GENEVA: Swiss Re said on Tuesday group Chief Executive Michel Lies would retire and be replaced by the head of its reinsurance business on July 1, as it posted a 31 percent rise in 2015 net income.
In full-year results, Zurich-based Swiss Re said net profit for 2015 was $4.6 billion, compared with the average estimate of $4.57 billion in a Reuters poll of 11 analysts. Swiss Re posted a $938 profit for the fourth quarter.
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