Stefan Lippe, the former head of the reinsurance company Swiss Re, is dead. He succumbed to an illness that is directly related to the currently raging corona virus.
Was from 1983 to 2012 Stefan Lippe with the Swiss reinsurer Swiss Re. And now, at the age of 65, he succumbed to the consequences of the corona virus, as was evident from a death notice in the «NZZ» on Friday. The newspaper has a (pay) Obituary written for Lippe.
From 2009 to 2012, Lippe was CEO of Swiss Re, leading the reconstruction of the group after the 2008 financial crisis Jacques Aigrain acquired after billions of losses in the group had accumulated due to strategic misconceptions.
Successful turnaround and gone
Lippe then put the focus back on reinsurance itself and cleared up the failures of its predecessors. Within a year, over 10,000 jobs were cut at the former flagship company, but the group was back in the black at the end of 2009.
In early 2012, he took off his hat, like finews.ch then reported. He wanted to retire at the age of 56 and commented on the departure as follows: “Now that the turnaround has been achieved, Swiss Re is also entering a new era with its new structure and revised strategy.” Became his successor Michel L. Liès.
Just a few months after he left Swiss Re, he was elected to the board of directors of the French insurance group Axa, where he worked until the end.
– .
