Morten Hübbe and George Quinn join Swiss Re’s Board

Swiss Re’s shareholders approved all motions put forward by the Board of Directors at its Annual General Meeting (AGM) 2025, including the election of Morten Hübbe and George Quinn as new Board members and the distribution of an ordinary dividend of USD 7.35 per share.

Hübbe and Quinn were nominated for election as new, non-executive and independent members of Swiss Re’s Board for a one-year term back in March, ahead of this year’s AGM.

Shareholders approved these nominations alongside with the re-election of all current members for a one-year term in office, including Jacques de Vaucleroy as both a Board member and Chairman.

The re-election of Deanna Ong, Jay Ralph, and Joerg Reinhardt along with the election of Morten Hübbe as a new member to the Compensation Committee were also approved.

Reflecting its strong capital position and capital management priorities, Swiss Re’s shareholders also approved an ordinary dividend of USD 7.35 per share for the 2024 financial year with a significant majority of 98.7% of the votes cast.

The dividend, which will be converted into Swiss francs, will be paid out of voluntary profit reserves and distributed beginning 17 April 2025.

From 15 April 2025, Swiss Re shares will be traded ex-dividend, the reinsurer noted.

Swiss Re’s Chairman Jacques de Vaucleroy said: “I would like to thank shareholders for their ongoing support and trust in the Board of Directors. We continue to work with the management team on further enhancing Swiss Re’s resilience, optimizing profitability, and maximising shareholder returns.”

During its AGM, several other proposals were approved, including the Annual Report (incorporating the Management Report) and the 2024 annual and consolidated financial statements, as well as the Compensation and Sustainability Reports (both consultative votes).

Additionally, the AGM granted discharge to the Board members, re-elected the Independent Proxy and the Auditor, approved the compensation for both the Board and the Group Executive Committee, and extended the capital band for another two years.

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