Home Insurance Swiss Re CEO steps down, successor named

Swiss Re CEO steps down, successor named

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


Kenneth Araullo

Swiss Re has introduced a serious management change with Andreas Berger (pictured) set to imagine the function 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 intensive expertise from his earlier roles at Boston Consulting Group, Gerling, and Allianz.

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

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

With Berger’s appointment as group CEO, he can even 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 choice for the “proper individual” to construct on the corporate’s momentum.

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

“He has demonstrated a robust deal with execution whereas on the similar 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 means of a interval with elevated pure disaster exercise, an unprecedented low rate of interest setting 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 means of, now’s the proper second for CEO succession,” de Vaucleroy mentioned.

“Christian is an extremely devoted, passionate, and intellectually robust chief who has made an impression, 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 the perfect.”

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 your complete firm has made throughout this time, rallying a lot excellent expertise behind a significant function. 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 proper second for me to maneuver on. It’s implausible that we appoint one among my colleagues to succeed me. With Andreas, Swiss Re will probably be in good fingers.”

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