OREANDA-NEWS. Swiss Re announces that it has completed the public share buy-back programme of up to CHF 1.0 billion purchase value, authorised by the Annual General Meeting on 21 April 2015 and which it launched on 12 November 2015.

Since 12 November 2015, Swiss Re has repurchased 10 634 370 of its shares for a total of CHF 999 999 867.20 at an average purchase price of CHF 94.03 per share. As announced during the publication of the full-year 2015 results on 23 February 2016, the Board of Directors will propose to the 2016 Annual General Meeting the cancellation of the repurchased shares by way of share capital reduction.

The public share buy-back programme was established to achieve Swiss Re's objective of returning capital to shareholders when excess capital is available, no major loss event has occurred and other business opportunities do not meet Swiss Re's strategic and financial objectives.

About Swiss Re
The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk-taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of around 70 offices globally and is rated "AA-" by Standard & Poor's, "Aa3" by Moody's and "A+" by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed in accordance with the International Reporting Standard on the SIX Swiss Exchange and trade under the symbol SREN.