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The Value of RiskSwiss Re and the History of Reinsurance$
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Harold James, Peter Borscheid, David Gugerli, and Tobias Straumann

Print publication date: 2013

Print ISBN-13: 9780199689804

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199689804.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 January 2022

Aversion and Adaptation

Aversion and Adaptation

(p.295) Chapter 17 Aversion and Adaptation
The Value of Risk

Harold James

Peter Borscheid

David Gugerli

Tobias Straumann

Oxford University Press

Germany, ruled by the National Socialists between 1933 and 1945, remained the biggest market for Swiss Re. While both the chairman and the managing director were decidedly anti-Nazi, the company still decided to be careful not to upset the regime in Germany too much. Germany on the other hand was interested in Switzerland offering an opportunity to conduct reinsurance business out of a neutral country. Swiss Re also to some degree got involved in racial politics through their German reinsurer Bayerische Rück and a Jewish-led insurance company in Austria. One case, the dismissal of Jewish-born manager Simon Wertheimer at Bayerische Rück, is well documented. Swiss Re in the end gave in to the pressures of the Nazis but continued to support Wertheimer and his family financially.

Keywords:   Nazi Germany, Jewish employees, Bayerische Rück, Anker Insurance Vienna

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