Life Insurance & Pensions http://www.credit-suisse.com/news/en http://www.credit-suisse.com/news/en http://www.credit-suisse.com/framework/core/img/logo_cs.gif 2012 © Credit Suisse en media.relation@credit-suisse.com (Media Relation) Thu, 09 Feb 2012 00:00:00 +0100 60 webmaster.csg@credit-suisse.com (CSG Webmaster) Asset Management Awards Corporate Info Corporate Reporting Deals and Transactions General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Products Swiss Business Banking Credit Suisse Group is pleased to announce that Karl Landert, Chief Information Officer (CIO) of Credit Suisse, has been appointed to the Executive Board with effect from today. As CIO, Mr. Landert is responsible for Credit Suisse's Information Technology (IT) division. In this role he will continue to report to Brady W. Dougan, Chief Executive Officer of Credit Suisse, based in Zurich. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41214 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41214 Fri, 26 Jun 2009 05:30:28 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking The staff council and employer representatives of Credit Suisse Group in Switzerland have concluded the salary negotiations for 2009. The social partners have agreed on 1.8% of payroll as the sum available for individual and performance-related salary increases. Salary adjustments will apply as of April 1, 2009. https://www.credit-suisse.com/news/en/media_release.jsp?ns=40957 https://www.credit-suisse.com/news/en/media_release.jsp?ns=40957 Fri, 14 Nov 2008 09:30:21 +0000 Asset Management Corporate Info Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking As a result of interest rate trends in the money and capital markets, and in the light of current interest rates, Credit Suisse is raising its interest rates for its range of pension and savings products, and for adjustable-rate mortgages. https://www.credit-suisse.com/news/en/media_release.jsp?ns=40512 https://www.credit-suisse.com/news/en/media_release.jsp?ns=40512 Mon, 1 Oct 2007 08:24:54 +0000 Life Insurance & Pensions Private Banking Products Swiss Business Banking Credit Suisse Group announced today that Leonhard H. Fischer, Chief Executive Officer for Credit Suisse in the Europe, Middle East and Africa region (EMEA), has resigned with immediate effect to pursue a career opportunity outside the bank. https://www.credit-suisse.com/news/en/media_release.jsp?ns=40301 https://www.credit-suisse.com/news/en/media_release.jsp?ns=40301 Thu, 29 Mar 2007 05:20:24 +0000 Asset Management Corporate Info Corporate Reporting Deals and Transactions General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking Credit Suisse Group is pleased to announce that Leonhard Fischer, Chief Executive Officer of Winterthur, will be appointed Chief Executive Officer of the Europe, Middle East and Africa (EMEA) region. In this role, Leonhard Fischer will report to Oswald J. Grübel, Chief Executive of Credit Suisse and will join the Executive Board of the bank. He will be based in London and will assume his new responsibilities on March 1, 2007. Michael Philipp, CEO of the EMEA region, will become Chairman of Credit Suisse in the EMEA region. In this new role, Michael Philipp will focus on expanding the bank's strategic client relationships with a particular focus on the Middle East. He will also continue to play a key role developing strategy with Leonhard Fischer and driving specific initiatives in the EMEA region. Michael Philipp will remain a member of the Executive Board and will continue to report to Oswald J. Grübel. He will be based in London and assume his new responsibilities on March 1, 2007. https://www.credit-suisse.com/news/en/media_release.jsp?ns=40142 https://www.credit-suisse.com/news/en/media_release.jsp?ns=40142 Fri, 22 Dec 2006 07:00:59 +0000 Asset Management Corporate Info Corporate Reporting Deals and Transactions General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking Credit Suisse Group announced today that it has completed the sale of 100% of Winterthur Swiss Insurance Company ("Winterthur") to AXA, finalizing the agreement first announced on June 14, 2006. Under the agreement, Credit Suisse Group received a cash payment of CHF 12.3 billion. In addition, AXA redeemed GBP 500 million (approximately CHF 1.1 billion) of intercompany hybrid debt outstanding between Credit Suisse Group and Winterthur. https://www.credit-suisse.com/news/en/media_release.jsp?ns=40141 https://www.credit-suisse.com/news/en/media_release.jsp?ns=40141 Fri, 22 Dec 2006 06:55:19 +0000 Asset Management Corporate Info Corporate Reporting Deals and Transactions General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking Credit Suisse Group's internal holding structure has changed with regard to the holding of its own registered shares: Credit Suisse Group holds its own registered shares directly and indirectly through Credit Suisse, Credit Suisse EBC AG, Bank Leu AG, Credit Suisse International, Credit Suisse (International) Holding AG, Credit Suisse Securities (Europe) Ltd., Credit Suisse Securities (USA) LLC, Credit Suisse Life & Pensions AG and CS Non-Traditional Investments Ltd. As notified on July 12, 2005, Credit Suisse Group's holding in own stock exceeds 10% of the voting rights. https://www.credit-suisse.com/news/en/media_release.jsp?ns=39903 https://www.credit-suisse.com/news/en/media_release.jsp?ns=39903 Wed, 19 Jul 2006 22:00:00 +0000 Asset Management Corporate Reporting General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking Credit Suisse Group's internal holding structure with regard to the holding of its own registered shares has changed as of June 23, 2006: Credit Suisse Group holds its own registered shares directly and indirectly through Credit Suisse, Credit Suisse EBC AG, Bank Leu AG, Credit Suisse International, Credit Suisse (International) Holding AG, Credit Suisse Securities (Europe) Ltd., Credit Suisse Securities (USA) LLC, Credit Suisse Life & Pensions AG, CS Non-Traditional Investments Ltd., "Winterthur" Swiss Insurance Company, Winterthur Life, Wincare Versicherungen and Wincare Zusatzversicherungen. As notified on July 12, 2005, Credit Suisse Group's holding in own stock exceeds 10% of the voting rights. https://www.credit-suisse.com/news/en/media_release.jsp?ns=39877 https://www.credit-suisse.com/news/en/media_release.jsp?ns=39877 Wed, 28 Jun 2006 22:00:00 +0000 Asset Management General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking Credit Suisse Group today announced that it has entered into a definitive agreement for the sale of Winterthur Swiss Insurance Company ("Winterthur"), its insurance business, to AXA for a cash consideration of CHF 12.3 billion. AXA will acquire 100% of Winterthur. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close around year-end 2006. https://www.credit-suisse.com/news/en/media_release.jsp?ns=39859 https://www.credit-suisse.com/news/en/media_release.jsp?ns=39859 Tue, 13 Jun 2006 22:00:00 +0000 Asset Management General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking Credit Suisse Group today disclosed the European Embedded Value (EEV) for Winterthur, its insurance business. EEV is a quantitative framework providing additional insights on life insurance businesses and their development to complement financial statements. https://www.credit-suisse.com/news/en/media_release.jsp?ns=39794 https://www.credit-suisse.com/news/en/media_release.jsp?ns=39794 Tue, 2 May 2006 22:00:00 +0000 Corporate Info Life Insurance & Pensions Credit Suisse Group today announced a change to its accounting treatment of certain share-based compensation awards. This follows recent guidance and discussions with US Securities and Exchange Commission (SEC) staff through February 10, 2006, regarding the appropriate period over which to expense share-based compensation awards that have a non-competition provision with scheduled vesting beyond an employee's eligibility for early retirement. As a result, the Group will record a non-cash charge in the fourth quarter of 2005 for certain share-based compensation awards granted in 2005. This will result in a CHF 630 million increase in banking compensation and benefits and a CHF 421 million reduction in net income for the fourth quarter and full year 2005. This non-cash charge represents an acceleration of compensation expenses that would otherwise have been reflected in future years. https://www.credit-suisse.com/news/en/media_release.jsp?ns=39672 https://www.credit-suisse.com/news/en/media_release.jsp?ns=39672 Sun, 12 Feb 2006 23:00:00 +0000 Asset Management Awards Corporate Reporting General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking Credit Suisse Group held a risk management presentation on Winterthur, the Group's insurance business. The presentations can be downloaded from the info Kit. Video/Audio recordings of the presentations are available for replay. https://www.credit-suisse.com/investors/en/2006_wgr_presentation_3.jsp https://www.credit-suisse.com/investors/en/2006_wgr_presentation_3.jsp Mon, 23 Jan 2006 08:03:18 +0000 General Insurance (Winterthur) Life Insurance & Pensions Credit Suisse Group today announced that the Independent Actuary designated in the Sale and Purchase Agreement (SPA) between XL Insurance (Bermuda) Limited ("XL") and Winterthur Swiss Insurance Company ("Winterthur") regarding the sale of Winterthur International in 2001, has released the Final Reports regarding the estimates of the Seasoned Net Reserves Amount and the Seasoned Net Premium Receivable Amount. https://www.credit-suisse.com/news/en/media_release.jsp?ns=39576 https://www.credit-suisse.com/news/en/media_release.jsp?ns=39576 Mon, 5 Dec 2005 23:00:00 +0000 Deals and Transactions General Insurance (Winterthur) Life Insurance & Pensions Credit Suisse Group today announced that the Independent Actuary designated in the Sale and Purchase Agreement (SPA) between XL Insurance (Bermuda) Limited ("XL") and Winterthur Swiss Insurance Company ("Winterthur") regarding the sale of Winterthur International in 2001 has released a Draft Report regarding the estimate of the Seasoned Net Reserves Amount. According to the report, the Independent Actuary's draft conclusion of reserve liability is closer to the estimate submitted by Winterthur. That amount, already provided for in the Winterthur accounts, is expected to become the relevant Seasoned Net Reserves Amount payable to XL. https://www.credit-suisse.com/news/en/media_release.jsp?ns=39563 https://www.credit-suisse.com/news/en/media_release.jsp?ns=39563 Wed, 23 Nov 2005 23:00:00 +0000 General Insurance (Winterthur) Life Insurance & Pensions Credit Suisse Group today announced changes to the corporate governance structure of Winterthur Group, in line with the repositioning of the insurance business within the company. The Boards of Directors of "Winterthur" Swiss Insurance Company and Winterthur Life have been newly elected and will be chaired by Oswald J. Grübel, CEO of Credit Suisse Group, effective immediately. https://www.credit-suisse.com/news/en/media_release.jsp?ns=38885 https://www.credit-suisse.com/news/en/media_release.jsp?ns=38885 Tue, 3 May 2005 12:46:00 +0000 Corporate Info General Insurance (Winterthur) Life Insurance & Pensions Winterthur Life Switzerland earned a profit of CHF 227 million in 2004. This is significantly better than the 2003 profit of CHF 83 million. In the group life business, the company passed on 92% of earnings to its insured, thereby exceeding the prescribed legal quote of 90%. This press release is available in German, French and Italian. http://www.winterthur-insurance.ch/home/abu/abu_info/abu_info_news/abu_info_news_2005/abu_info_news_2005_03_07.htm http://www.winterthur-insurance.ch/home/abu/abu_info/abu_info_news/abu_info_news_2005/abu_info_news_2005_03_07.htm Mon, 7 Mar 2005 09:04:00 +0000 Corporate Reporting Life Insurance & Pensions Credit Suisse Group today announced that its subsidiary Winterthur Group has recorded a CHF 310 million increase in its provision (pre-tax) for contingencies relating to the sale of Winterthur International to XL Insurance (Bermuda) Limited in 2001. Winterthur Group has undertaken an extensive analysis of recently provided data relating to a three-year reserve-seasoning exposure, utilizing third-party specialists to assist in estimating the reserves required for such liabilities. On the basis of the facts known, Credit Suisse Group believes that the currently recorded provision is adequate to cover the contingencies related to this transaction. https://www.credit-suisse.com/news/en/media_release.jsp?ns=37905 https://www.credit-suisse.com/news/en/media_release.jsp?ns=37905 Fri, 4 Feb 2005 06:00:00 +0000 Deals and Transactions General Insurance (Winterthur) Life Insurance & Pensions Winterthur Life has just topped the tables at the Financial Adviser Service Awards, held at the Natural History Museum, London, on November 18 2004, winning the top 5 Star Service Award for the third consecutive year. http://www.winterthur-life.co.uk/newcorporate/media/media_default.asp?a=976 http://www.winterthur-life.co.uk/newcorporate/media/media_default.asp?a=976 Mon, 29 Nov 2004 13:57:00 +0000 Life Insurance & Pensions Winterthur is merging its Life and Non-Life market units in Switzerland, thus introducing a more uniform market presence with which to support the expansion of its position as market leader. Philippe Egger, the present head of Winterthur Switzerland Non-Life, will take over the management of the new integrated Switzerland Market Unit with immediate effect. http://www.winterthur.com/worldwide/new/new_y04/new_y04_pr_2004_09_16.htm http://www.winterthur.com/worldwide/new/new_y04/new_y04_pr_2004_09_16.htm Thu, 16 Sep 2004 12:04:00 +0000 Corporate Info General Insurance (Winterthur) Life Insurance & Pensions This press release is available in German only. http://entry.dbv-winterthur.de/b2c/Inhalte/Presse/Presse_Center/Presseinformationen/Archiv_2004/PN_Halbjahresbericht.pdf http://entry.dbv-winterthur.de/b2c/Inhalte/Presse/Presse_Center/Presseinformationen/Archiv_2004/PN_Halbjahresbericht.pdf Mon, 23 Aug 2004 14:56:00 +0000 Corporate Reporting General Insurance (Winterthur) Life Insurance & Pensions Credit Suisse Group today announced the new composition of the Group Executive Board, following the changes to its organizational structure announced on June 24. https://www.credit-suisse.com/news/en/media_release.jsp?ns=35744 https://www.credit-suisse.com/news/en/media_release.jsp?ns=35744 Wed, 14 Jul 2004 05:30:00 +0000 Asset Management Corporate Info Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking Effective on June 29, 2004, Hartmut Nickel-Waninger has decided to resign from his position as Chief Executive Officer of DBV-Winterthur and to leave Winterthur Group for personal reasons. Hartmut Nickel-Waninger will be succeeded by Frank Keuper, currently a member of the Management Board of AXA Konzern AG and responsible for the Private and Commercial Clients division. http://www.winterthur.com/worldwide/new/new_y04/new_y04_pr_2004_06_04.htm http://www.winterthur.com/worldwide/new/new_y04/new_y04_pr_2004_06_04.htm Fri, 4 Jun 2004 05:41:00 +0000 Corporate Info General Insurance (Winterthur) Life Insurance & Pensions Winterthur Life, part of Winterthur Group which is part of Credit Suisse Group, has today reported sustained growth in new insured single premium pensions business through IFAs for the first quarter 2004, up 12% overall to £187 million against £168 million over the same period last year. http://www.winterthur-life.co.uk/newcorporate/media/media_default.asp?a=905 http://www.winterthur-life.co.uk/newcorporate/media/media_default.asp?a=905 Tue, 25 May 2004 08:22:00 +0000 Corporate Reporting Life Insurance & Pensions Winterthur Life UK has today entered into a strategic partnership with The Capita Group Plc (Capita) following the agreement to sell its subsidiary Personal Pension Management Limited (PPML) to Capita. The transaction will be completed once regulatory approval has been granted. As part of this strategic partnership, Capita will purchase the entire share capital of Winterthur Life UK's subsidiary PPML for an undisclosed sum. Capita has been appointed as strategic partner by Winterthur Life UK, to provide third party Self-Invested Personal Pensions (SIPP) plans administration services. http://www.winterthur-life.co.uk/newcorporate/media/media_default.asp?a=903 http://www.winterthur-life.co.uk/newcorporate/media/media_default.asp?a=903 Wed, 19 May 2004 12:05:00 +0000 Deals and Transactions General Insurance (Winterthur) Life Insurance & Pensions Winterthur announced today that it is selling its French subsidiary Rhodia Assurances S.A. to April Group. Both parties to the transaction agreed not to disclose the price and conditions of the sale. http://www.winterthur.com/worldwide/new/new_y04/new_y04_pr_2004_03_29.htm http://www.winterthur.com/worldwide/new/new_y04/new_y04_pr_2004_03_29.htm Mon, 29 Mar 2004 14:12:00 +0000 Deals and Transactions General Insurance (Winterthur) Life Insurance & Pensions Credit Suisse Group today announced that it has corrected its fourth quarter and full-year 2003 net profit reported under Swiss GAAP from CHF 1.2 billion to CHF 1.0 billion, and from CHF 5.2 billion to CHF 5.0 billion, respectively. The correction is a result of an error in the input data used for the fourth quarter 2003 accounts of DBV-Winterthur in Germany. Credit Suisse Group's Annual Report 2003, reflecting the corrected full-year results, will be available as of March 31, 2004, as planned. http://www.credit-suisse.com/news/en/index.html http://www.credit-suisse.com/news/en/index.html Fri, 26 Mar 2004 12:22:00 +0000 Corporate Info Corporate Reporting General Insurance (Winterthur) Life Insurance & Pensions Winterthur Life, part of Winterthur Group, which is part of Credit Suisse Group, today reports strong growth in new insured single premium pensions business sold through IFAs in 2003, up 15 per cent to £669 million against 2002. This compares with a fall of 1% for the IFA pensions sector as a whole, according to figures just published by the ABI. http://www.winterthur-life.co.uk/newcorporate/media/media_default.asp?a=844 http://www.winterthur-life.co.uk/newcorporate/media/media_default.asp?a=844 Tue, 16 Mar 2004 15:26:00 +0000 Corporate Reporting Life Insurance & Pensions Winterthur Life Switzerland today announced an annual net profit of CHF 83 million in 2003. This positive result represents a strong improvement over 2002, when it posted a net loss of CHF 1,191 million. Over 90% of earnings were passed on to clients. As for 2002, Winterthur Life Switzerland paid no dividend to Credit Suisse Group for the fiscal year 2003. http://www.winterthur.com/worldwide/new/new_y04/new_y04_pr_2004_03_03.htm http://www.winterthur.com/worldwide/new/new_y04/new_y04_pr_2004_03_03.htm Wed, 3 Mar 2004 17:43:00 +0000 Corporate Reporting Life Insurance & Pensions Winterthur Group announced today that it will combine the two separate sales organizations of its life and non-life operations within the Non-Life Market Unit Switzerland. The reorganization will generate necessary cost savings and create a clearer management structure, enabling Winterthur to offer customers advice on pensions and insurance matters from a single source, in line with their requirements. http://www.winterthur.com/worldwide/new/new_y03/new_y03_pr_2003_10_28.htm http://www.winterthur.com/worldwide/new/new_y03/new_y03_pr_2003_10_28.htm Tue, 28 Oct 2003 16:00:00 +0000 Corporate Info General Insurance (Winterthur) Life Insurance & Pensions At the Merrill Lynch European Banking and Insurance Conference, Phil Ryan, CFO of Credit Suisse Group, presented an overview of the present status of the Group and the priorities and aspirations for 2003. https://www.credit-suisse.com/upload/news-live/000000017500.pdf https://www.credit-suisse.com/upload/news-live/000000017500.pdf Wed, 8 Oct 2003 08:35:00 +0000 General Insurance (Winterthur) Investment Banking Life Insurance & Pensions Private Banking Swiss Business Banking