John Coomber will retire as chief executive of Swiss Re at year's end and be replaced by deputy CEO Jacques Aigrain, the company's board of directors announced Thursday.
The handover in management is being done as part of an organizational restructuring at Swiss Re, the company said in a news release.
"Under John Coomber's leadership Swiss Re strongly improved its results, strengthened its balance sheet and reset its strategic focus," Board Chairman Peter Forstmoser said.
"As we change over to our new organizational structure, our long-term management plan now allows a smooth transition at...
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