Board committees

The Governance, Nomination and Sustainability Committee addresses corporate governance and sustainability matters affecting Swiss Re. It regularly monitors initiatives related to the Group sustainability strategy, oversees the Group’s approach to sustainability topics and related principles, and how they are embedded at all levels of the Group. The Governance, Nomination and Sustainability Committee assists the Board with succession planning at both Board and Group Executive Committee level. It supports the Board in its overall responsibility to propose Board and Compensation Committee members for election or re-election by the shareholders at the AGM and to appoint the Group CEO and the Group Executive Committee members. Furthermore, the Governance, Nomination and Sustainability Committee oversees Swiss Re’s talent management and corresponding initiatives as they relate to senior management.

Members:

• Jacques de Vaucleroy, Chair
• Karen Gavan
• Geraldine Matchett
• Joachim Oechslin
• Joerg Reinhardt

The Audit Committee assists the Board in fulfilling its oversight responsibilities related to the integrity of Swiss Re’s financial statements, sustainability reporting, compliance with legal and regulatory requirements, the external auditor’s qualifications, independence and performance, as well as the performance of Group Internal Audit. The Audit Committee independently and objectively monitors Swiss Re’s financial reporting process and system of internal control, and it facilitates ongoing communication between the external auditor, the Group Executive Committee, Group Internal Audit and the Board with regard to Swiss Re’s financial situation.

Members:

• Karen Gavan, Chair
• Vanessa Lau
• Deanna Ong
• George Quinn
• Larry Zimpleman

The Compensation Committee supports the Board in establishing and reviewing Swiss Re’s compensation framework and guidelines, and performance criteria as well as in preparing the proposals to the AGM regarding the compensation of the Board and of the Group Executive Committee. It proposes compensation principles for the Swiss Re Group in line with legal and regulatory requirements and the Articles of Association to the Board for approval. It determines within those approved principles, the establishment of new (and amendments to existing) compensation plans, and determines, or proposes, as appropriate, individual compensation as outlined in its charter. The Compensation Committee ensures that compensation plans do not encourage inappropriate risk-taking within the Swiss Re Group and that all aspects of compensation are fully compliant with applicable laws, rules and regulations.

Members:

• Jay Ralph, Chair
• Morten Hübbe
• Deanna Ong
• Joerg Reinhardt

The Risk Committee assists the Board in ensuring the Group’s risk management and control framework, risk appetite and risk-taking principles are adequate, aligned with the business strategy and properly applied. In this role, it reviews risk aspects related to underwriting activities, new products and strategic initiatives, and is responsible for overseeing the Group’s capital allocation and funding activities. The Risk Committee also oversees asset management activities and as such endorses the Long-term Strategic Asset Allocation (SAA), is informed of portfolio positioning decisions and reviews the performance of all financial assets of the Group.

Members:

• Joachim Oechslin, Chair
• Morten Hübbe
• Geraldine Matchett
• George Quinn
• Jay Ralph
• Pia Tischhauser
• Larry Zimpleman