David Blumer, Swiss Re's Chief Investment Officer has decided to leave the company, effective Nov. 1, 2012, according to the company’s board of directors. A successor has not been announced.

Blumer joined the company as head of asset management and a member of the executive committee in May 2008. He assumed the role of chairman of Admin Re, the company’s business Unit responsible for acquiring closed blocks of life insurance, in October 2010. Previously Blumer was a member of Credit Suisse’s executive board.

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