Swiss Re
From Wikipedia, the free encyclopedia
| Swiss Re | |
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| Type | Aktiengesellschaft |
|---|---|
| Founded | December 19, 1863 |
| Headquarters | Zurich, Switzerland |
| Industry | Reinsurance |
| Revenue | 35,009,000,000 CHF |
| Net income | 1,451,000,000 CHF |
| Employees | 8000 |
| Website | http://www.swissre.com/ |
Swiss Re is the world’s largest reinsurer, now that it has acquired GE Insurance Solutions (Ligi 2006). Founded in 1863, Swiss Re now operates in more than 30 countries. General Electric owns 8.9% of the firm.
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[edit] History
Swiss Re was founded December 19, 1863 by the Helvetia General Insurance Company in St. Gallen, the Schweizerische Kreditanstalt (Credit Suisse) in Zurich and the Basler Handelsbank in Basle.
[edit] Corporate Philosophy
Swiss Re’s corporate philosophy, as described on their website, is as follows:
[edit] Mission
We enable the risk-taking that is essential to enterprise and progress
[edit] Core Values
- Engagement
through understanding and responding to our stakeholders’ needs.
- Excellence
through expertise, efficiency and sound decision-making in all we do.
- Sustainability
through balance in economic, societal and environmental development.
- Integrity
through uncompromising commitment to transparency and ethical principles.
In the spirit of the core value of Sustainability, it was announced in October of 2003 that Swiss Re would become a carbon neutral business within ten years (Swiss Re 2003).
[edit] Corporate Headquarters
Swiss Re is headquartered in Zurich where the parent company’s main premise has stood on the shores of Lake Zurich since 1864.
[edit] Americas Headquarters
The Americas headquarters of Swiss Re are located in Armonk, New York on a 127-acre (52 hectares) site overlooking Westchester County’s picturesque Kensico Reservoir. The state-of-the-art facility, which houses more than 1,000 employees from the company’s Life & Health and Property & Casualty business units, was completed in 1999 and expanded in 2004.
[edit] London Headquarters
Its new London headquarters are located in the award-winning 30 St Mary Axe tower, which opened on May 25, 2004. 30 St Mary Axe is London's first environmentally sustainable tall building. Among the building's most distinctive features are its windows, which open to allow natural ventilation to supplement the mechanical systems for a good part of the year.
[edit] References
[edit] Works cited
^ Ligi, Antonio (June 12, 2006). Swiss Re Completes $7.4 Billion GE Insurance Purchase (Update2). Bloomberg.com. Retrieved on 2006-06-27.
^ Swiss Re (October 30, 2003). Swiss Re implements ten-year programme to become fully greenhouse neutral: a combination of reducing in-house emissions and cooperating with the World Bank. Press release. Retrieved on 2006-06-27.
