Swiss Re Ltd. Announces Successful Completion of its 1:1 Exchange Offer

On 9 June 2011, Swiss Re Ltd. ("SRL"), a leading global reinsurer, announced the successful completion of its 1:1 exchange offer for the shares in Swiss Reinsurance Company Ltd. ("SRZ") and reported a total holding of more than 98% of shares in SRZ. SRL will now file a request with the competent court to invalidate the remaining SRZ shares.

Bär & Karrer acted as external legal adviser to SRL. The team was led by Rolf Watter, Robert Waldburger (Tax), Thomas Reutter, Dieter Dubs and further included Katja Roth Pellanda, Sten Rasmussen and Daniel Raun.