EQS-News

Swiss Re shareholders approved all proposals put forward by the Board of Directors at Swiss Re's Annual General Meeting - Seite 3

Elections to the Board of Directors

As proposed by the Board of Directors, shareholders approved the election of Sergio P. Ermotti as the new Chairman of the Board of Directors for a one-year term of office, following Walter B. Kielholz's decision not to stand for re-election and retire from this position after 12 years of tenure.

Shareholders also re-elected all other proposed members of the Board of Directors as well as the proposed members of the Compensation Committee for a one-year period. In addition, Renato Fassbind was re-appointed as Vice Chairman and as Lead Independent Director at the post-AGM meeting of the Board of Directors.

Approval of the compensation of the Board of Directors and Group Executive Committee

Shareholders approved the maximum aggregate amount of compensation for the members of the Board of Directors for the one-year term until the completion of the AGM 2022 with 87.3% of the votes cast.

Shareholders also approved the aggregate amount of variable short-term compensation for the members of the Group Executive Committee for the 2020 financial year with 88.7% of the votes cast. In addition, shareholders approved the maximum aggregate amount of fixed compensation and variable long-term compensation for the members of the Group Executive Committee for the 2022 financial year with 88.1%.

In a consultative vote, the shareholders approved the 2020 Compensation Report with 74.8% of the votes cast.

Additional voting results and information

Further proposals by the Board of Directors that were approved by today's AGM included:

• The company's Annual Report and the annual and consolidated financial statements for the 2020 financial year.
• The discharge of all members of the Board of Directors for the last financial year.
• The renewal of the authorisation to issue shares under authorised capital for two years up to 16 April 2023 and the corresponding amendments to the Articles of Association.
• The re-election of KPMG Ltd as the Group's auditor for a one-year term of office for the 2022 financial year.
• The re-election of Proxy Voting Services GmbH, Zurich, as the independent proxy for a one-year term of office until completion of the next AGM.

Detailed voting results and minutes of the AGM as well as the speeches by the former and new Chairmen as well as by the Group Chief Executive Officer are available on Swiss Re's website. A replay of today's post-AGM shareholder information event, which took place at 10:00 (CEST), will also be accessible on the website.