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Swiss Re chief executive resigns

Swiss Re chief executive Jacques Aigrain has resigned from his post at the reinsurer.

Aigrain, who departs the Swiss firm on February 18 after seven years at the firm, will be replaced by deputy chief executive officer and chief operating officer Stefan Lippe.

Aigrain says: “Having taken measures to reinforce the group’s capital strength and further de-risk its investment portfolio, the interests of Swiss Re are now best served by a change in executive leadership. Stefan has been the architect of Swiss Re‘s focus on disciplined, quality underwriting in the reinsurance business. I wish him and the team the greatest of success for Swiss Re to shine anew.”

Lippe, who has been with the group for 25 years, says his focus will now be on “meeting our clients’ needs, creating shareholder value and providing quality career opportunities in a stimulating business environment”.

Swiss Re chairman of the board of directors Peter Forstmoser says: “’We are very pleased that Stefan assumes the CEO position. His proven track record in reinsurance will support our efforts to focus on our core business, while at the same time ensuring operational continuity.”

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