Swiss Re CEO steps down, successor named

Swiss Re has introduced a serious management change with Andreas Berger (pictured) set to imagine the function 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’m honored by the board’s determination to nominate me to guide this nice firm,” Berger stated.

Berger additionally emphasised his dedication to strengthening Swiss Re’s world shopper 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 may 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 determination for the “proper particular person” to construct on the corporate’s momentum.

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

“He has demonstrated a powerful concentrate on execution whereas on the identical time innovating the enterprise with information analytics-based options,” de Vaucleroy stated.

Reflecting on Mumenthaler’s management, de Vaucleroy highlighted his work in steering the corporate by 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, now’s the proper second for CEO succession,” de Vaucleroy stated.

“Christian is an extremely devoted, passionate, and intellectually sturdy chief who has made an influence, additionally past Swiss Re. On behalf of the board, I wish to categorical gratitude and appreciation for his sturdy dedication and his contributions to the success of the agency. We want him all the very best.”

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 thus lengthy,” Mumenthaler stated. “I’m immensely grateful for the expertise and for the progress the whole firm has made throughout this time, rallying a lot excellent expertise behind a significant objective. 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 incredible that we appoint one among my colleagues to succeed me. With Andreas, Swiss Re will probably be in good palms.”

What are your ideas on this story? Please be at liberty to share your feedback beneath.