Swiss Re CEO steps down, successor named

Swiss Re has introduced a significant management change with Andreas Berger (pictured) set to imagine the position 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 am honored by the board’s decision to appoint me to lead this great company,” Berger stated.

Berger additionally emphasised his dedication to strengthening Swiss Re’s world consumer franchise and dealing carefully with colleagues, the group government committee, and the board of administrators to attain the corporate’s objectives.

With Berger’s appointment as group CEO, he can even relinquish his present position as CEO of Corporate Solutions. 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 “right person” 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 Corporate Solutions Business Unit.

“He has demonstrated a strong focus on execution while at the same time innovating the business with data analytics-based solutions,” 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 setting and the COVID-19 pandemic.

“With the tailwind of delivering on all 2023 financial targets, a dividend increase, and the positive effects of group reorganization coming through, now is the right moment for CEO succession,” de Vaucleroy stated.

“Christian is an incredibly dedicated, passionate, and intellectually strong leader who has made an impact, also beyond Swiss Re. On behalf of the board, I want to express gratitude and appreciation for his strong commitment and his contributions to the success of the firm. We wish him all the best.”

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

“It has been a true privilege to serve and lead Swiss Re for so long,” Mumenthaler stated. “I am immensely thankful for the experience and for the progress the entire company has made during this time, rallying so much outstanding talent behind a meaningful purpose. I am pleased to be handing over the helm when the company has been able to deliver on its promises. I feel now is the right moment for me to move on. It is fantastic that we appoint one of my colleagues to succeed me. With Andreas, Swiss Re will be in good hands.”

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