Ivo Furrer - Swiss Life CEO

SZLMY Stock  USD 33.32  0.64  1.88%   

CEO

Dr. Ivo Furrer Ph.D. resigned as Chief Executive Officer Switzerland Member of the Executive Board of Swiss Life Holding Ltd with effect from April 1 2017 which he served since September 1 2008. He joined Winterthur Life in 1982 initially working in group insurance marketing and later assuming various project management roles relating to strategy development and expansion of Winterthurs international insurance business in Europe Canada and the United States. In 1992 he relocated to the United States where he worked in underwriting. From 1994 to 1997 he held a number of management positions at Winterthur International in London before being appointed Chief Underwriting Officer of this business area. In 1999 he moved to Credit Suisse Group where he developed and implemented an internet bank in Luxembourg and was subsequently appointed Head of eInvestment Services Europe and member of the Personal Financial Services management. He began working for Zurich Financial Services in 2002 initially in Germany as Head of the international key account business and in 2005 as Member of the Global Corporationrationrate Executive Committee with responsibility for the development of key account and distribution management at a global level. In 2007 he was appointed Chief Executive Officer Life Switzerland and Member of the Global Life Executive Committee of Zurich Financial Services. He is Member of the Managing Board of Swiss Insurance Association Vice Chairman of the Board of Directors of Valiant Holding AG and Valiant Bank AG and Member of the Board at the GermanSwiss Chamber of Commerce as well as the Financial Market Authority Liechtenstein. He studied Law at Universitaet Zuerich and Universitaet Freiburg and obtained Doctorate in Philosophy degree with a thesis on employee benefits. since 2008.
Age 58
Tenure 16 years
Professional MarksPh.D
Phone41 43 284 33 11
Webhttps://www.swisslife.com
Furrer joined Winterthur Life in 1982, initially working in group insurance marketing and later assuming various project management roles relating to strategy development and expansion of Winterthur’s international insurance business in Europe, Canada and the United States. In 1992 he relocated to the United States, where he worked in underwriting. From 1994 to 1997, he held a number of management positions at Winterthur International in London before being appointed Chief Underwriting Officer of this business area. In 1999 he moved to Credit Suisse Group, where he developed and implemented an internet bank in Luxembourg and was subsequently appointed Head of eInvestment Services Europe and member of the Personal Financial Services' management

Swiss Life Management Efficiency

Swiss Life's management efficiency ratios could be used to measure how well Swiss Life manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 8.05 B in total debt with debt to equity ratio (D/E) of 1.47, which is about average as compared to similar companies. Swiss Life Holding has a current ratio of 4.92, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Swiss Life until it has trouble settling it off, either with new capital or with free cash flow. So, Swiss Life's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Swiss Life Holding sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Swiss to invest in growth at high rates of return. When we think about Swiss Life's use of debt, we should always consider it together with cash and equity.

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Swiss Life Holding AG provides life insurance, risk, pensions, and financial solutions for private and corporate clients. Swiss Life Holding AG was founded in 1857 and is headquartered in Zurich, Switzerland. Schweizerische Leben operates under InsuranceDiversified classification in the United States and is traded on OTC Exchange. It employs 10890 people. Swiss Life Holding [SZLMY] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Swiss Life Holding Leadership Team

Elected by the shareholders, the Swiss Life's board of directors comprises two types of representatives: Swiss Life inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Swiss. The board's role is to monitor Swiss Life's management team and ensure that shareholders' interests are well served. Swiss Life's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Swiss Life's outside directors are responsible for providing unbiased perspectives on the board's policies.
Franziska Tschudi, Member of the Board of Directors
Patrick Frost, CEO and Member of the Corporate Executive Board
Wolf Becke, Member of the Board of Directors
Gerold Buehrer, First Vice Chairman of the Board of Directors
Stefan Loacker, Member of the Board of Directors
Ivo Furrer, Member of the Corporate Executive Board and CEO of Switzerland
Klaus Tschutscher, Director
Stefan Machler, Group Board
Heidi Hinterhuber, Head of Investor Relations
Matthias Aellig, Group Board
Joerg Arnold, CEO Germany, Member of the Executive Board
Adrienne Fumagalli, Member of the Board of Directors
Rolf Doerig, Chairman of the Board of Directors
Franziska Sauberis, Member of the Board of Directors
Thomas Buess, Group CFO and Member of The Corporate Executive Board
Markus Leibundgut, Member of the Corporate Executive Board and CEO of Germany
Ueli Dietiker, Director
Tanguy Polet, CEO Board
Stefan Maechler, Chief Investment Officer
Franziska Sauber, Member of the Board of Directors
Jorg Arnold, CEO Board
Charles Relecom, Member of the Corporate Executive Board and CEO of France
Nils Frowein, CEO International, Member of the Executive Board
Rudolf Keller, Head MA
Frank Schnewlin, Second Vice Chairman of the Board of Directors
Robert Moser, Head Controlling
Damir Filipovic, Member of the Board of Directors
Henry Peter, Member of the Board of Directors
Frank Keuper, Director

Swiss Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Swiss Life a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

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Please note, there is a significant difference between Swiss Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Swiss Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Swiss Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.