Put companies on watchlist
Swiss Re Ltd
ISIN: CH0126881561
WKN: A1H81M
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Swiss Re Ltd · ISIN: CH0126881561 · EQS - Company News (133 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1327515
13 April 2022 12:00PM

Swiss Re shareholders approve all proposals at 2022 AGM


Swiss Re Ltd / Key word(s): AGMEGM

13.04.2022 / 12:00


Zurich, 13 April 2022 - Swiss Re's shareholders approved all proposals put forward by the Board of Directors at today's Annual General Meeting (AGM). This included the distribution of an ordinary dividend of CHF 5.90 per share as well as the re-election of Sergio P. Ermotti as Chairman of the Board of Directors and the re-election of all other proposed members of the Board.

Swiss Re's Chairman Sergio P. Ermotti said: 'When I took office a year ago, I emphasised that Swiss Re needed to strengthen its resilience to meet the expectations of investors, clients and employees. Over the last year, this has been our top priority, focusing on high-quality portfolio and margins in our Reinsurance business, the successful turnaround of Corporate Solutions,and the continued growth at iptiQ. We have achieved important interim goals on our way to sustainably strengthen Swiss Re's long-term earnings power, and I am convinced that we can improve our performance even further in the future.'

Distribution of dividend

With a majority of 99.1% of the votes cast, shareholders approved the proposal of the Board of Directors to pay out an ordinary dividend of CHF 5.90 per share for the 2021 financial year - at the same level as the previous year's distribution and reflecting Swiss Re's very strong capital position and capital management priorities.

The dividends will be paid out of voluntary profit reserves and will be distributed beginning 21 April 2022. From 19 April 2022 Swiss Re shares will be traded ex-dividend.

Elections to the Board of Directors

Shareholders approved the re-election of Sergio P. Ermotti as the Chairman of the Board of Directors as well as all other proposed members of the Board of Directors for a one-year term of office.

In addition, shareholders elected Deanna Ong as a new member of the Compensation Committee and re-elected all other proposed members for a one-year period. At the constitutional meeting of the Board of Directors, Renato Fassbind was re-appointed as Vice Chairman and as Lead Independent Director.

In line with the new 12-year tenure limit, Raymond K.F. Ch'ien did not stand for re-election and stepped down as a member of the Board of Directors.

Approval of the compensation of the Board of Directors and Group Executive Committee

Shareholders approved the maximum aggregate amount of compensation for the members of the Board of Directors for the one-year term until the completion of the 2023 AGM with 86.4% of the votes cast.

Shareholders also approved the aggregate amount of variable short-term compensation for the members of the Group Executive Committee for the 2021 financial year with 88.7% of the votes cast. In addition, shareholders approved the maximum aggregate amount of fixed compensation and variable long-term compensation for the members of the Group Executive Committee for the 2023 financial year with 87.8%.

In a consultative vote, the shareholders approved the 2021 Compensation Report with 91.1% of the votes cast.

Additional voting results and information

Further proposals by the Board of Directors that were approved by today's AGM included:

  • The company's Annual Report (including the Management Report) and the annual and consolidated financial statements for the 2021 financial year.
  • The discharge of all members of the Board of Directors for the last financial year.
  • The introduction of a 12-year tenure limit for all current and new Board members.

In addition, the Board of Directors formally committed to increasing the female representation at Board level to at least 30% by the 2023 AGM. In line with Swiss Re's diversity, equity and inclusion strategy, the Board of Directors places a particular importance on increasing the proportion of women in leadership positions.

Detailed voting results and minutes of the AGM are available on Swiss Re's website. A replay of today's virtual shareholder information event, which took place at 10:00 CEST, as well as the speeches of the Chairman and the Chief Executive Officer can also be accessed on the website.

For further information please contact Swiss Re Media Relations: + 41 (0)43 285 7171 or Media_Relations@Swissre.com.
Please use this link to access the Swiss Re website.

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 ageing populations to cyber crime. The aim of the Swiss Re Group is 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.

Cautionary note on forward-looking statements
Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans, objectives, targets, and trends) and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical fact or current fact. Further information on forward looking statements can be found in the Legal Notice section of Swiss Re's website.



End of Media Release


Language: English
Company: Swiss Re Ltd
Mythenquai 50/60
8022 Zurich
Switzerland
Phone: +41 (0) 43 285 71 71
E-mail: Media_Relations@swissre.com
Internet: www.swissre.com
ISIN: CH0126881561
Valor: 12688156
Listed: SIX Swiss Exchange
EQS News ID: 1327515

 
End of News EQS News Service

1327515  13.04.2022 

fncls.ssp?fn=show_t_gif&application_id=1327515&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Swiss Re Ltd
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.