Swiss Re proposes new members to join its Board of Directors

• Swiss Re proposes to elect Vanessa Lau and Pia Tischhauser as new Board members at the 2023 AGM
• Renato Fassbind and Susan L. Wagner will not stand for re-election

Zurich, 9 December 2022 Swiss Re's Board of Directors will nominate Vanessa Lau and Pia Tischhauser for election as new members of the Board at the upcoming Annual General Meeting of shareholders (AGM) on 12 April 2023. Current Board members Renato Fassbind and Susan L. Wagner will not stand for re-election.

Vanessa Lau is the Group Chief Financial Officer of Hong Kong Exchanges and Clearing Limited (HKEX). Before joining HKEX in 2015, she worked as a Vice President & Senior Research Analyst at Sanford C. Bernstein starting in 2011. Prior to that, Vanessa Lau was the Chief Financial Officer of Alcoa's Global Rolled Products Group in New York. Before joining Alcoa, she worked as an Associate Principal at McKinsey & Company in Hong Kong. Vanessa Lau started her career in various positions at PricewaterhouseCoopers UK.

Pia Tischhauser served on the Executive Committee of Boston Consulting Group (BCG) as an elected member from 2016 to end 2021. From 2015 to 2021, she was also the global leader of BCG's insurance practice, tripling its client footprint with leading global and mid-sized insurers during her tenure. Prior to that, Pia Tischhauser led the global commercial insurance & reinsurance business within BCG's insurance practice and was responsible for the development and buildout of its insurance business across Switzerland and the UK.

Swiss Re's Chairman of the Board of Directors Sergio P. Ermotti said: "We are delighted to attract two outstanding professionals for election to our Board of Directors. Vanessa Lau and Pia Tischhauser bring strong expertise in financial services and proven strategic skills."

Renato Fassbind will not stand for re-election at the upcoming AGM. Mr Fassbind is the Vice Chairman and Lead Independent Director of the Board. He chairs the Audit Committee and is a member of the Governance and Nomination Committee and the Compensation Committee. He has served on Swiss Re's Board of Directors since 2011 and will reach the 12-year tenure limit at the AGM 2023.

After 9-years of service on Swiss Re's Board of Directors, Susan L. Wagner will not stand for re-election at the upcoming AGM. Ms Wagner chairs the Investment Committee, is a member of the Governance and Nomination Committee and was a member of the Finance and Risk Committee for many years.

Swiss Re's Chairman Sergio P. Ermotti said: "On behalf of my colleagues, I would like to thank Sue and Renato for their great dedication and commitment to Swiss Re over many years. They both contributed strongly to our company's strategic development. Their guidance and governance expertise will be thoroughly missed. We wish them all the best for the future."  

About Swiss Re

The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

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