Swiss Re's Group Chief Investment Officer and Country President Switzerland, Guido Furer, has decided to retire effective 31 March 2023, after 25 years with the Company and having served as Group CIO for a full decade.

"After a 35-year-long, fulfilling career in the financial sector, I want to enjoy more time with my family and dedicate myself to my pro bono activities on various foundation boards", said Guido Furer.

Christian Mumenthaler, Swiss Re's Group Chief Executive Officer, said: "While we fully respect Guido's decision, we will miss him and his relentless commitment to the Company. Guido also has continuously reinforced Swiss Re's stature as one of the cornerstones of the Swiss financial center."

Sergio Ermotti, Chairman of Swiss Re's Board of Directors, said: "On behalf of the Swiss Re Board of Directors, I would like to thank Guido Furer for his huge contribution to the success of the Group over the past 25 years. I wish him all the best for his future endeavors. Until the actual transition will take place, Guido will continue to serve the Company with full dedication and commitment. His passion for his team's and the Company's performance will help us ensure a smooth transition."