Swiss Re nominates Jacques de Vaucleroy for election as Chairman of its Board of Directors

– SWITZERLAND, Zürich – Swiss Re (SWX: SREN) today announced the nomination of current Vice-Chairman Jacques de Vaucleroy for his election as the new Chairman of the Board of Directors at the next AGM in April 2024, following the resignation of Sergio Ermotti as Chairman on 30 April 2023.

Until the next AGM in April 2024, Jacques de Vaucleroy will continue to lead the Board of Directors in his current capacity as Vice-Chairman.

Joerg Reinhardt said: “I am delighted that the Board of Directors proposes Jacques de Vaucleroy, who currently acts as chair ad interim, as the next Chairman of Swiss Re. From the selection process, which involved several external candidates, Jacques emerged as the Board’s preferred successor. I am convinced that his in-depth knowledge, his outstanding experience in the industry, and his thorough acquaintance with Swiss Re will be of great value.”

Jacques de Vaucleroy said: “I feel honoured by this nomination. Swiss Re will continue to be fully determined to execute its strategy and achieve its financial targets. The company’s excellent client franchise, the very strong capital position, and our simplified, nimbler organisation enable us to bring the best of our firm to clients, investors, and employees.”

About Jacques de Vaucleroy

Jacques de Vaucleroy has over 30 years of experience in the insurance industry. He was elected to the Board of Directors of Swiss Re in 2017. He currently chairs the Compensation Committee and the Governance and Nomination Committee. He is also Chairman of the Board of Directors of Swiss Re Europe S.A. and Swiss Re International S.E. Jacques de Vaucleroy was a member of the Management Committee of AXA Group from 2010 to 2016, serving as Chief Executive Officer for North, Central, and Eastern Europe and Chief Executive Officer of Global Life&Savings. He also held several positions on the boards of directors and supervisory boards of AXA companies. Before that, he spent 24 years at ING, where he held senior roles in banking, asset management, and insurance. He was a member of the Executive Board of ING Group from 2006 to 2009, in charge of insurance and asset management in Europe. Jacques de Vaucleroy is a Board member of Fidelity International Limited, Eight Roads Holdings Limited, Colt Technology Services Group plc, and Everex S.A. He is also Chairman of the Supervisory Board of Heraclius Topco B.V. In addition, he is on the board of two non-profit organizations, namely the Simõn I. Patiño Foundation and TADA. Jacques de Vaucleroy is a Belgian citizen born in 1961.

He graduated with a Master’s in Law from the Université Catholique de Louvain, Belgium, and a Master’s in Business Law from the Vrije Universiteit Brussel, Belgium.

About Swiss Re

The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from aging populations to cybercrime. The Swiss Re Group aims to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

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