Achim R. Bauer to head Swiss Re New Markets' London operation.Business Editors/Insurance Writers ZURICH--(BUSINESS WIRE)--July 20, 2000 Achim R. Bauer, co-head of Global Marketing for Swiss Re New Markets (SRNM SRNM Swiss Re New Markets SRNM Startup Range Neutron Monitor (Nuclear Power) SRNM Spanish Recolonization of New Mexico SRNM Spolecenství Romu na Morave ), has been named managing principal of SRNM's London office with responsibility for day-to-day operations in addition to business development in the U.K. market. Mr. Bauer joined SRNM in 1999 as a principal. He served as head of Insurance Marketing until his recent appointment as co-head of Global Marketing, which provides (re)insurance-based corporate finance solutions for larger corporations and insurance companies. "We place great importance on the London market as a strategic centre for our business. It is a significant global insurance arena and a main centre for the alternative risk-financing technology in which we specialise," Mr. Bauer noted. Prior to joining Swiss Re New Markets, Mr. Bauer was responsible for the corporate finance business of insurance companies in Germany, Switzerland and Austria at the Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , London. He previously worked at Credit Lyonnais SA and at Deutsche Bank. A native of Cologne, Germany, he holds a degree of economics of the University of Cologne The University of Cologne (German Universität zu Köln) is one of the oldest universities in Europe and, with over 44,000 students, the largest university in Germany. . He divides his time between Swiss Re's Zurich and London offices. Swiss Re New Markets provides (re)insurance-based corporate finance solutions for larger corporations and insurance companies. It is a division of Swiss Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Company, a leading reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. , and the world's largest life reinsurer. With more than 9000 employees, Swiss Re is represented at more than 70 offices in over 30 countries worldwide. Gross premiums in 1999 amounted to CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 22.4 billion, and the ordinary result after tax to CHF 2.8 billion. Swiss Re is rated "Aaa" by Moody's and "AAA" by Standard & Poor's. |
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