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Annual Report 2017

Compensation for members of the Board of Directors

Compensation for members of the Board of Directors

The following two tables illustrate (1) the individual compensation for the members of the Board of Directors for the reported financial years 2016 and 2017 and (2) the individual compensation for the members of the Board of Directors paid or payable for the term of office from AGM 2017 to AGM 2018.

(1) Individual Board compensation for the reported financial years 2016 and 2017 (figures in CHF thousands):

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Members of the Board of Directors

Total 2016

Fees and allowances in cash

Fees in blocked shares

Total 2017

1

Acting as the Lead Independent Director.

2

Term of office expired after the completion of the AGM of 22 April 2016 and did not stand for re-election.

3

Includes fees received for duties on the board of Luxembourg Group companies.

4

Elected to Swiss Re’s Board of Directors at the AGM of 21 April 2017.

5

Includes fees received for duties on the board of US Group companies.

6

Term of office expired after the completion of the AGM of 21 April 2017 and did not stand for re-election.

7

Elected to Swiss Re’s Board of Directors at the AGM of 22 April 2016.

8

Compensation for the members of the Board of Directors includes fixed fees (cash and shares) and minimal allowances. No sign-on or severance payments have been made.

9

Amounts are gross and include social security contributions of the Board member. Additionally and not included are company contributions to social security systems paid by Swiss Re in line with applicable laws which amounted to CHF 410 271 in 2016 and CHF 706 811 in 2017. For Board members domiciled outside of Switzerland, company social security contributions are refunded, if bilateral social security agreements between Switzerland and the country of domicile apply and provide for such refund.

Walter B. Kielholz, Chairman

4 894

2 503

1 663

4 166

Renato Fassbind, Vice Chairman, Chairman of the Audit Committee1

897

495

330

825

Mathis Cabiallavetta, former Member2

102

n/a

n/a

n/a

Raymond K.F. Ch’ien, Member

332

190

126

316

Mary Francis, Member3

464

239

136

375

Rajna Gibson Brandon, Member

325

190

127

317

C. Robert Henrikson, Chairman of the Compensation Committee

474

277

185

462

Hans Ulrich Maerki, former Member2

105

n/a

n/a

n/a

Trevor Manuel, Member

327

205

136

341

Jay Ralph, Member4

n/a

111

73

184

Joerg Reinhardt, Member4

n/a

111

73

184

Carlos E. Represas, former Member5, 6

388

163

34

197

Jean-Pierre Roth, former Member2

83

n/a

n/a

n/a

Philip K. Ryan, Chairman of the Finance and Risk Committee5

893

645

233

878

Sir Paul Tucker, Member7

227

189

126

315

Jacques de Vaucleroy, Member3, 4

n/a

304

73

377

Susan L. Wagner, Chair of the Investment Committee

573

335

223

558

Total compensation for the reported financial years8, 9

10 084

5 957

3 538

9 495

(2) Individual Board compensation for the term of office between AGM 2017 and AGM 2018 (figures in CHF thousands):

The table below provides more detailed information on the compensation paid or payable to each Board member against the maximum aggregate amount of CHF 9 900 000 as approved by the AGM 2017:

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Members of the Board of Directors

Base fees

Audit Committee fees

Compensation Committee fees

Finance and Risk Committee fees

Investment Committee fees

Additional fees1

Total2

1

Inncluding Vice Chairman or subsidiary fees.

2

Excluding company contributions to social security systems paid by Swiss Re in line with applicable laws.

3

Including an amount of approximately CHF 17 000 for minimal benefits.

Walter B. Kielholz, Chairman

 

 

 

 

 

 

4 000

Renato Fassbind, Vice Chairman
Audit Committee Chairman

225

425

50

 

 

125

825

Raymond K.F. Ch’ien, Member

225

 

50

 

50

 

325

Mary Francis, Member

225

75

 

50

 

 

350

Rajna Gibson Brandon, Member

225

 

 

50

50

 

325

C. Robert Henrikson, Member Compensation Committee Chairman

225

 

200

50

 

 

475

Trevor Manuel, Member

225

75

 

 

50

 

350

Jay Ralph, Member

225

 

 

50

 

 

275

Joerg Reinhardt, Member

225

 

50

 

 

 

275

Philip K. Ryan, Member
Finance and Risk Committee Chairman

225

75

 

300

 

295

895

Sir Paul Tucker, Member

225

 

 

50

50

 

325

Jacques de Vaucleroy, Member

225

 

 

 

50

225

500

Susan L. Wagner, Member
Investment Committee Chair

225

 

 

50

300

 

575

Total compensation for the term of office from AGM 2017 to AGM 2018

9 5123

Shares held by members of the Board of Directors

The number of shares held by members of the Board of Directors as of 31 December were:

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Members of the Board of Directors

2016

2017

1

Elected to Swiss Re’s Board of Directors at the AGM of 21 April 2017.

2

Term of office expired after the completion of the AGM of 21 April 2017 and did not stand for re-election.

3

Elected to Swiss Re’s Board of Directors at the AGM of 22 April 2016.

Walter B. Kielholz, Chairman

414 613

399 987

Renato Fassbind, Vice Chairman, Chairman of the Audit Committee

19 954

23 854

Raymond K.F. Ch’ien, Member

19 978

21 472

Mary Francis, Member

5 927

6 509

Rajna Gibson Brandon, Member

21 700

23 194

C. Robert Henrikson, Chairman of the Compensation Committee

11 065

13 248

Trevor Manuel, Member

2 363

3 972

Jay Ralph, Member1

n/a

868

Joerg Reinhardt, Member1

n/a

1 168

Carlos E. Represas, former Member2

12 837

n/a

Philip K. Ryan, Chairman of the Finance and Risk Committee

6 134

8 892

Sir Paul Tucker, Member3

1 036

2 530

Jacques de Vaucleroy, Member1

n/a

868

Susan L. Wagner, Chair of the Investment Committee

6 111

8 754

Total

521 718

515 316

Loans to members of the Board of Directors

No loans were granted to current or former members of the Board in 2017 and no loans were outstanding as of 31 December 2017.