Swiss Re appoints three new board members

Swiss Re has revealed it plans to make a number of changes to its board of directors at its AGM on April 21 this year.

Jay Ralph was most recently a member of the board of management of Allianz and chairman at Allianz Asset Management. His prior roles at Allianz include CEO of Allianz Re and CEO of Allianz Risk Transfer, Zurich. He started his career at Arthur Andersen & Company and has also worked for Northwestern Mutual Life Insurance Company and Centre Re Bermuda before joining Allianz.

Joerg Reinhardt has been the chairman of the Board of Directors of Novartis since 2013. He is also chairman of the Board of Trustees of the Novartis Foundation. Previously, he was chairman of the board of management and the executive committee of Bayer HealthCare, Germany.

Jacques de Vaucleroy gained his experience through global and regional CEO roles at AXA and ING, as well as non-executive board roles at Delhaize Group and Ahold Delhaize. He served as CEO of the Northern, Central and Eastern Europe (NORCEE) region of AXA Group (France) and was a member of the management committee of AXA Group with global responsibility for Life and Savings.

Carlos Represas will not stand for re-election at the upcoming AGM. He was first elected to the Board of Directors in 2010.

The board has also proposed that chairman Walter Kielholz be re-elected as chairman for a one-year term of office until the completion of the AGM in 2018.

Kielholz said: "We are pleased to be able to propose the election of Jay Ralph, Joerg Reinhardt and Jacques de Vaucleroy to the board of directors at our upcoming Annual General Meeting. We believe their international experience and diverse backgrounds will be an important asset for Swiss Re. On behalf of my colleagues, I would like to thank Carlos E. Represas, who has decided not to stand for re-election after serving on the Board since 2010."

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