Governance and risk management

Board of Directors and Executive Management

Board of Directors

  • Walter B. Kielholz, Chairman
  • Renato Fassbind, Vice Chairman
  • Raymond K. F. Ch’ien, Member of the Board of Directors
  • Mary Francis, Member of the Board of Directors
  • Rajna Gibson Brandon, Member of the Board of Directors
  • C. Robert Henrikson, Member of the Board of Directors
  • Trevor Manuel, Member of the Board of Directors
  • Jay Ralph, Member of the Board of Directors
  • Joerg Reinhardt, Member of the Board of Directors
  • Philip K. Ryan, Member of the Board of Directors
  • Sir Paul Tucker, Member of the Board of Directors
  • Jacques de Vaucleroy, Member of the Board of Directors
  • Susan L. Wagner, Member of the Board of Directors

Executive Management

  • Agostino Galvagni, Chief Executive Officer
  • Rudolf Flunger, Member of the Executive Committee
  • Martin Müller, Member of the Executive Committee
  • Serge Tröber, Member of the Executive Committee
  • Kera McDonald, Chief Risk Officer
  • Edmond Kartun, Appointed Actuary

Changes in 2017

  • Jay Ralph and Joerg Reinhardt were elected as new members of the Board of Directors.
  • Carlos E. Represas did not stand for re-election.

Changes in 2017

  • Martin Müller was appointed as a member of the Executive Committee.
  • Edmond Kartun was appointed as Appointed Actuary.
  • Seth Meyer has decided to step down as a member of the Executive Committee.
  • Doris Blum has decided to step down as Appointed Actuary.

Governance and Risk management

As a Business Unit top-level entity, the Company is subject to enhanced governance requirements, which apply to all “Level I” classified legal entities. All risk-related activities of the Company and its subsidiaries are subject to Swiss Re’s risk management framework.

In September 2017, the Group Board approved new SST capitalisation targets for the Group, and for Swiss Reinsurance Company Ltd and the Company, which act as holding companies for Swiss Re’s Reinsurance and Corporate Solutions Business Units, respectively. The targets are set at a similar level to the 2017 respectability limits and represent capitalisation objectives for executive management in normal operating circumstances; they also serve to caution management against holding excess capital. These changes take effect from 2018.

Swiss Re’s 2017 Financial Report describes the governance and risk management structure as it applies to the Company. For more information, please refer to the Group Governance and risk management section.