Swiss Re completes public share buyback programme 2019

Re/insurer Swiss Re has completed the 2019 public share buyback programme of up to SFr 1.0 billion ($1 billion) purchase value.

The programme was authorised by Swiss Re's annual general meeting on April 17 2019 and launched on May 6, 2019. Since then, Swiss Re has repurchased 9.9 million of its shares for an average purchase price of SFr 100.93 per share.

Swiss Re said the public share buyback programme was established to return capital to shareholders, in accordance with Swiss Re’s capital management priorities.