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Swiss Re CFO to step down

Swiss Re AG CFO David Cole will step down in March 2018, as the company combines the group chief strategy officer and CFO roles, effective April 1, 2018.

John Dacey, who has been group chief strategy officer of Swiss Re since he joined the company five years ago, will hold the combined role.

Cole, who will officially leave his position March 31, 2018, after seven years with the company, will pursue a nonexecutive career and will remain a board member at several Swiss Re subsidiaries.

Swiss Re's executive committee will comprise 12 members from April 1, 2018.

Meanwhile, Swiss Re's board of directors proposed to elect Karen Gavan, Eileen Rominger and Larry Zimpleman as nonexecutive and independent members of the board at the firm's annual general meeting on April 20, 2018.

Rajna Brandon has decided to step down from the company's board of directors, while current board members Mary Francis and Carl Robert Henrikson are due to retire at the next AGM.