Swiss Re has made several changes to its Group Executive Committee.
Velina Peneva has been appointed CEO of Life & Health (L&H) Re effective 1 October 2026.
She is currently Group Chief Investment Officer (CIO) and will succeed Paul Murray, who decided to leave Swiss Re to pursue new opportunities after more than 20 years at the company.
Peneva has held the CIO role since April 2023. She has been at Swiss Re since 2017 and before that was at Bain & Company for 18 years.
Martin Zingg, currently Group Head Corporate Development & Capital Markets, was appointed Group CIO and a member of the Group Executive Committee.
"Martin's investment expertise and more than three decades of leadership experience will help drive the strength of our investment function."
Zingg has been at Swiss Re since 2015; this is his second stint at the company, having been there from 1995 to 2010 as Managing Director of Swiss Re Asset Management, with several years at Catlin in between. He has also worked at UBS.
“Martin's broad investment expertise and more than three decades of leadership experience across the insurance industry will help drive the continued strength of our investment function,” said Swiss Re's Group Chief Executive Officer Andreas Berger.
The changes were announced last week amid Swiss Re's H1 2026 results, which showed a return on investments (ROI) of 4% for the company and a recurring income yield of 4.2%.
- Non Life Insurance
- Andreas Berger
- Martin Zingg
- Velina Peneva
- Swis Re
- Appointments