Steven Levy named president of Munich Re America's reinsurance unit

Steven Levy has been named president of the reinsurance division of Munich Reinsurance America Inc., effective Oct. 1, the reinsurer said Thursday.

Mr. Levy has served as Princeton, New Jersey-based Munich Re America's chief financial officer since 2003, with additional responsibility for enterprise risk management, information technology and procurement. He will continue to report to Munich Re America President and CEO Tony Kuczinski.

Mr. Levy replaces Pina Albo, who will join Munich Re's management board in October. A new CFO has not yet been named, the company said in a statement.

“I am confident Steve's financial background, proven leadership skills and strategic focus make him the right person to lead the division through current reinsurance market challenges and to position the division for future success,” said Mr. Kuczinski in the statement.

Prior to becoming CFO of Munich Re America in 2003, Mr. Levy was president of the company's credit and surety division.

He is based where in Princeton.