Munich Re has appointed Gavin Maistry as Chief Executive for Life and Health (L&H) Asia Pacific, Middle East and Africa (APAC MEA), succeeding Daniel Cossette, who will retire in the second half of 2026 after 19 years with the firm.
Maistry is currently Global Chief Actuary, L&H at Munich Re. Before this, he was Regional Chief Risk Officer and Deputy CEO of L&H APAC MEA.
He has been with Munich Re since 2008 and has more than 30 years of experience in the reinsurance and insurance industry.
In his new role, Maistry will reportedly oversee 600 professionals across 16 branches and representative offices, serving over 600 clients in APAC MEA.
In addition, Munich Re said that Maistry will provide strategic direction for four non-reinsurance divisions (MedNet, Munich Re Automation Solutions, Munich Re HealthTech and Munich Re Digital Solutions Beijing) with around 1100 employees in 16 countries.
Speaking highly of outgoing Cossette, Munich Re observed that under his leadership, the Asia Pacific, Middle East and Africa region has demonstrated significant growth and reliable profit contributions to the global L&H organisation.
“He established the regional centre in Singapore, launched the Financially Motivated Reinsurance business, expanded the High Net Worth segment from Singapore, and introduced an interlocked business model combining reinsurance, digital solutions and Third-Party Administration services via MedNet in the Middle East,” the reinsurer added.
To respond to the digital transformation of the industry, Cossette is also said to have strengthened innovation and digital capabilities, overseeing the software companies Munich Re HealthTech and Munich Re Automation Solutions, and establishing Munich Re Digital Solutions in APAC.
“With a keen eye on market sentiments, growth opportunities, technological developments and operational optimisation, Daniel propelled the business forward to meet the evolving needs of the dynamic and diverse markets in the region. We are deeply appreciative of his dedication and leadership achievements which will serve as an enduring source of inspiration,” said Mari-Lizette Malherbe, Member of the Board of Management, Munich Re.
She continued, “Our markets in Asia, Australia, Middle East and Africa play a crucial role when it comes to delivering on Munich Re’s overall growth targets for the Life and Health reinsurance business.
“With his vast experience, Gavin is highly qualified to drive our ambitions in the full spectrum of Life and Health reinsurance, including traditional and financial reinsurance, longevity solutions, and strategic transactions.”
Maistry added, “Finding the best solution for our clients is and will continue to be the driving force of our Life and Health business in the region. We want to continue to grow our portfolio in APAC MEA. I am thrilled to lead a team that is based on competence, entrepreneurial thinking and an innovative mindset.”
