Swiss Re hosts Investors’ Day in Zurich: The Group provides update on its Life & Health business and its investment portfolio
At today’s Investors’ Day, Swiss Re will give an overview of its Life & Health business. In addition, the company will provide an update on its investments and its financial market exposures in the light of the unprecedented developments in the global financial markets and questions from stakeholders.
Today’s Investors’ Day will focus on Swiss Re’s track record of profitable growth in its global Life & Health business, and how the Group seeks to maintain its market leadership position.
Christian Mumenthaler, Swiss Re’s Head of Life & Health comments: “We are responding to market developments by careful management of our existing business while developing new solutions which will contribute to EPS growth and ROE.
Further, our ability to price and manage Admin Re® business positions us well to deploy capital at attractive returns.”
Separately, at today’s Investors’ Day, Swiss Re will also provide an update on its investments and its financial market exposures.
Swiss Re’s investment portfolio is well diversified and highly rated. The Group has taken steps to reduce its exposure to corporate bonds, equities and structured assets.
David Blumer, Swiss Re’s Head of Financial Markets, comments: “As a result of our continued strong focus on investment quality, Swiss Re’s investment portfolio remains sound despite financial market challenges. Swiss Re’s approach to asset-liability management remains an integral part of how we monitor, actively manage and hedge our financial market risk.”
Swiss Re’s risk management procedures and controls continue to be focused on ensuring the group has a strong balance sheet and a sound capital position.
Jacques Aigrain, Swiss Re’s Chief Executive Officer, states: “In the current market environment, we focus on ensuring the resilience of our investable assets and the underlying quality of our reinsurance business.”
Jacques Aigrain adds: “The difficult market conditions also create new opportunities. The level of natural catastrophes and the volatility in financial markets is likely to accelerate the ending of the soft market for Property and Casualty. Also, we continue to see opportunities to deploy capital at attractive returns in Life & Health, particularly Admin Re®. Swiss Re has the execution capability and financial strength to seize these opportunities.”
The Group maintains its targets of earnings per share growth of 10% and return on equity of 14% over the cycle.
