Swiss Re remains “fully committed” to its 2011-15 financial targets after three years of strong performance, Group CEO Michel Liès says.

He told the annual investors’ day in London there are three keys to the group’s success: underwriting excellence, research and development and capital strength.

“Despite the competitive environment, our group strategy remains unchanged,” Mr Liès said.

“It is our aim to maintain… a strict focus on risk selection and portfolio management in property and casualty, while growing in life and health.”

Group CFO David Cole says Swiss Re is confident of meeting its group return-on-equity target of 10-12% by next year.

Meanwhile, the group’s commercial insurance arm, Corporate Solutions, says it is on track to meet its target of $US4-5 billion ($4.2-5.3 billion) in premiums by next year.

It has identified 13 high-growth markets, including China, and last week announced the acquisition of Sun Alliance Insurance (China) – currently a subsidiary of RSA Insurance Group.

The takeover is subject to approval from the China Insurance Regulatory Commission.