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Munich Re appoints chief financial officer

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Munich Re appoints chief financial officer

Munich Reinsurance Co. has named Christoph Jurecka to succeed Jörg Schneider, who will retire as chief financial officer and from the Munich Re board of management on Dec. 31, 2018, the company said in a statement Tuesday.

Mr. Schneider has served on the board for more than 18 years since joining Munich Re’s finance department in 1988 and being appointed to the board of management in 2000, the statement said. He has been Munich Re’s CFO since 2001.

Mr. Jurecka has been the CFO of ERGO Group A.G., Munich Re’s primary insurance subsidiary, since 2011, when he was appointed to the board of management of the ERGO Group, the statement said.

At the same time, Munich Re said it would reallocate responsibilities of its board of management, leading to larger divisions, but no changes in the composition of the board.

The special and financial risks division will be disbanded and its units that operate globally will be allocated to global clients North America, while those units with a European operational focus will be assigned to Europe and Latin America, the statement said.

Responsibility for reinsurance business in Germany will be reallocated from the Germany, Asia Pacific and Africa division to Europe and Latin America since they share the same regulatory environment and have similar business models, the statement said.

Peter Röder will continue to head the global clients North America division and Doris Höpke will assume responsibility for the expanded Europe and Latin America division while remaining labor relations director and in charge of human resources. Hermann Pohlchristoph will remain responsible for property/casualty reinsurance in Asia, the Pacific and Africa.

 

 

 

 

 

 

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