Swiss Re appointed Velina Peneva, currently Group Chief Investment Officer, as CEO L&H Re, while Martin Zingg, currently Group Head Corporate Development & Capital Markets, was appointed Group Chief Investment Officer and member of the Group Executive Committee.

Both Velina Peneva and Martin Zingg will assume their new roles on 1 October 2026.

Velina Peneva will succeed Paul Murray, who decided to leave Swiss Re to pursue new opportunities after more than 20 years at the company.

Swiss Re's Group Chief Executive Officer Andreas Berger said: "These appointments reflect the depth of our internal talent pool and position Swiss Re well to build on its momentum. Velina brings strong leadership and deep expertise in disciplined capital allocation for complex, long-duration risks, alongside a distinctive understanding of the client-relevant issues that are central to the L&H Re business. Meanwhile, Martin's broad investment expertise and more than three decades of leadership experience across the insurance industry will help drive the continued strength of our investment function. We thank Paul for his exceptional commitment, the highly valued service and the very professional collaboration over the last 23 years. We sincerely regret his departure and wish him continued success and all the best, both professionally and privately."