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Swiss Re Shareholders Approve Funding Agreement with Berkshire

Posted on 13 Mar 2009

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At Swiss Re's Annual General Meeting today in Zurich, shareholders approved the creation of conditional capital to secure the necessary underlying shares for the convertible perpetual capital instrument to be issued to Berkshire Hathaway Inc.

Peter Forstmoser, Chairman of the Board of Directors of Swiss Re, thanked shareholders for their trust and their continued support. He said: “The approval of the capital increase means that Swiss Re’s financial strength will be further reinforced. This will allow us to continue to capture upcoming reinsurance market opportunities and to strengthen our core business even further.”