Swiss Re
From Wikipedia, the free encyclopedia
| Swiss Re | |
 |
|
| 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.
Contents |
[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 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 Kensico Reservoir. The 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.
Swiss Re also has offices in New York City, Atlanta, Boston, Chicago, San Francisco, Dallas, Fort Wayne, Hartford, and Kansas City.
[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.
The landmark London skyscraper, designed by architect Norman Foster, popularly known as the ‘erotic gherkin’ was confirmed sold on February 5, 2007 for over £600 million (US$1.18 billion) to a group formed of IVG Immobilien AG of Germany and Evans Randall of Mayfair (Financial Times 2007).
[edit] Swiss Re and Carbon Commitment
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] References
[edit] Works cited
^ Swiss Re confirms £600m Gherkin sale. Financial Times (February 5, 2007). Retrieved on February 7, 2007. “Swiss Re confirmed on Monday that it had sold the distinctive Gherkin building in the City of London for £600m to a joint venture between German property group IVG Immobilien AG and Evans Randall, the Mayfair based private investment group.”
^ Swiss Re (January 4, 2007). Swiss Re offers CHF 5 000 rebate to each employee committing to reduce her or his personal carbon footprint. Press release.
^ Ligi, Antonio (June 12, 2006). Swiss Re Completes $7.4 Billion GE Insurance Purchase (Update2). Bloomberg.com. Retrieved on June 27, 2006.
^ 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.
