Masters in Business

Swiss Re's Velina Peneva on the Business of Reinsurance

Jun 27, 2025
Velina Peneva, the Group Chief Investment Officer at Swiss Re, shares her impressive journey from Bain & Company to the reinsurance sector. She discusses the complexities of managing risk and investment strategies in a changing market. Peneva emphasizes the importance of efficiency within teams and adapting to geopolitical tensions in investment strategies. The conversation also touches on the impact of central bank policies and the recent shifts in market sentiment, highlighting the resilience required in today's economic climate.
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ANECDOTE

Pivot from Medicine to Economics

  • Valina Peneva planned to become a doctor but shifted to economics and computer science due to the U.S. medical education system's length and cost.
  • She pivoted to economics after realizing pre-med in the U.S. meant a long, costly path with delayed practice opportunities.
ANECDOTE

Bain Transfer to Zurich

  • Valina moved from Boston to Zurich for Bain&Company, initially for a six-month transfer that became permanent.
  • In Zurich, she developed new business lines, focusing on institutional investors and private equity consulting.
INSIGHT

Investing Is a People Business

  • High-quality teams and trust are foundational to successful investment management.
  • Valina emphasizes the importance of culture and the human element alongside frameworks and processes.
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