JP Morgan downgraded Swiss Re AG to underweight from a neutral rating. The bank lowered its price target for the reinsurer to 125 Swiss francs. This new target replaces the previous valuation of 140 francs.
Swiss Re appointed Benjamin Savill as CEO for Australia and New Zealand. Savill will begin the Sydney-based role on October 1, 2026. He previously served as the Pacific region CEO for Guy Carpenter.