Mathias Weber, the Group Chief Underwriting Officer of global reinsurance firm Swiss Re, is stepping down from his role and the company is replacing him by promoting Edouard Schmid to the role.
Weber has been with Swiss Re for 25 years and took the role of Chief Underwriting Officer since April 2012. He will step down from the role “to begin a new chapter in his life” as of the 30th June 2017, according to the company.
Swiss Re Chairman Walter B. Kielholz said; “We very much regret Matthias Weber’s decision but we respect his desire to focus on his family after such a successful career. We will miss his experience and guidance as a member of the Group Executive Committee, but look forward to continuing our relationship in whatever form suits him. Over his long and successful career, Matthias Weber has been a champion of Swiss Re strengths: disciplined underwriting and a focus on the long-term. We wish him all the best for the future.”
Edouard Schmid, currently the Head of Property & Specialty Reinsurance, has been with Swiss Re since 1991 and will replace Weber on his departure.
Walter B. Kielholz commented on the promotion; “Once again, due to our strong talent pipeline, we are able to fill the role with an internal candidate. Edouard Schmid, who has shown equal skill and dedication to our organisation will take over as Group Chief Underwriting Officer on 1 July 2017. He has broad underwriting experience across various lines of business, in varied markets and in both Reinsurance and Corporate Solutions. This exceptional track record makes him the ideal candidate to step into Matthias Weber’s shoes.”
