Global reinsurer Munich Re has announced the appointment of Michael Correa as President and CEO of its Canada (Life) business, effective September 1, 2026.
The executive is succeeding Bernard Naumann, who has been appointed to lead Munich Re’s Life & Health business in Europe and Latin America beginning January 1, 2027.
In his new position, based in Toronto, Correa will be responsible for the Life business in Canada and the Caribbean, and will be reporting to Mari-Lizette Malherbe, Member of the Board of Management.
Malherbe commented: “Mike’s appointment reflects both his strong track record of delivering profitable growth and the respect he has earned from clients and colleagues across the industry.
“Since joining Munich Re, he has been instrumental in strengthening our position in the Canadian market and expanding into new areas of opportunity. I am confident that, under his leadership, our Life business in Canada and the Caribbean will continue to build on this momentum.”
She added: “At the same time, I would like to thank Bernard Naumann for his outstanding leadership and significant contributions to the Group. His appointment to lead our Life & Health business in Europe and Latin America speaks to the strength of our global leadership team.”
Correa, who currently serves as Senior Vice President, Reinsurance Solutions for Munich Re, Canada (Life), added: “I am honoured to take on this role and to lead the Canada (Life) business at such an important time.
“Munich Re has built a strong foundation in this market, and I look forward to working with our clients and teams to build on that momentum—continuing to deliver innovative solutions, disciplined growth, and long-term value.”
