Jacques Aigrain has resigned from his post as chief executive officer of Swiss Reinsurance Company Ltd.
Stefan Lippe, 53, who has been the deputy CEO and chief operating officer at Swiss Re, Zurich, is now the company’s CEO, Swiss Re says.
Peter Forstmoser, continues to be chairman of the Swiss Re board.
Aigrain, 55, has been CEO of Swiss Re since 2005.
“Having taken measures to reinforce the group’s capital strength and further de-risk its investment portfolio, the interests of Swiss Re are now best served by a change in executive leadership,” Aigrain says in a statement distributed by Swiss Re. “Stefan Lippe has been the architect of Swiss Re’s focus on disciplined, quality underwriting in the reinsurance business. I am proud to have had him by my side as a trusted colleague and wish him and the team the greatest of success for Swiss Re to shine anew.”