Swiss Re CEO quits following Buffett deal
Shares rise as deputy chief takes over top position
LONDON (MarketWatch) -- Troubled reinsurance group Swiss Re said Thursday that its CEO Jacques Aigrain has resigned following the group's recent capital injection from Warren Buffett's Berkshire Hathaway. Aigrain has been replaced by deputy CEO and Chief Operating Officer Stefan Lippe with immediate effect, the firm said.
"Having taken measures to reinforce the group's capital strength and further de-risk its investment portfolio, the interests of Swiss Re (CH:RUKN: news , chart , profile ) are now best served by a change in executive leadership," Aigrain said in a statement.
Friday, February 27, 2009
Swiss Re CEO quits following Buffett deal
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