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Swiss Re CEO steps down, successor named




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















Veteran exits the function after eight years

Swiss Re CEO steps down, successor named


Reinsurance

By
Kenneth Araullo

Swiss Re has introduced a significant management change with Andreas Berger (pictured) set to imagine the function of group chief government 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 resolution to nominate me to steer this nice firm,” Berger stated.

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

With Berger’s appointment as group CEO, he may also relinquish his present function 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 resolution for the “proper individual” to construct on the corporate’s momentum.

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

“He has demonstrated a powerful give attention to execution whereas on the similar time innovating the enterprise with information analytics-based options,” de Vaucleroy stated.

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

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

“Christian is an extremely devoted, passionate, and intellectually sturdy chief who has made an influence, additionally past Swiss Re. On behalf of the board, I wish to categorical gratitude and appreciation for his sturdy 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 thus lengthy,” Mumenthaler stated. “I’m immensely grateful for the expertise and for the progress your complete firm has made throughout this time, rallying a lot excellent expertise behind a significant objective. 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 best second for me to maneuver on. It’s implausible that we appoint one in all my colleagues to succeed me. With Andreas, Swiss Re will likely be in good palms.”

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