Swiss Re's Board of Directors is proposing to elect its interim chair Jacques de Vaucleroy to the role at its annual general meeting next April. 

The board launched a succession process after Sergio P. Ermotti resigned as chair in April this year.  

Swiss Re says it undertook an extensive identification and rigorous selection process involving several external candidates ensued before landing on Mr de Vaucleroy. 

"From the selection process, which involved several external candidates, Jacques emerged as the Board's preferred successor. I am convinced that his in-depth knowledge, his outstanding experience in the industry and his thorough acquaintance with Swiss Re will be of great value," Board of Directors Lead Independent Director Joerg Reinhardt said. 

Mr de Vaucleroy says he feels honoured by this nomination. 

“Swiss Re will continue to be fully determined to execute its strategy and achieve its financial targets. The company's excellent client franchise, the very strong capital position and our simplified, nimbler organisation enable us to bring the best of our firm to clients, investors, and employees." 

Mr de Vaucleroy has more than 30 years' experience in the insurance industry and was elected to the Board of Directors of Swiss Re in 2017. He chairs the Compensation Committee and the Governance and Nomination Committee. He is also Chairman of the Board of Directors of Swiss Re Europe S.A. and Swiss Re International SE. 

He was a member of the Management Committee of Axa Group from 2010 to 2016, serving as Chief Executive Officer for North, Central and Eastern Europe and Chief Executive Officer of Global Life&Savings.