Governance framework

The Swiss Re Group, consisting of Swiss Re Ltd and its subsidiaries, is committed to effective corporate governance for the benefit of its shareholders and other stakeholders. This commitment is founded on the principles of fairness, transparency and accountability. Swiss Re’s corporate governance structures provide for checks and balances and separation between the Board of Directors (Board) and the Group Executive Committee.

Under the leadership of its Chair, the Board is responsible for the overall direction, supervision and control of Swiss Re Ltd and the Swiss Re Group. These responsibilities are non-transferable and rest with the entire Board. The Board has established the following four Board committees that support the Board in fulfilling its duties: the Governance, Nomination and Sustainability Committee; the Audit Committee; the Compensation Committee; and the Risk Committee.

The Board has delegated the management of Swiss Re Ltd and the Group to the Group Executive Committee under the leadership of the Group CEO. Such delegated management is within the responsibility of the entire Group Executive Committee. The Group Executive Committee discharges its responsibilities as a joint body, except for responsibilities delegated on the basis of applicable governance documents, including the Bylaws, to the Group CEO or other individual Group Executive Committee members, any sub-committee or sub-group.