Munich Re boosts North America leadership with new presidents and CEOs

Munich Re has announced several changes within the executive team for North America in the life and health segment.

Bernard Naumann has been appointed president and CEO of Munich Re, Canada (Life). In this role, Naumann will develop and execute the Canadian reinsurance business strategy for Canada and the Caribbean. Naumann was appointed senior vice president (SVP), individual reinsurance in 2007 and then SVP, reinsurance, overseeing all business lines, in 2016.

Richard Letarte has been appointed president and CEO of Munich Re’s New Ventures, a division of North America (Life and Health). He will be leading innovation initiatives which focus on developing new products and services, and investments into new technologies. Letarte was named SVP, innovation, for the Canadian life business in 2016.

"Now more than ever we are seeing dramatic changes in our industry," Mary Forrest, president and CEO of Munich Re, North America (Life and Health), commented. "It is a very exciting time to be part of this, and Munich Re is committed to being a leading player in the market. Our culture of innovation will be fast forwarded with the changes we are making to our executive team in Canada."

The other appointments within Munich Re North America’s executive team include Lloyd Milani, Marc-André Giguère, and Juan Serrano.

Milani has been appointed as chief risk officer of North America (Life and Health). In this role, Milani will continue to be responsible for enterprise risk management of life business in Canada and the US, with the added responsibility of the North American health insurance and reinsurance business.

Giguère was appointed SVP, inforce management, North America (Life and Health) in 2015. He leads and directs inforce management for life and health operations in both Canada and the US.

Serrano was appointed president and CEO of Munich Health, North America in 2015. He joins the combined life and health executive team to manage the North American health care business in insurance and reinsurance operations.

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