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Swiss Reinsurance Company
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General
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Details
Legal residence:Switzerland
Organization type:Financial service provider
Funding agencies: Asian Development Bank (HQ), Reconstruction Credit Institute /Kreditanstalt fur Wiederaufbau (HQ), The Seventh Framework Programme, Horizon 2020 (2014 - 2020), West African Development Bank (HQ), Horizon Europe (2021 - 2027)
Sectors: Risk Management (incl. insurance)
Nr. of employees:10001+
Status:
Active
About
Swiss Re is one of the leading global reinsurers. We offer a wide range of traditional reinsurance products and related services, which are complemente by insurance-based corporate finance solutions and supplementary services.
How we operate
The new structure of Swiss Re Group consists of a holding company, Swiss Re Ltd, with three distinct Business Units corresponding to Swiss Re’s core activities in reinsurance, direct corporate insurance, and direct life insurance:
- Reinsurance
- Corporate Solutions
- Admin Re®
Restructuring can pose a business risk – so it should not be undertaken lightly. Many companies have tinkered with their organisation merely for the sake of it; such attempts are hardly ever successful. Effective restructuring should reduce risk, removing needless complexity and straightening the path between operating returns and shareholder value.
Swiss Re’s new company structure, announced in February 2011, was two years in the making. It required the resolution of thousands of individual questions about client responsibilities, business processes, and legal jurisdiction. The result, however, is clear and simple: one holding company with three Business Units aligned to the dynamics of Swiss Re’s three core activities: reinsurance, direct corporate insurance, and direct life insurance. The new structure gives our Business Units better transparency, greater accountability, and improved scope for initiative. The returns from our three distinct businesses are now out in the open, as well as the options for improving those returns. Our shareholders can see exactly how their capital is put to work.
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