Swiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer as of 1 June 2025, subject to regulatory approval.

Separately, after a combined 25-years' tenure at Swiss Re, Group Chief Risk Officer Patrick Raaflaub has decided to retire by the end of September 2025. The succession process is currently in progress, and a successor will be announced in due course.

According to the company, in her new role as Group Chief Underwriting Officer, Kera McDonald will be responsible for driving underwriting excellence across all Business Units, steering the Group capacity allocation, defining mid-term underwriting ambitions and approving very large or complex transactions.

"Underwriting is at the core of everything we do, and the re-establishment of this function underscores our commitment to enhancing technical excellence across all businesses. As the Chief Underwriting Officer for Corporate Solutions, Kera has been instrumental in improving costing accuracy and significantly enhancing portfolio management discipline and processes. I'm very pleased to welcome Kera to Swiss Re's Group Executive Committee in this new role", commented Swiss Re's Group Chief Executive Officer Andreas Berger.

Patrick Raaflaub first joined Swiss Re in 1994 and held a number of leadership roles in Finance and Capital Management. "It has been a privilege to serve on the Group Executive Committee with Patrick over the past years. As the Group Chief Risk Officer, he has successfully driven an integrated approach to managing current and emerging risks across the company. I respect his wish to retire after such a long and rewarding career and would like to thank him for his many contributions over the past years and his commitment to stay with the company until we have appointed his successor. On behalf of the entire executive team, I would like to wish him all the best for the future", said Andreas Berger.