Monica Maechler, chief executive of the supervisory authority that monitors the business operations of private insurance companies, is looking carefully at the indirect engagements, investments and insurance activities of Swiss Re, as 'credit derivatives and similar transactions could trigger in the short-term high liquidity and write-down requirements'.
She commented in the Swiss newspaper, “Sonntag” on Sunday, that executives must not be led only by mathematics modeling when making transactions.
'That's why we will in the future take a closer look at whether the right people are in charge,' she said.