Swiss Re Annual General Meeting

Following the restrictions on public gatherings announced by the Swiss Federal Council in response to the Covid-19 outbreak, it will not be possible for shareholders to attend this year’s AGM in person. Shareholders will be able to exercise their voting rights in writing or electronically via the independent proxy. Voting results will be published on the Group’s website.

Swiss Re’s Board of Directors nominates Sergio P. Ermotti, Joachim Oechslin and Deanna Ong for election as new, non-executive and independent members of the Board for a one-year term of office. The Board will also propose the re-election of the following members for a one-year period:

Walter B. Kielholz (as Chairman of the Board of Directors)

Raymond K.F. Ch’ien

Renato Fassbind

Karen Gavan

Jay Ralph

Joerg Reinhardt

Philip K. Ryan

Sir Paul Tucker

Jacques de Vaucleroy

Susan L. Wagner

Larry Zimpleman

As announced on 3 March 2020, Sergio P. Ermotti will be nominated to succeed Walter B. Kielholz as Chairman of the Board in 2021.

Trevor Manuel and Eileen Rominger will not stand for re-election at the upcoming AGM. They will continue to closely work with Swiss Re, with Trevor Manuel joining the Swiss Re Strategic Council and Eileen Rominger joining Swiss Re’s most important regional Board in the US.

Swiss Re’s Chairman Walter B. Kielholz, said: “On behalf of my colleagues, I would like to thank Trevor Manuel and Eileen Rominger for their great dedication and valuable contribution to Swiss Re’s main Board over the past years. We look forward to continuing to work with them in their new roles. We are also very pleased to propose the election of Sergio P. Ermotti, Joachim Oechslin and Deanna Ong, who will further expand the international experience and financial industry expertise of the Board.“

Sergio P. Ermotti has been Group Chief Executive Officer and a member of the Group Executive Board of UBS Group since 2011. Before joining UBS, he was Group Deputy Chief Executive Officer at UniCredit and responsible for the business areas of Corporate and Investment Banking, and Private Banking between 2007 and 2010. He started his professional career at Merrill Lynch in 1987, where he held various positions in the areas of equity derivatives and capital markets before he became Co-Head of Global Equity Markets and a member of the Executive Management Committee for Global Markets & Investment Banking in 2001. Sergio P. Ermotti, a Swiss citizen, is a Swiss-certified banking expert and a graduate of the Advanced Management Programme at the University of Oxford, United Kingdom.

Joachim Oechslin was Group Chief Risk Officer and a member of the Group Executive Board of Credit Suisse Group from 2014 to February 2019 and is currently a Senior Advisor at Credit Suisse. Previously, he was Chief Risk Officer and a member of the Group Committee of Munich Re Group (2007–2013), Deputy Chief Risk Officer of AXA Group (2007), Group Chief Risk Officer of Winterthur Group (2003–2006) and Chief Risk Officer of Winterthur Life & Pensions (2001–2003). Prior to joining Winterthur Group, Joachim Oechslin was a consultant at McKinsey & Company, specialising in the financial services sector. He is a Swiss citizen and holds a Master of Science in Mathematics from the Swiss Federal Institute of Technology (ETH).

Deanna Ong has been Chief People Officer and a member of the Group Executive Committee at GIC, a sovereign wealth fund established by the Government of Singapore, since 2017. For the past two years, she has also been a Board member and Chairwoman of the Audit Committee of Swiss Re’s main reinsurance carrier for the Asia region. Deanna Ong joined GIC in 1994 and held various finance roles covering public and private market assets until 2009. From 2009 to 2014, she was Director Finance, responsible for financial management across GIC’s portfolio. In 2012 she also took on responsibility for Human Resources & Organisation and Corporate Governance. Prior to joining GIC, she was a tax accountant with Arthur Andersen. Deanna Ong is a Singapore citizen and holds a Bachelor of Accountancy from the Nanyang Technological University of Singapore.

The Board of Directors also proposes the following individuals to be elected or re-elected as members of the Compensation Committee at the AGM:

Raymond K.F. Ch’ien

Renato Fassbind

Joerg Reinhardt

Jacques de Vaucleroy

Karen Gavan (new)

The Board of Directors proposes that PricewaterhouseCoopers Ltd be re-elected as the Group’s auditor for a one-year term of office for the financial year starting on 1 January 2020. The Board also proposes that KPMG Ltd be elected as the new auditor for a one-year term of office for the financial year starting on 1 January 2021.

The invitation to Swiss Re’s 2020 AGM to be held on 17 April 2020 is available online here.