Kaspar Villiger resigns as a member of Swiss Re’s Board of Directors with effect from 13 March 2009

04 March 2009, Zurich

Following Kaspar Villiger’s nomination for election as Chairman of the UBS Board of Directors today, Mr Villiger will resign as a member of Swiss Re’s Board of Directors with effect from 13 March 2009, the day of Swiss Re’s Annual General Meeting 2009.

“The Board of Directors thanks Kaspar Villiger for his valuable contribution and commitment to Swiss Re in the past years and wishes him every success in his proposed new role as Chairman of UBS”, said Peter Forstmoser, Swiss Re’s Chairman of the Board of Directors.

Kaspar Villiger joined Swiss Re’s Board of Directors in 2004 for a four-year term and was re-elected in 2008 for a three-year term.

Notes to editors

Swiss Reinsurance Company Ltd

Swiss Re is a leading and highly diversified global reinsurer. The company operates through offices in more than 25 countries. Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial services products that enable risk-taking essential to enterprise and progress. The company’s traditional reinsurance products and related services for property and casualty, as well as the life and health business are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management. Swiss Re is rated “A+“ by Standard & Poor’s, “A1” by Moody’s and “A” by A.M. Best.