Swiss Life Information & Swiss Life Links at HealthHaven.com
advertise
add site
services
publishers
database
health videos
Bookmark and Share

search wiki for    ?
web dir firms image gallery news pdf wiki shop video 
about
toolbar
stats
live show
health store
more stuff
JOIN/LOGIN
Featured Results:
 Swiss Balls, Learn about Swiss balls
Swiss Balls, Learn about Swiss balls
personalpowertraining.net
  Life Coach, Life Coaching, Life Coaches, Life Coach Training, Life
Life Coach, Life Coaching, Life Coaches, Life Coach Training, Life
spencerinstitute.com
 
Swiss Life Holding AG
Type Public (SIXSLHN)
Founded 1857
Headquarters Zürich, Switzerland
Key people Bruno Pfister (CEO), Bruno Gehrig (Chairman of the board)
Industry Financial services
Products Life insurance, savings and pensions
Revenue CHF 18.97 billion (2007)[1]
Operating income CHF 1.013 billion (2007)[1]
Profit CHF 1.368 billion (2007)[1]
AUM CHF 121.8 billion (2007)[1]
Total assets CHF 179.8 billion (2007)[1]
Employees 8,560 (2007)[1]
Website www.swisslife.com

The Swiss Life Group is the largest life insurance company of Switzerland. The firm is headquartered is in Zurich. The Swiss Life Group has 8,500 employees and had assets under management of approximately CHF 121 billion in 2007.

Contents

[edit] History

[edit] Foundation and growth

Swiss Life AG headquarters in Zurich

Contrad Widmer established Schweizerische Rentenanstalt in 1857 as the first life insurance company in Switzerland. Alfred Escher was integrally involved in the development of the cooperative. The goal of the company was to provide Swiss families a sufficiently solid foundation by providing insurance against the uncertainties of life. In 1866 Widmer obtained a license in Prussia. A year later, the annuity establishment had business operations in Hamburg and Bremen. The German branch split from the company. All of the policies were hand written in Zurich. Beginning in 1894, the establishment was one of the first insurance institutions to offer occupational insurance. Between 1866 and 1987, Rentenanstalt expanded to Germany, France, the Netherlands, Belgium, Great Britain, Spain, Luxembourg and Italy. In 1988 it took over La Suisse insurance company in Lausanne.

[edit] Going corporate

In 1997 under the management of Martin Lopez, Rentenanstalt changed from a cooperative into a publicly traded company. In 1998 Rentenstalt/Swiss Life shares debuted on the SMI index. SwissLife then advanced on a expansionary strategy acquiring Livit, Banca del Gottardo, the Lloyd Continental and UTO Albis in 1999, Schweizerische Treuhandgesellschaft in 2000, a takeover of the real estate properties of Oscar Weber Holding AG in 2001. Finally in 2002, new acquisitions ceased as the company looked to restructure as many felt it was too big and had becoming[2][3][4][5].

[edit] Restructuring

In 2003, the company changed its name to Swiss Life for all its operations except in the Netherlands where is remains under the old name Zwitser Leven. It sold its British operations to Resolution Life Group in December 2004.[6]

In November 2007, Swiss Life sold off Banca del Gottardo for 1.775 billion CHF.[7] On December 3, 2007, Swiss Life announced that it had launched a takeover bid of AWD Holding. On March 13, 2008, Swiss Life had successfully acquired a total of 86.2% of AWD.[8]

[edit] Products

Swiss Life offers for both individuals and corporations policies a variety of policies including disability insurance, accident insurance as well as annuity insurance and life insurance.

[edit] Sponsorship

Swiss Life is a sponsor of the Swiss National Football Team, the Zurich Chamber Orchestra, the Orchestre de la Suisse Romande. Additionally, Swiss Life is a partner of Circus Knie.

[edit] See also

[edit] References

  1. ^ a b c d e f "Annual Report 2007" (PDF). Swiss Life. http://www.swisslife.com/etc/slml/slcom/obedl/1000/1/1004.File.tmp/Gesch%E4ftsbericht2007_e.pdf. Retrieved 2009-03-01. 
  2. ^ Swiss Life > Jahr 2002 > Neue strategische Ausrichtung
  3. ^ http://www.schweizerbank.ch/de/sesselwechsel/sesselwechsel.asp?pkBerichtNr=56456
  4. ^ http://www.schweizerbank.ch/de/sesselwechsel/sesselwechsel.asp?pkBerichtNr=56981
  5. ^ http://www.schweizerbank.ch/de/sesselwechsel/sesselwechsel.asp?pkBerichtNr=59193
  6. ^ Goellner, Philipp (9 December 2004). "Swiss Life to Sell U.K. Unit for 205 Million Pounds". Bloomberg. http://www.bloomberg.com/apps/news?pid=10000102&sid=aEnw5Siva76E&refer=uk. Retrieved 2009-03-01. 
  7. ^ Medienmitteilung von Swiss Life zum Verkauf der Banca del Gottardo
  8. ^ Medienmitteilung Swiss Life, 19.03.2008 - Swiss Life hält 86,2% an AWD

[edit] External links

Coordinates: 47°21′46″N 8°32′03″E / 47.36278°N 8.53417°E / 47.36278; 8.53417




Product Results (view all...)

search wiki for    ?
web dir firms image gallery news pdf wiki shop video 



↑ top of page ↑about thumbshots