Swiss Re is Founding Partner in Red Cross Support Group

October 10, 2005

Swiss Re announced that it has joined seven other companies, including Zurich Financial Services, as a founding member of the International Committee of the Red Cross (ICRC) Corporate Support Group, which will support the aid organization’s global humanitarian endeavors.

“Swiss Re, by going into partnership with the ICRC, is showing its commitment to social responsibility, which forms part of the company’s Corporate Philosophy,” said the announcement. Board Chairman Peter Forstmoser noted: “The ICRC has been leading the way in helping the victims of catastrophes and conflict for over 140 years. Respect for humanitarian values is indispensable to our society’s sustainable development. And Swiss Re, as a leading global reinsurer, has made a commitment to sustainable development and thus wishes to support the ICRC.”

Swiss Re said it “will pledge a substantial sum to the ICRC over the next six years. These funds will assist the ICRC in continuing its work and finance further education and training for ICRC staff. Furthermore, this partnership will facilitate the sharing of information related to risk management, human resources, logistics, IT and communication between the ICRC and the partner companies.

“This commitment represents the first institutional and long-term cooperation agreement between the ICRC and the private sector. Global corporations, whose ethics and business principles are compatible with the ICRC ethos, are eligible for the ICRC Corporate Support Group. Corporations having official ICRC Corporate Partner status enjoy privileged access to ICRC campaigns and events.”

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