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Swiss Re names corporate solutions boss Berger as new CEO
  + stars: | 2024-04-03 | by ( ) www.cnbc.com   time to read: +2 min
The corporate logo of Swiss Re, the world's second-largest reinsurer, on the outside of the company offices April 22, 2003 in Munich, Germany. Reinsurance company Swiss Re said on Wednesday it would appoint its corporate solutions boss Andreas Berger as its group chief executive from July, replacing long-serving CEO Christian Mumenthaler. De Vaucleroy said Berger had a convincing track record, underscored by his leadership during the successful turnaround of the company's commercial business insurance arm, corporate solutions. In a research note, Foessmeier said Berger had built an impressive track record at corporate solutions, adding: "Reinsurance is currently the sweet spot in the sector, for Andreas Berger the key will be execution. Rwanda-born Berger, 57, is a German national who joined Swiss Re in March 2019 as CEO of corporate solutions and a member of the group executive committee, the company said.
Persons: Andreas Berger, Christian Mumenthaler, Jacques de Vaucleroy, De Vaucleroy, Berger, Simon Foessmeier, Foessmeier Organizations: Swiss, Swiss Re Locations: Munich, Germany, Rwanda, German
Swiss Re nominates new chairman after Ermotti goes to UBS
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +1 min
FRANKFURT, July 12 (Reuters) - The insurer Swiss Re (SRENH.S) said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the role of permanent chairman of the board after his predecessor Sergio Ermotti resigned to lead UBS. The reshuffle is part of the continuing fallout from Swiss authorities' rescue of Credit Suisse in a shotgun merger with UBS and new management at the helm. De Vaucleroy, a Belgian previously with management roles at the French insurer AXA (AXAF.PA) and the Dutch bank ING (INGA.AS), has been acting as chairman since Ermotti left the chairmanship in April. Following the board's nomination, de Vaucleroy will stand for election as chairman in April at the company's annual general meeting. Reporting by Tom Sims and Oliver Hirt Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
Persons: Jacques de Vaucleroy, Sergio Ermotti, De Vaucleroy, Ermotti, Vaucleroy, Tom Sims, Oliver Hirt, Miranda Murray Organizations: Swiss, UBS, Credit Suisse, AXA, ING, Swiss Re, Thomson Locations: FRANKFURT, Belgian, Dutch
Swiss Re Chairman Ermotti to step down on April 30
  + stars: | 2023-04-27 | by ( ) www.reuters.com   time to read: 1 min
ZURICH, April 27 (Reuters) - Swiss Re (SRENH.S) Chairman Sergio Ermotti will step down from his post on April 30, the company said on Thursday, to "fully focus" on his new role as chief executive of UBS (UBSG.S). Jacques de Vaucleroy, Swiss Re Vice Chairman and Lead Independent Director, will lead the search for a successor and will chair the board in the interim, it added. Ermotti, who has been chairman of Swiss Re since 2021, is returning to UBS where he will oversee the massive merger with rival Swiss bank Credit Suisse (CSGN.S). Reporting by John Revill, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.
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