At the Annual General Meeting (AGM), Swiss Re's shareholders approved the re-election of Sergio P. Ermotti as Chairman of the Board of Directors. At the same time, Swiss Re's shareholders approved the re-election of all proposed members of the Board for a one-year term and the election of Vanessa Lau and Pia Tischhauser as new Board members for a one-year term.

Global reinsurer Swiss Re announced its shareholders approved the re-election of Sergio P. Ermotti as the Chairman of the Board of Directors. As announced on 29 March 2023, Sergio P. Ermotti (recently appointed as new CEO of the UBS Group), will step down after the AGM and a short handover period. The Board of Directors has appointed Jacques de Vaucleroy as Vice Chairman and as Lead Independent Director. He will chair the Board of Directors until a new Chairperson has been elected by an Extraordinary Meeting of Shareholders.

Swiss Re's Chairman Sergio P. Ermotti said: "I would like to thank the shareholders for their support during the last two years, particularly for their understanding and for voting in favour of my re-election today. This will allow us to manage the transition period efficiently, in line with best corporate governance and in the best interest of all stakeholders involved. It has been a great honour for me to preside over Swiss Re. With a clear strategy in place, I am convinced that Swiss Re is very well positioned to thrive in an environment of heightened risks under the Board leadership of Jacques."

Swiss Re's new Vice Chairman and Lead Independent Director Jacques de Vaucleroy said: "On behalf of the Board of Directors, I thank Sergio for his significant contributions and wish him every success in his new role. Swiss Re is in a strong position, as evidenced by our excellent client franchise and our very strong capital position. Our strategic goals are clear and remain unchanged. And the company is fully determined to achieve them."

The shareholders re-elected all other proposed members of the Board of Directors for a one-year term of office. Vanessa Lau and Pia Tischhauser were elected as new Board members, for a one-year term as well.

In addition, shareholders elected Jay Ralph as a new member of the Compensation Committee and re-elected all other proposed Compensation Committee members for a one-year period.