Swiss Re merges European units' leadership with new appointment

Swiss Re has appointed Claudia Cordioli to lead its reinsurance business in Western and Southern Europe.

Cordioli's appointment will merge the leadership of Swiss Re's current France, Benelux and Switzerland unit with its Iberia, Mediterranean and Italy unit.

The financial strength and expanded scope of this combined region will allow Swiss Re to efficiently enable the European insurance industry to move forward on key priorities, according to a statement. These include reducing underinsurance through technology-based natural catastrophe insurance, further progressing product development to meet the needs of digital consumers and strengthening the use of reinsurance as a tailored tool for efficient capital management.

Over the last 15 years, Cordioli has built a solid management track-record at Swiss Re, the company said. Cordioli has served as chief financial officer (CFO) for the EMEA Reinsurance Division and her leadership of the Iberia, Mediterranean and Italy markets has led to strong results in terms of growth and profitability across these regions.

The appointment follows the move of Ivo Hux, currently head of the France Benelux and Switzerland region to the role of general manager of Swiss Re Europe, Luxemburg.

Jean-Jacques Henchoz, CEO reinsurance EMEA for Swiss Re said: "The consolidated Western and Southern European region offers Swiss Re a stronger basis to approach this significant group of insurance markets. This move gives us the strategic focus to strengthen our long-established relationships and to help our partners grow, especially through technological innovation and tailored reinsurance solutions. Claudia Cordioli's work in helping our partners close protection gaps, especially regarding natural catastrophe protection, as well as her strong financial knowledge, make her the ideal choice to lead our partnerships in this region."

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