Swiss Re shuffles finance leadership to refine strategy

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss, has appointed Matthias Grass as new chief financial officer (CFO), succeeding Martin Mueller.

Mueller has been appointed head of global finance transformation for the Swiss Re Group. He served as CFO of Swiss Re Corporate Solutions since November 2017.

In his new role, Grass will be responsible for overseeing Swiss Re Corporate Solutions' finance function, ensuring the business unit achieves its financial targets, and implementing the business unit's strategy.

Grass will assume the role on July 1, 2020 and join the Swiss Re Corporate Solutions Executive Committee. He will relocate from Bratislava to Zurich.

Since joining Swiss Re in 2013, Grass has served as CFO of group operations and CFO for Swiss Re's service companies. During this time, he significantly improved cost management, operations and steering across the Swiss Re Group. He's also said to have played a key role in implementing the global operations strategy and expanding the company's presence in Bratislava. Previously, Grass spent 8 years with McKinsey & Company, where he held numerous positions of increasing seniority.

"Matthias has shown he is an effective leader who has achieved ambitious targets, inspired his people, and helped grow our very successful Bratislava operation," said Andreas Berger, CEO Swiss Re Corporate Solutions. "I am pleased he will join Corporate Solutions during this transformative time in our development. Matthias will be a driving force in refining our strategy as we advance corporate insurance for the benefit of our customers."

Berger added: "I'd like to thank Martin for his many contributions to Corporate Solutions, particularly his leadership during our strategic review. By overseeing the successful implementation of our management actions, Martin has helped us make significant progress in our return to profitability, which I am confident Matthias will help Corporate Solutions achieve in 2021, as committed."