Key responsibilities of the Group Executive Committee

Under the leadership of the Group CEO, the Group Executive Committee (Group EC) has management responsibility for matters concerning Swiss Re Ltd as a legal entity. Additionally, the Group EC has management and functional responsibility for the Swiss Re Group's matters. In particular, the Group EC focuses on (the control of) the implementation of the Group's strategy, as promulgated and approved by the Board. The Group EC has the authorities and responsibilities set forth in the Bylaws addressing Group strategy, comprising strategic and financial targets for the BUs/Divisions; decisions on Group-wide steering and control; allocation of capital and resources to business opportunities; asset and liability management, treasury, Group funding and capital management; finance and risk management, governance, compliance, legal and regulatory affairs; functional issues such as HR, talent management as well as reputational issues and brand.