Swiss Re has announced four key appointments for its Asia leadership team, a move which it says will add to the executive bench strength supporting its regional expansion.… Read More
It’s first quarter results season for the insurance industry – normally a time for companies to parade their profits and offer their vision for what’s to come as the year rolls on. However, this time around, financial reports are shrouded by the heavy cloud that is COVID-19.
The impact of the coronavirus is there for all to see in the latest set of results released by reinsurance giant, Swiss Re. The company has reported a group net loss of US$225 million (around SG$317.2 million), reflecting the impact of COVID-19 as well as a pre-tax charge of US$476 million (around SG$671.1
Stefan Lippe (pictured), who was group chief executive at Swiss Re until 2012 before he moved to AXA to serve as a director, has passed away.
“Our heartfelt condolences and thoughts go out to his family at this difficult time,” said Swiss Re in a statement. “Stefan Lippe was appointed group CEO of Swiss Re in spring 2009. This was a particularly challenging time for the company.
“In the aftermath of the global financial crisis, he led Swiss Re out of the crisis to re-establish its capital strength and to consolidate trust with its clients around the globe. He accomplished
Swiss Re Corporate Solutions has announced the appointment of Matthias Grass (pictured) as chief financial officer. In his new role, Grass will oversee a team of about 200 finance professionals in offices around the world. Grass will assume the role on July 01, subject to regulatory approval and will be based in Zurich, relocating from Bratislava.
Since joining Swiss Re in 2013, Grass has served as chief financial officer of group operations and chief financial officer for Swiss Re’s service companies. Prior to joining Swiss Re, Grass held various positions of increasing seniority and McKinsey & Company.
“Matthias has shown