Pensionskasse Swiss Re

Pensionskasse Swiss Re

Pensionskasse Swiss Re serves as the pension fund for employees of Swiss Re, the Zurich-based reinsurance giant. It operates as an independent legal entity under the chairmanship of Hermann Geiger, with Carina Kunz heading day-to-day operations and Jan Heckler overseeing investment decisions. The fund provides retirement benefits through a hybrid defined-benefit and defined-contribution structure. The fund allocates capital across a broad institutional portfolio, anchored by a significant direct real estate book. Holdings include residential properties on Witikonerstrasse and Loorenstrasse in Zurich, the Bodenfeld development in Urdorf, and a mixed-use project spanning Alte Gfennstrasse, Claridenstrasse, and Hermikonstrasse in Dübendorf. Beyond Switzerland, the fund owns social housing assets in England and deploys into infrastructure debt on a global basis. On the private-markets side, the strategy focuses primarily on buyout funds, though the fund also evaluates co-investments and secondaries. Carina Kunz leads an internal team that manages Swiss Re's retirement assets, drawing on the wider institutional resources of the parent company. The fund benchmarks its Swiss real estate performance against the KGAST Immo-Index, reflecting its alignment with Swiss institutional investment standards. Key investment staff hold CFA charters and maintain active involvement in the CFA Society Switzerland. In recent years, the fund has continued to build out its direct real estate development pipeline in the Zurich metropolitan area. The fund's structural distinction lies in its integration with one of the world's largest reinsurance balance sheets while maintaining full fiduciary independence. This dual identity shapes its investment posture: conservative enough to satisfy Swiss pension regulators, yet sophisticated enough to pursue direct infrastructure debt and illiquid private equity commitments that many peer corporate pension funds outsource entirely to external managers.