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| type = ''[[Aktiengesellschaft]]'' |
| type = ''[[Aktiengesellschaft]]'' |
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| traded_as = {{unbulleted list|{{SWX|SREN}}|[[Swiss Market Index]] component}} |
| traded_as = {{unbulleted list|{{SWX|SREN}}|[[Swiss Market Index]] component}} |
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| key_people = {{ubl|[[ |
| key_people = {{ubl|[[Andreas Berger]] (Group [[Chief executive officer|CEO]])|Jacques de Vaucleroy ([[Chairperson|Chairman]])}} |
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| industry = Insurance services |
| industry = Insurance services |
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| products = [[Reinsurance]], [[insurance]], [[investment management|asset management]] |
| products = [[Reinsurance]], [[insurance]], [[investment management|asset management]] |
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| revenue = {{increase}} US$49.954 billion (2023)<ref name="FR2023" /> |
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| ⚫ |
| |
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| net_income = US$ |
| net_income = {{increase}} US$3.214 billion (2023)<ref name="FR2023" /> |
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| assets = US$ |
| assets = {{increase}} US$179.576 billion (end 2023)<ref name="FR2023" /> |
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| equity = US$ |
| equity = {{increase}} US$16.371 billion (end 2023)<ref name="FR2023" /> |
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| num_employees = 14,408 (end 2022)<ref name="AR2022">{{Cite web|url=https://reports.swissre.com/2022/|title=Annual Report 2022|website=www.swissre.com}}</ref> |
| num_employees = 14,408 (end 2022)<ref name="AR2022">{{Cite web|url=https://reports.swissre.com/2022/|title=Annual Report 2022|website=www.swissre.com}}</ref> |
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| predecessor = Schweizerische Rückversicherungs-Gesellschaft |
| predecessor = Schweizerische Rückversicherungs-Gesellschaft |
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| foundation = {{Start date and age|1863|12|19|df=yes}} |
| foundation = {{Start date and age|1863|12|19|df=yes}} |
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| location = [[ |
| location = [[Zürich]], Switzerland |
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| website = {{url|https://www.swissre.com}} |
| website = {{url|https://www.swissre.com}} |
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| ⚫ | | footnotes = <ref name="FR2022">{{Cite web|url=https://www.swissre.com/dam/jcr:ec822a14-a4d7-4b6b-b0e2-49ae6036058c/2022-financial-report-doc-en.pdf|title=Financial Report 2022|website=www.swissre.com}}</ref><ref name="FR2023">{{Cite web|url=https://www.swissre.com/dam/jcr:044d1a46-ed3a-4089-a909-bd95af4f9b7b/2023-financial-report-en.pdf|title=Financial Report 2023|website=www.swissre.com}}</ref> |
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}} |
}} |
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'''Swiss Re Ltd''' is a Swiss [[reinsurance]] company founded in 1863 and headquartered in [[ |
'''Swiss Re Ltd''' is a Swiss [[reinsurance]] company founded in 1863 and headquartered in [[Zürich]], Switzerland. It is one of the world's largest reinsurers, as measured by gross premiums written.<ref>{{Cite web |title=Top 50 World's Largest Reinsurance Groups – 2021 Edition |url=https://news.ambest.com/articlecontent.aspx?refnum=311820&altsrc=178 |access-date=2023-12-21 |website=news.ambest.com}}</ref> Swiss Re operates through around 80 offices in 29 countries and employs over 14,000 people. It was ranked 519th on the [[Forbes]] Global 2000 list<ref>{{Cite web |title=Swiss Re {{!}} Company Overview & News |url=https://www.forbes.com/companies/swiss-re/ |access-date=2023-12-21 |website=Forbes |language=en}}</ref> and ranked 316th on the [[Fortune Global 500|''Fortune'' Global 500]] in 2023.<ref>{{Cite web |title=Swiss Re {{!}} 2023 Fortune Global 500 |url=https://fortune.com/company/swiss-re/global500/ |access-date=2023-12-21 |website=Fortune |language=en}}</ref> Swiss Re is listed on the [[SIX Swiss Exchange]]. |
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==History== |
==History== |
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On 10–11 May 1861, more than 500 houses went up in flames in the town of [[Glarus]], Switzerland. Two-thirds of the town was reduced to rubble and ashes and around 3,000 inhabitants were made homeless. The damage to Glarus exceeded the reserves of the cantonal fire insurance, which had underinsured many cantonal buildings: the resulting loss was covered by donations, as well as a bond |
On 10–11 May 1861, more than 500 houses went up in flames in the town of [[Glarus]], Switzerland. Two-thirds of the town was reduced to rubble and ashes and around 3,000 inhabitants were made homeless. The damage to Glarus exceeded the reserves of the cantonal fire insurance, which had underinsured many cantonal buildings: the resulting loss was covered by donations, as well as a bond issue by the cantonal government. Similarly to the [[Great fire of Hamburg|fire of Hamburg]] in 1842, which led to the foundation of the first professional reinsurers in Germany, the fire of Glarus made Swiss insurers demand more [[reinsurance]] coverage against catastrophic loss. As a result, Swiss Re was founded in Zürich as the first Swiss reinsurance company in 1863.<ref>{{cite web |url=http://www.swissre.com/pws/about%20us/corporate%20history/spotlights%20on%20history/glarus%20is%20burning.html |title= Swiss Re - Your expert in capital and risk management|website=www.swissre.com |archive-url=https://web.archive.org/web/20080906174015/http://www.swissre.com/pws/about%20us/corporate%20history/spotlights%20on%20history/glarus%20is%20burning.html |archive-date=6 September 2008}}</ref><ref>{{cite web |url=https://history.swissre.com/item_detail.php?id=10&cat=2f4eb7&comefrom=timeline | title= Glarus: losses and insurance issues |website=Kaleidoscope of Insurance History |archive-url= |
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https://web.archive.org/web/20230601013409/https://history.swissre.com/item_detail.php?id=10&cat=2f4eb7&comefrom=timeline |archive-date=1 June 2023 |url-status=live}}</ref><ref>{{cite web |url=https://history.swissre.com/item_detail.php?id=3&cat=627d77&comefrom=timeline | title= Swiss Re sees the light of day |website=Kaleidoscope of Insurance History |archive-url= |
https://web.archive.org/web/20230601013409/https://history.swissre.com/item_detail.php?id=10&cat=2f4eb7&comefrom=timeline |archive-date=1 June 2023 |url-status=live}}</ref><ref>{{cite web |url=https://history.swissre.com/item_detail.php?id=3&cat=627d77&comefrom=timeline | title= Swiss Re sees the light of day |website=Kaleidoscope of Insurance History |archive-url= |
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https://web.archive.org/web/20230601031425/https://history.swissre.com/item_detail.php?id=3&cat=627d77&comefrom=timeline |archive-date=1 June 2023 |url-status=live}}</ref> |
https://web.archive.org/web/20230601031425/https://history.swissre.com/item_detail.php?id=3&cat=627d77&comefrom=timeline |archive-date=1 June 2023 |url-status=live}}</ref> |
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Swiss Re was a lead insurer of the [[World Trade Center (1973–2001)|World Trade Center]] at the time of the [[September 11 attacks]], which led to an insurance dispute with the owner, [[Silverstein Properties#Insurance dispute|Silverstein Properties]]. In October 2006, the New York appeals court ruled in favor of Swiss Re, stating that the destruction of the twin towers was a single event rather than two, limiting coverage to $3.5 billion.<ref>{{Cite web |title=Swiss Re wins World Trade Center case |url=https://www.swissinfo.ch/eng/swiss-re-wins-world-trade-center-case/5510012 |access-date=2019-12-20 |website=SWI swissinfo.ch |date=19 October 2006 |language=en}}</ref> |
Swiss Re was a lead insurer of the [[World Trade Center (1973–2001)|World Trade Center]] at the time of the [[September 11 attacks]], which led to an insurance dispute with the owner, [[Silverstein Properties#Insurance dispute|Silverstein Properties]]. In October 2006, the New York appeals court ruled in favor of Swiss Re, stating that the destruction of the twin towers was a single event rather than two, limiting coverage to $3.5 billion.<ref>{{Cite web |title=Swiss Re wins World Trade Center case |url=https://www.swissinfo.ch/eng/swiss-re-wins-world-trade-center-case/5510012 |access-date=2019-12-20 |website=SWI swissinfo.ch |date=19 October 2006 |language=en}}</ref> |
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Swiss Re acquired the GE Insurance Solutions property/casualty business in 2006, which made it the world's largest reinsurer.<ref>{{Cite news |last=Ligi |first=Antonio |date=12 June 2006 |title=Swiss Re Completes $7.4 Billion GE Insurance Purchase (Update2) |publisher=[[Bloomberg L.P.|Bloomberg.com]] |url=https://www.bloomberg.com/apps/news?pid=71000001&refer=germany&sid=ataIbxBYbJI8 |access-date=27 June 2006}}</ref> |
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In 2009 [[Warren Buffett]] invested $2.6 billion |
In 2009 [[Warren Buffett]] invested $2.6 billion when Swiss Re raised more equity capital after it lost 6 billion francs in its financial market operations in the [[Global Financial Crisis]].<ref>{{Cite journal |first=David | last=Jolly |date=February 5, 2009 |title=Swiss Re Gets $2.6 Billion From Berkshire Hathaway |url=https://www.nytimes.com/2009/02/06/business/worldbusiness/06swiss.html?ref=business |journal=The New York Times}}</ref> Berkshire Hathaway already owns a 3% stake, with rights to own more than 20%.<ref>{{Cite journal |last=Haig Simonian, Francesco Guerrera |date=February 5, 2009 |title=Swiss Re turns to Buffett for new funding |url=http://www.ft.com/cms/s/0/8099d660-f354-11dd-9c4b-0000779fd2ac.html |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/cms/s/0/8099d660-f354-11dd-9c4b-0000779fd2ac.html |archive-date=10 December 2022 |url-access=subscription |url-status=live |journal=The Financial Times}}</ref> |
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In May 2016, the [[2016 Fort McMurray wildfire|Fort McMurray Canadian wildfires]] caused estimated damages of up to [[Canadian dollar|CAD]]10 billion, with Swiss Re having the most exposure among reinsurers.<ref>W. Duggan (2016). [http://www.benzinga.com/analyst-ratings/analyst-color/16/05/7965936/bernsteins-fort-mcmurray-insurance-assessment "Bernstein's Fort McMurray Insurance Assessment"]. Benzinga Ratings. Retrieved 13 May 2016.</ref> |
In May 2016, the [[2016 Fort McMurray wildfire|Fort McMurray Canadian wildfires]] caused estimated damages of up to [[Canadian dollar|CAD]]10 billion, with Swiss Re having the most exposure among reinsurers.<ref>W. Duggan (2016). [http://www.benzinga.com/analyst-ratings/analyst-color/16/05/7965936/bernsteins-fort-mcmurray-insurance-assessment "Bernstein's Fort McMurray Insurance Assessment"]. Benzinga Ratings. Retrieved 13 May 2016.</ref> |
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Swiss Re's Admin Re subsidiary began with the acquisition on 1 July 2004 of Life Assurance Holding Corporation in the UK.<ref>{{Cite web |url=https://www.swissre.com/dam/jcr:aa18088b-f9b9-49f2-b0b8-8bcb0901c514/pr_20040701_en.pdf |title=Archived copy |access-date=28 July 2020 |archive-date=28 July 2020 |archive-url=https://web.archive.org/web/20200728174421/https://www.swissre.com/dam/jcr:aa18088b-f9b9-49f2-b0b8-8bcb0901c514/pr_20040701_en.pdf |url-status=dead }}</ref> On 31 October 2008, Swiss Re completed a £762 million acquisition of Barclays PLC's subsidiary Barclays Life Assurance Company Ltd.<ref>{{cite web |url=http://www.swissre.com/pws/media%20centre/news/news%20releases%202008/pr_barclays_20081031.html |title=Swiss Re completes GBP 762 million acquisition of Barclays Life Assurance Company Ltd |date=31 October 2008 |website=Swiss Re |archive-url=https://web.archive.org/web/20090204165316/http://www.swissre.com/pws/media%20centre/news/news%20releases%202008/pr_barclays_20081031.html |archive-date=4 February 2009 | url-status=dead}}</ref> In June 2014, the company, through Admin Re, acquired the UK pensions business of [[HSBC]] Life (UK) Limited worth £4.2 billion.<ref name="SwissReHSBC">{{Cite news |title=Swiss Re unit acquiring UK pension business of HSBC Life |publisher=London Mercury |url=http://www.londonmercury.com/index.php/sid/222816607/scat/0f440bf3fff89f01/ht/Swiss-Re-unit-acquiring-UK-pension-business-of-HSBC-Life |access-date=12 June 2014}}</ref> The Admin Re business, which was renamed ReAssure, was eventually sold to Phoenix Group Holdings for £3.2bn in July 2020.<ref>{{Cite web|url=https://www.reinsurancene.ws/swiss-re-completes-sale-of-reassure-to-phoenix-group/|title=Swiss Re completes sale of ReAssure to Phoenix Group - Reinsurance News|date=23 July 2020|website=ReinsuranceNe.ws}}</ref> |
Swiss Re's Admin Re subsidiary began with the acquisition on 1 July 2004 of Life Assurance Holding Corporation in the UK.<ref>{{Cite web |url=https://www.swissre.com/dam/jcr:aa18088b-f9b9-49f2-b0b8-8bcb0901c514/pr_20040701_en.pdf |title=Archived copy |access-date=28 July 2020 |archive-date=28 July 2020 |archive-url=https://web.archive.org/web/20200728174421/https://www.swissre.com/dam/jcr:aa18088b-f9b9-49f2-b0b8-8bcb0901c514/pr_20040701_en.pdf |url-status=dead }}</ref> On 31 October 2008, Swiss Re completed a £762 million acquisition of Barclays PLC's subsidiary Barclays Life Assurance Company Ltd.<ref>{{cite web |url=http://www.swissre.com/pws/media%20centre/news/news%20releases%202008/pr_barclays_20081031.html |title=Swiss Re completes GBP 762 million acquisition of Barclays Life Assurance Company Ltd |date=31 October 2008 |website=Swiss Re |archive-url=https://web.archive.org/web/20090204165316/http://www.swissre.com/pws/media%20centre/news/news%20releases%202008/pr_barclays_20081031.html |archive-date=4 February 2009 | url-status=dead}}</ref> In June 2014, the company, through Admin Re, acquired the UK pensions business of [[HSBC]] Life (UK) Limited worth £4.2 billion.<ref name="SwissReHSBC">{{Cite news |title=Swiss Re unit acquiring UK pension business of HSBC Life |publisher=London Mercury |url=http://www.londonmercury.com/index.php/sid/222816607/scat/0f440bf3fff89f01/ht/Swiss-Re-unit-acquiring-UK-pension-business-of-HSBC-Life |access-date=12 June 2014}}</ref> The Admin Re business, which was renamed ReAssure, was eventually sold to Phoenix Group Holdings for £3.2bn in July 2020.<ref>{{Cite web|url=https://www.reinsurancene.ws/swiss-re-completes-sale-of-reassure-to-phoenix-group/|title=Swiss Re completes sale of ReAssure to Phoenix Group - Reinsurance News|date=23 July 2020|website=ReinsuranceNe.ws}}</ref> |
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In February 2022, it was announced Swiss Re had acquired Champlain Reinsurance Company (Champlain Re), a Swiss-based run-off reinsurance captive of Alcan Holdings Switzerland AG, a member of [[Rio Tinto Alcan]], in a legacy transaction.<ref>{{Cite web|date=2022-02-18|title=Swiss Re acquires Champlain Re in legacy deal - Reinsurance News|url=https://www.reinsurancene.ws/swiss-re-acquires-champlain-re/|access-date=2022-02-18|website=ReinsuranceNe.ws|language=en}}</ref> Later that month, Swiss Re declared a net profit of US$1.6 billion, in a bounce back from previous losses in 2020. Still, the exposure to [[COVID-19]] in America was excessive; together with increased damages from natural catastrophes, profits were well below the US$1.8 billion estimate. Swiss Re was able to make up for some of its losses due to its increased property business. At the same time, the board of directors assured investors that the company is only minimally exposed to losses during the [[Prelude to the 2022 Russian invasion of Ukraine|Ukraine crisis]].<ref>[https://www.swissinfo.ch/eng/business/swiss-re-takes--4-billion-hit-from-covid-and-natural-disasters/47387674 "Swiss Re takes $4 billion hit from Covid and natural disasters"] ''swissinfo.ch''. Retrieved 28 February 2022.</ref> |
In February 2022, it was announced that Swiss Re had acquired Champlain Reinsurance Company (Champlain Re), a Swiss-based run-off reinsurance captive of Alcan Holdings Switzerland AG, a member of [[Rio Tinto Alcan]], in a legacy transaction.<ref>{{Cite web|date=2022-02-18|title=Swiss Re acquires Champlain Re in legacy deal - Reinsurance News|url=https://www.reinsurancene.ws/swiss-re-acquires-champlain-re/|access-date=2022-02-18|website=ReinsuranceNe.ws|language=en}}</ref> Later that month, Swiss Re declared a net profit of US$1.6 billion, in a bounce back from previous losses in 2020. Still, the exposure to [[COVID-19]] in America was excessive; together with increased damages from natural catastrophes, profits were well below the US$1.8 billion estimate. Swiss Re was able to make up for some of its losses due to its increased property business. At the same time, the board of directors assured investors that the company is only minimally exposed to losses during the [[Prelude to the 2022 Russian invasion of Ukraine|Ukraine crisis]].<ref>[https://www.swissinfo.ch/eng/business/swiss-re-takes--4-billion-hit-from-covid-and-natural-disasters/47387674 "Swiss Re takes $4 billion hit from Covid and natural disasters"] ''swissinfo.ch''. Retrieved 28 February 2022.</ref> |
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In December 2023, Swiss Re announced it had acquired research-led flood risk intelligence firm Fathom, which would retain its brand while working closely with the Reinsurance Solutions division to further develop and distribute its flood maps and models.<ref>{{Cite web |last=Gallin |first=Luke |date=2023-12-14 |title=Swiss Re acquires flood risk modeller Fathom - Reinsurance News |url=https://www.reinsurancene.ws/swiss-re-acquires-flood-risk-modeller-fathom/ |access-date=2024-06-13 |website=ReinsuranceNe.ws |language=en}}</ref> |
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==Business structure== |
==Business structure== |
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==Leadership== |
==Leadership== |
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Swiss Re's leadership consists of the Board of Directors and the Group Executive Committee.<ref>{{Cite web|url=https://www.swissre.com/about-us/our-leadership.html|title=Our leadership | Swiss Re|website=www.swissre.com}}</ref> |
Swiss Re's leadership consists of the Board of Directors and the Group Executive Committee.<ref>{{Cite web|url=https://www.swissre.com/about-us/our-leadership.html|title=Our leadership | Swiss Re|website=www.swissre.com}}</ref> |
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In April 2024, Swiss Re appointed Andreas Berger as Group CEO, effective 1 July 2024 replacing [[Christian Mumenthaler]] who has been Group CEO since 2016.<ref>{{Cite news |last=Kienle |first=Nina |title=Swiss Re Appoints Andreas Berger as Group Chief Executive |url=https://www.wsj.com/business/retail/swiss-re-appoints-andreas-berger-as-group-chief-executive-01437f51 |access-date=2024-04-03 |work=WSJ |language=en-US}}</ref> |
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== Offices == |
== Offices == |
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=== Zürich headquarters === |
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Swiss Re is headquartered in Mythenquai, |
Swiss Re is headquartered in Mythenquai, Zürich. Six buildings form Campus Mythenquai, with its historic headquarters being in the Altbau which was built in 1913. The majority of Swiss Re's headquarters staff are located in the adjacent Swiss Re Next building. |
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===London office=== |
===London office=== |
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{{Portal|Switzerland|Companies}} |
{{Portal|Switzerland|Companies}} |
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*[[Geneva Association]] |
*[[Geneva Association]] |
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*[[European Financial Services Roundtable]] |
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*[[Institute of International Finance]] |
*[[Institute of International Finance]] |
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*[[World Economic Forum]] |
*[[World Economic Forum]] |
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{{DEFAULTSORT:Swiss Re}} |
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[[Category:Insurance companies of Switzerland]] |
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[[Category:Swiss brands]] |
[[Category:Swiss brands]] |
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[[Category:Companies listed on the SIX Swiss Exchange]] |
[[Category:Companies listed on the SIX Swiss Exchange]] |
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[[Category:Companies in the Swiss Market Index]] |
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[[Category:Companies in the S&P Europe 350 Dividend Aristocrats]] |
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Headquarters at Mythenquai
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| Swiss Re | |
| Company type | Aktiengesellschaft |
|
| |
| ISIN | CH0126881561  |
| Industry | Insurance services |
| Predecessor | Schweizerische Rückversicherungs-Gesellschaft |
| Founded | 19 December 1863; 160 years ago (1863-12-19) |
| Headquarters | Zürich, Switzerland |
Key people |
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| Products | Reinsurance, insurance, asset management |
| Revenue |  US$49.954 billion (2023)[1] |
| US$3.214 billion (2023)[1] | |
| Total assets | US$179.576 billion (end 2023)[1] |
| Total equity | US$16.371 billion (end 2023)[1] |
Number of employees | 14,408 (end 2022)[2] |
| Website | www |
| Footnotes / references [3][1] | |
Swiss Re Ltd is a Swiss reinsurance company founded in 1863 and headquartered in Zürich, Switzerland. It is one of the world's largest reinsurers, as measured by gross premiums written.[4] Swiss Re operates through around 80 offices in 29 countries and employs over 14,000 people. It was ranked 519th on the Forbes Global 2000 list[5] and ranked 316th on the Fortune Global 500 in 2023.[6] Swiss Re is listed on the SIX Swiss Exchange.
On 10–11 May 1861, more than 500 houses went up in flames in the town of Glarus, Switzerland. Two-thirds of the town was reduced to rubble and ashes and around 3,000 inhabitants were made homeless. The damage to Glarus exceeded the reserves of the cantonal fire insurance, which had underinsured many cantonal buildings: the resulting loss was covered by donations, as well as a bond issue by the cantonal government. Similarly to the fire of Hamburg in 1842, which led to the foundation of the first professional reinsurers in Germany, the fire of Glarus made Swiss insurers demand more reinsurance coverage against catastrophic loss. As a result, Swiss Re was founded in Zürich as the first Swiss reinsurance company in 1863.[7][8][9]
Swiss Re was a lead insurer of the World Trade Center at the time of the September 11 attacks, which led to an insurance dispute with the owner, Silverstein Properties. In October 2006, the New York appeals court ruled in favor of Swiss Re, stating that the destruction of the twin towers was a single event rather than two, limiting coverage to $3.5 billion.[10]
Swiss Re acquired the GE Insurance Solutions property/casualty business in 2006, which made it the world's largest reinsurer.[11]
In 2009 Warren Buffett invested $2.6 billion when Swiss Re raised more equity capital after it lost 6 billion francs in its financial market operations in the Global Financial Crisis.[12] Berkshire Hathaway already owns a 3% stake, with rights to own more than 20%.[13]
In May 2016, the Fort McMurray Canadian wildfires caused estimated damages of up to CAD10 billion, with Swiss Re having the most exposure among reinsurers.[14]
Swiss Re's Admin Re subsidiary began with the acquisition on 1 July 2004 of Life Assurance Holding Corporation in the UK.[15] On 31 October 2008, Swiss Re completed a £762 million acquisition of Barclays PLC's subsidiary Barclays Life Assurance Company Ltd.[16] In June 2014, the company, through Admin Re, acquired the UK pensions business of HSBC Life (UK) Limited worth £4.2 billion.[17] The Admin Re business, which was renamed ReAssure, was eventually sold to Phoenix Group Holdings for £3.2bn in July 2020.[18]
In February 2022, it was announced that Swiss Re had acquired Champlain Reinsurance Company (Champlain Re), a Swiss-based run-off reinsurance captive of Alcan Holdings Switzerland AG, a member of Rio Tinto Alcan, in a legacy transaction.[19] Later that month, Swiss Re declared a net profit of US$1.6 billion, in a bounce back from previous losses in 2020. Still, the exposure to COVID-19 in America was excessive; together with increased damages from natural catastrophes, profits were well below the US$1.8 billion estimate. Swiss Re was able to make up for some of its losses due to its increased property business. At the same time, the board of directors assured investors that the company is only minimally exposed to losses during the Ukraine crisis.[20]
In December 2023, Swiss Re announced it had acquired research-led flood risk intelligence firm Fathom, which would retain its brand while working closely with the Reinsurance Solutions division to further develop and distribute its flood maps and models.[21]
Swiss Re Group operates through four business units:[22][23]
Swiss Re's leadership consists of the Board of Directors and the Group Executive Committee.[24]
In April 2024, Swiss Re appointed Andreas Berger as Group CEO, effective 1 July 2024 replacing Christian Mumenthaler who has been Group CEO since 2016.[25]
Swiss Re is headquartered in Mythenquai, Zürich. Six buildings form Campus Mythenquai, with its historic headquarters being in the Altbau which was built in 1913. The majority of Swiss Re's headquarters staff are located in the adjacent Swiss Re Next building.
Its London office is located in the 30 St Mary Axe tower, which opened on 25 May 2004. The landmark London skyscraper, designed by architect Norman Foster and popularly known as "the gherkin", was sold in February 2007 for over £600 million to IVG Immobilien AG of Germany and the Evans Randall property investment firm.[26]
Swiss Re has two offices in New York, its Manhattan office is located in 1301 Avenue of the Americas. The larger of the two offices is located in Armonk and overlooks the Kensico reservoir.
Swiss Re has two Canadian offices, in Toronto and Vancouver; Swiss Reinsurance Company Canada was named one of Greater Toronto's Top Employers by Mediacorp Canada, Inc., in October 2008, as announced by the Toronto Star.[27]
{{cite web}}: CS1 maint: archived copy as title (link)
Swiss Re confirmed on Monday that it had sold the distinctive Gherkin building in the City of London for £600m to a joint venture between German property group IVG Immobilien AG and Evans Randall, the Mayfair based private investment group.
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