This building was completed in December 2003. Swiss Re, a global reinsurance company, was the primary occupant, but they had decided to keep their headquarters in Zurich. The building stands on the former site of the Baltic Exchange, but on April 10, 1992 the Provisional IRA detonated a bomb close to the Exchange, causing extensive damage to the Baltic Exchange and neighboring structures. The United Kingdom government’s statutory adviser on the historic environment decided to rebuild.
This building uses energy-saving methods which allows it to use half the power of a similar built tower would typically consume. Gaps within every floor create a natural ventilation system for the entire building. Though the building is curved, there is only one piece of curved glass on the building, which is the cap at the top. The building has become an iconic symbol of London and is one of the city's most widely recognized examples of contemporary architecture
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