Key responsibilities of the Group Executive Committee

Under the leadership of the Group CEO, the Group Executive Committee (Group EC) has management responsibility for matters concerning Swiss Re Ltd as a legal entity. Additionally, the Group EC has management and functional responsibility for the Swiss Re Group's matters. In particular, the Group EC focuses on (the control of) the implementation of the Group's strategy, as promulgated and approved by the Board. The Group EC discharges its responsibilities as a joint body, except for responsibilities delegated on the basis of applicable governance documents, including the Bylaws, to the Group CEO or other individual Group EC members or any subcommittee. The Group EC may further delegate responsibilities to individual Group EC members, Group EC subcommittees or other sub-groups.