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: 1879819
12 April 2024 06:30PM

Swiss Re shareholders approve all proposals at 2024 AGM


Swiss Re Ltd / Key word(s): AGMEGM
Swiss Re shareholders approve all proposals at 2024 AGM

12.04.2024 / 18:30 CET/CEST


Zurich, 12 April 2024 – Swiss Re's shareholders approved all motions put forward by the Board of Directors at today's Annual General Meeting (AGM). In particular:

  • The distribution of an ordinary dividend of USD 6.80 per share
  • The election of Jacques de Vaucleroy as new Chairman of the Board of Directors for a one-year term
  • The re-election of all proposed members of the Board for a one-year term
  • The election of Geraldine Matchett as a new Board member for a one-year term

Distribution of the dividend

With a majority of 99.26% of the votes cast, shareholders approved the proposal of the Board of Directors to pay out an ordinary dividend of USD 6.80 per share for the 2023 financial year, reflecting Swiss Re's strong capital position and capital management priorities.

The dividend will be paid converted into Swiss francs, out of voluntary profit reserves and will be distributed beginning 18 April 2024. From 16 April 2024, Swiss Re shares will be traded ex-dividend.

Elections to the Board of Directors

Shareholders approved the re-election of Jacques de Vaucleroy as a member of the Board of Directors and his election as new Chairman of the Board of Directors, each for a one-year term of office until completion of the next AGM.

Swiss Re's new Chairman Jacques de Vaucleroy said: "I would like to thank shareholders for their support and trust in me. Since joining the Board of Directors seven years ago, my appreciation for Swiss Re has only grown. I look forward to continuing to work with the Board of Directors and the management team as we remain focused on increasing profitability and shareholder returns."

The shareholders re-elected all other proposed members of the Board of Directors for a one-year term of office. Geraldine Matchett was elected as a new Board member, for a one-year term as well.

In addition, shareholders re-elected all proposed Compensation Committee members for a one-year period.

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

Shareholders approved with 83.16% of the votes cast the maximum aggregate amount of compensation for the members of the Board of Directors for the one-year term until the completion of the 2025 AGM.

Shareholders also approved the aggregate amount of variable short-term compensation for the members of the Group Executive Committee for the 2023 financial year with 93.51% 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 2025 financial year with 83.69%.

In a consultative vote, the shareholders approved the 2023 Compensation Report with 90.45% of the votes cast.

Additional voting results and information

Further motions 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 2023 financial year
  • The company's Sustainability Report 2023 in a consultative vote
  • The discharge of all members of the Board of Directors for the last financial year

Detailed voting results and the minutes of the AGM will be available on Swiss Re's website. A replay of today's AGM as well as the speeches of the Chairman and the Group CEO 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 Swiss Re's press releases.

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.


News Source: Swiss Re Ltd


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: 1879819

 
End of News EQS News Service

1879819  12.04.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1879819&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
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.