Swiss Re Ltd. (SSREY.PK) Friday said its Board of Directors would propose the election of Mary Francis as a new independent member of the Board of Directors for a three-year term of office at the company's upcoming Annual General Meeting on April 10.
Mary Francis has extensive experience in government and business at an international level. According to the insurer, as a former Director General of the Association of British Insurers, she will add a deep understanding of the insurance industry to Swiss Re's Board of Directors. She is currently Senior Independent Director of Centrica Plc and a senior advisor to Chatham House.
The Board proposes the re-election of Walter Kielholz, Malcolm Knight, Carlos Represas and Jean-Pierre Roth, each for a three-year term of office.
The Board will also propose an ordinary dividend of 3.50 Swiss francs per share and an additional special dividend of 4.00 francs per share.
The firm also publishes today its 2012 Annual Report "Working together, achieving the best" and its Economic Value Management 2012 report.
In 2012, the company generated a Group Economic Value Management or EVM income of $5.2 billion, compared to $0.8 billion in 2011.
As of December 31, 2012, Economic net worth or ENW increased to $33.9 billion from $29.0 billion at the end of December 2011.
For comments and feedback: editorial@rttnews.com