Swiss Re plans SwF1bn share buyback

The Swiss Re board of directors has requested authorisation for a
SwF1bn ($1bn) share buyback scheme, it announced today (16 March).
The reinsurer completed its previous SwF1bn buyback earlier this
month, which saw it purchase more than 10 million shares at an
average purchase price of SwF94.03 per share.
The scheme is part of Swiss Re's wider objective of
returning capital to shareholders when excess capital is available,
no major loss events have occurred and other business opportunities
do no