Munich Re subsidiary NewRe appoints new CUO to drive P&C growth

NewRe, a wholly owned subsidiary of Munich Re, has appointed Artur Klinger as new chief underwriting officer for the property and casualty business.

Klinger succeeds Jean-Luc Bourgault who held the position for 17 years. Until he retires at the end of 2019, Bourgault will continue to serve the company as senior consultant.

Klinger was most recently managing director of Capital Partners in Zurich, responsible for the group’s global prospective reinsurance structuring teams. From 2008 until 2015, Klinger was instrumental in establishing NewRe as a European market player for structured reinsurance, according to a corporate statement.

Renate Strasser, CEO of NewRe, said: “I am delighted that we have not only secured a successor whose business acumen is impressive but also brings along deep knowledge of the NewRe portfolio and the core markets and products we focus on.”

Klinger commented: “I am very pleased to be taking on profit responsibility for a significant reinsurance player. I am looking forward to bringing my analytical and global business development experience to the table to shape NewRe’s future P&C portfolio.”

NewRe said Klinger's appointment is part of the firm’s strategy to create intense collaboration with brokers on standard P&C reinsurance and reinforces its advanced transaction capabilities to develop customised reinsurance solutions.

NewRe will continue to write significant lines of treaty excess of loss with a preference for natural perils and motor exposures. The reinsurer foresees further growth in public schemes and in defined casualty classes.

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