5 February 2019

Munich Re America revamps leadership team in innovation push

Munich Re America, Munich Re's US property and casualty reinsurance subsidiary, has revealed several newly created senior positions and the realignment of its executive leadership team for its reinsurance division.

“The new positions and realigned US Reinsurance Division executive leadership team reflect a flatter underwriting structure and a greater focus on our innovation efforts," said Steve Levy, chief executive officer and president of the reinsurance division "This will further enhance our ability to deliver products and services to meet the evolving needs of our clients. It will also result in more nimble leadership and enable us to respond more quickly and effectively to a rapidly changing market environment.”

The company said underwriting responsibility will now be shared among several leaders who will also serve as members of the reinsurance division executive leadership team from February 1.

Gerry Skalka has been appointed head of casualty underwriting, and Martin Neuhaus as head of specialty lines and facultative underwriting, including professional liability/cyber, credit and surety and marine.

Tim Brockett has been appointed head of innovation and strategic products. Mike Quigley was named head of property underwriting in November 2018.

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6 February 2019   Munich Re’s CFO said 2018 had been positive for the company’s life and health reinsurance and for ERGO, which both beat their profit guidance for the year, as the firm published its year end results.