Munich Re to add two women to currently all-male board

(Reuters) — Munich Re on Thursday announced that it would appoint two women to its currently all-male management board and a change in the person who will oversee the company’s reinsurance business.

It marks the biggest shake-up of the board in at least the last decade, and it comes at a time when the European insurance industry faces soaring inflation, low economic growth and an energy crisis.

Clarisse Kopff, joining from Allianz,  will join the board to oversee the Europe and Latin America non-life division, and Mari-Lizette Malherbe will oversee the life and health division.

Thomas Blunck will take over oversight of reinsurance, succeeding Torsten Jeworrek, who is stepping down at the end of the year.