Weak board games

Jacques Aigrain’s elevation to chief executive of Swiss Re was warmly received in 2005. Who better than an ambitious ex-JPMorgan banker to give some oomph to a reinsurer that looked too conservative? Now Aigrain is leaving under a cloud, his legacy a perceived risk-friendly culture and lax management. Aigrain moved in the directions that would have been expected from an investment banker. Within months, the group was gearing up for the mammoth takeover of GE Insurance Solutions. Then came a reck...