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Monday, April 15, 2024

Swiss Re CEO steps down, successor named




Swiss Re CEO steps down, successor named | Insurance coverage Enterprise America















Veteran exits the position after eight years

Swiss Re CEO steps down, successor named


Reinsurance

By
Kenneth Araullo

Swiss Re has introduced a serious management change with Andreas Berger (pictured) set to imagine the position of group chief govt officer on July 1, 2024, succeeding firm vet Christian Mumenthaler, who has determined to step down following an eight-year tenure.

Berger, who joined Swiss Re in March 2019, brings in depth expertise from his earlier roles at Boston Consulting Group, Gerling, and Allianz.

“I’m honored by the board’s determination to nominate me to guide this nice firm,” Berger mentioned.

Berger additionally emphasised his dedication to strengthening Swiss Re’s international shopper franchise and dealing intently with colleagues, the group govt committee, and the board of administrators to attain the corporate’s targets.

With Berger’s appointment as group CEO, he can even relinquish his present position as CEO of Company Options. The seek for his successor is underway.

Jacques de Vaucleroy, Swiss Re’s vice chairman of the board of administrators, highlighted the board’s unanimous determination for the “proper particular person” to construct on the corporate’s momentum.

de Vaucleroy additionally praised Berger’s profitable monitor report at Swiss Re, significantly noting his achievements in turning across the Company Options Enterprise Unit.

“He has demonstrated a powerful concentrate on execution whereas on the identical time innovating the enterprise with information analytics-based options,” de Vaucleroy mentioned.

Reflecting on Mumenthaler’s management, de Vaucleroy highlighted his work in steering the corporate by a interval with elevated pure disaster exercise, an unprecedented low rate of interest surroundings and the COVID-19 pandemic.

“With the tailwind of delivering on all 2023 monetary targets, a dividend enhance, and the constructive results of group reorganization coming by, now’s the correct second for CEO succession,” de Vaucleroy mentioned.

“Christian is an extremely devoted, passionate, and intellectually robust chief who has made an influence, additionally past Swiss Re. On behalf of the board, I wish to categorical gratitude and appreciation for his robust dedication and his contributions to the success of the agency. We want him all one of the best.”

Mumenthaler has been with the corporate since 1999 in notable management roles, together with chief advertising officer reinsurance and CEO – reinsurance.

“It has been a real privilege to serve and lead Swiss Re for therefore lengthy,” Mumenthaler mentioned. “I’m immensely grateful for the expertise and for the progress the whole firm has made throughout this time, rallying a lot excellent expertise behind a significant goal. I’m happy to be handing over the helm when the corporate has been capable of ship on its guarantees. I really feel now’s the correct second for me to maneuver on. It’s implausible that we appoint considered one of my colleagues to succeed me. With Andreas, Swiss Re will probably be in good palms.”

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stanstanleyhttps://insuranceu.beauty
I live in Aotearoa/ New Zealand

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