Solutions Business Unit

Zurich, 2 February 2023Swiss Re today announced plans to streamline its organisational structure. The reorganisation, which aims to simplify structures, improve efficiency and client experience, will be effective 3 April 2023, subject to regulatory approvals.

The current Reinsurance Business Unit will be split into P&C Re and L&H Re, with each having full authority over the respective underwriting and claims management processes. Urs Baertschi, currently Chief Executive Officer Reinsurance EMEA, will lead P&C Re, while Paul Murray, currently CEO Reinsurance Asia Pacific, will lead L&H Re.

Moses Ojeisekhoba, currently CEO Reinsurance, will take over leadership of Global Clients and Solutions. This Business Unit will contain the client management teams servicing Swiss Re's global reinsurance clients, Public Sector Solutions, iptiQ and Reinsurance Solutions.

Corporate Solutions continues as a Business Unit under the leadership of Andreas Berger.

The responsibilities of the Group Chief Underwriting Officer will be reallocated, most importantly to the CUOs of P&C Re and L&H Re, as well as to Group Risk Management, to continue the Group's focus on underwriting excellence. The tasks of the Regional Presidents will be reallocated as the roles will no longer exist in the new set-up.

The reorganisation will not change the way Swiss Re reports its financial results externally.

Group CEO Christian Mumenthaler said: "The planned changes will emphasise performance accountabilities and bring clear efficiencies. The simpler set-up with shorter decision paths will also result in enhanced client focus."


For further information please contact Swiss Re Media Relations: + 41 (0)43 285 7171 or
Please use this link to access Swiss Re's press releases.

Swiss Re
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

Cautionary note on forward-looking statements
Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans, objectives, targets, and trends) and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical fact or current fact. Further information on forward looking statements can be found in the Legal Notice section of Swiss Re's website.

End of Inside Information
Language: English
Company: Swiss Re Ltd
Mythenquai 50/60
8022 Zurich
Phone: +41 (0) 43 285 71 71
ISIN: CH0126881561
Valor: 12688156
Listed: SIX Swiss Exchange
EQS News ID: 1549573

End of Announcement EQS News Service

1549573  02-Feb-2023 CET/CEST