WASHINGTON (dpa-AFX) - Swiss Re Ltd. (SSREY.PK) reported a net income of
$1.1 billion or $3.76 per share for the first quarter of 2024. Insurance revenue
for the latest-quarter was $11.7 billion.

As the company reported under IFRS for the first time, the result is not
comparable to the 2023, Swiss Re said in a statement.

Swiss Re's Group Chief Executive Officer Christian Mumenthaler said that the
strong earnings in the first quarter have given the company a positive start to
the year as it continues to focus on 2024 targets, including a net income of
more than $3.6 billion.

Swiss Re said it plans to withdraw from the iptiQ business and will consider
options for the different entities in a manner and timeframe that maximises
value for the Group.

In a separate press release, Swiss Re said that Ivan Gonzalez, CEO Reinsurance
China, has been appointed CEO Corporate Solutions, succeeding Andreas Berger as
of 1 July 2024. He will join the Group Executive Committee at the same time.

Ivan Gonzalez is currently the CEO Reinsurance China and China Country
President, responsible for both Property & Casualty and Life & Health businesses
in the country. Before that, he led the Corporate Solutions Business Unit in the
Americas, managing North America from 2017 until 2021, and Latin America from
2011 until 2016.

Moses Ojeisekhoba, CEO Global Clients and Solutions, will step down from his
position on 31 August 2024 and pursue opportunities outside of Swiss Re.

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