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Swiss Re CEO Mumenthaler gets 6.25 mln Sfr in 2016
March 16, 2017 / 6:29 AM / in 7 months

Swiss Re CEO Mumenthaler gets 6.25 mln Sfr in 2016

ZURICH, March 16 (Reuters) - Swiss Re paid Chief Executive Christian Mumenthaler 6.25 million Swiss francs ($6.26 million) in 2016 after he was promoted mid-year to the role, according to the reinsurer’s annual report published on Thursday.

Total compensation for predecessor Michel Lies was 7.02 million Swiss francs in 2015.

Zurich-based Swiss Re also said its economic net worth decreased by 2 percent to $36.6 billion as of the end of December. Swiss Re aims to increase economic net worth per share by an average of 10 percent per year over the reinsurance cycle.

$1 = 0.9989 Swiss francs Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields

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