Swiss Re announced today CEO John Coomber will retire at the end of year and be replaced by his deputy, Jacques Aigrain.[@@]
Coomber assumed the CEO post in 2003 and helped lead the company back to profitability.
Aigrain, 51, has banking experience at J.P. Morgan. In 2001, he was put in charge of Swiss Re’s Financial Services Business Group and last year was named deputy CEO.
The Zurich-based company is the world’s largest health and life reinsurer and the second largest property-casualty reinsurer.