Key responsibilities of individual members of the Group Executive Committee
Group Chief Executive Officer
The Group CEO is responsible for overseeing the operational management of the Group. This responsibility covers the GFs and the BUs Reinsurance and Corporate Solutions, Group Items and Division iptiQ. He or she leads and manages the Group EC, its processes, including succession planning and its costs, and is responsible for its performance. He or she oversees the work of the GF Heads, the Group CLO, the BU CEOs and the iptiQ CEO and gives them guidance on the execution of their tasks. The Group CEO develops the Group Strategy together with the Group EC and submits it to the Board for approval. Once approved, the Group CEO focuses on the Group Strategy’s implementation and its further development.
Group Chief Financial Officer
The Group CFO is responsible for the Group-wide Finance function, with a focus on steering and achieving the Company’s financial targets. He or she is responsible for the US GAAP and EVM consolidated financial reporting and provides the AC and FRC with regular and ad hoc financial reports that allow the committees to fulfil their related responsibilities. The Group CFO has Profit & Loss responsibility for short term investments, collateral and FX management and Swiss Re's alternative capital strategy. He or she is responsible for the Group strategic process including initiating respective Group EC and Board discussions and monitoring and steering of the Group Strategy implementation.
Group Chief Investment Officer
The Group CIO is responsible for the Group-wide Asset Management function and its investment results. He or she manages the investment portfolio, advises the BUs on defining their strategic asset allocation (SAA), and implements the SAA and manages financial assets for the Group, the BUs and Division iptiQ within the risk limits set by the Group EC. The Group CIO retains responsibility for decisions on investment tactics and also provides financial market advice on strategic projects and transactions. In addition, the Group CIO is responsible for the Asset Management organisation and operational and compliance risks pertinent to his or her responsibilities.
Group Chief Operating Officer
The Group COO is responsible for Group-wide Operations functions, its processes, including oversight of human resources and talent management as it relates to Group Operations, as well as its cost and performance. The Group COO's responsibilities include being a strategic partner to the Group, the BUs and Division iptiQ in all operational matters, overseeing the digital, tech & data strategyand providing a high-quality, cost-effective and differentiating operating platform for the whole Group.
Group Chief Risk Officer
The Group CRO is responsible for providing the Board and Group EC with independent assurance that all of Swiss Re’s risks are being appropriately modelled, governed and managed and that adequate controls are in place. As part of executing these responsibilities, the Group CRO is charged with establishing the Group’s Risk Management Framework for all risk categories, including but not limited to financial, insurance and operational risk (the latter comprising reporting risks, legal and compliance risks and other operational risks).
Group Chief Underwriting Officer
The Group CUO is responsible for providing oversight over costing accuracy, underwriting quality and the underwriting performance across all lines of Swiss Re business. In particular, the Group CUO leverages SRI R&D and costing modelling capabilities to monitor relevant UW trends/market shifts, identify strategic implications and consequently proposes capital allocation and sets UW capacity to the most attractive risk pools and portfolios. The Group CUO regularly monitors UW portfolio developments and oversees the portfolio owners, ensuring a solid framework of UW education is in place.
Group Chief Human Resources Officer
The Group CHRO is responsible for the HR function Group-wide. This includes defining and overseeing the implementation of a people strategy that delivers the appropriate culture and human resources to support the Group Strategy. The Group CHRO is also responsible for setting standards and overseeing key people related processes and partnering with/advising the Group CEO, Group EC and the Board on all People and other HR related matters.
Group Chief Legal Officer
The Group CLO is responsible for the Legal and Compliance functions Group-wide with a focus on managing and mitigating legal and compliance risks for the Group in conjunction with the GFs, BUs and Division iptiQ. He or she defines and implements a legal and compliance strategy in support of the Group Strategy. The Group CLO serves in a dual function as a strategic business partner in an enabling capacity as well as in the role of a controller in an oversight and governance capacity.
The Regional Presidents for the areas Americas, Asia and EMEA are responsible for representing the Group externally and internally, as well as enhancing the Swiss Re brand and safeguarding the Group’s reputation in the geographies for which they are responsible. The Regional Presidents also assume responsibility for oversight of the Group’s operating platform, coordinate activities and assist in the resolution of differences across the BUs and Division iptiQ in their regions.
The BU Chief Executive Officers
The BU CEOs are responsible for the management and performance of the respective BU over the entire value chain of its business. The BU CEOs set the business and corporate agenda of the respective BU, ensuring high-quality, performance-oriented and timely decision-making. They oversee the implementation of the strategy of the respective BU and ensure the BU MTs fulfil their responsibilities.