Brexit could pose regulatory hurdles for Swiss Re -CFO
ZURICH, Feb 23 (Reuters) - Swiss Re (LSE: 0QL6.L - news) could face regulatory and operational hurdles if Britain votes to leave the European Union in a referendum this year, the reinsurer's finance chief said on Tuesday.
"We could have a very significant negative impact coming at us from a regulatory compliance point of view but also just from an outright operations point of view," David Cole said in a call with analysts when asked about the potential impact on Swiss Re of a "Brexit".
"I'm referring to a worst-case type of scenario."
Earlier, Swiss Re said it had appointed the head of its main division to take over as CEO when Michel Lies retires in July after announcing a 31 percent rise in full-year net profit.
(Reporting by Joshua Franklin; Editing by Michael Shields)