FANews
FANews
RELATED CATEGORIES

Swiss Re completes public share buy-back programme 2017

19 February 2018 Swiss Re

• 2017 share buy-back programme completed as of 16 February 2018 • Programme was launched as a way to return excess capital to shareholders

Swiss Re announces that it has completed the 2017 public share buy-back programme of up to CHF 1.0 billion purchase value, authorised by the Annual General Meeting on 21 April 2017 and which it launched on 3 November 2017.

Since 3 November 2017, Swiss Re has repurchased 10 832 816 of its shares for a total purchase value of CHF 999 999 975.78 at an average purchase price of CHF 92.31 per share.

The public share buy-back programme was established to achieve the objective of returning capital to shareholders, in accordance with Swiss Re's capital management priorities.

Information about the completed buy-back programme is available under the following link:
http://www.swissre.com/investors/shares/share_buyback/

 

Quick Polls

QUESTION

How confident are you that insurers treat policyholders fairly, according to the Treating Customers Fairly (TCF) principles?

ANSWER

Very confident, insurers prioritise fair treatment
Somewhat confident, but improvements are needed
Not confident, there are significant issues with fair treatment
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now