Global reinsurer Munich Re has announced that Marc-André Giguère is to replace Michael DeKoning as President and Chief Executive Officer (CEO) of Munich Re, US (Life and Health), effective January 1st, 2018.
The reinsurer announced that after ten years leading Munich Re US (Life), DeKoning has decided not to renew his contract. Under his leadership, the unit has experienced significant business transformation, and is well positioned in the U.S. marketplace.
In his new role leading the US Life and Health business, Giguère will be tasked with developing and executing business strategy and transformation. He joined Munich Re, Canada (Life) in 2015 as Senior Vice President, North America Inforce Management, before taking on the role of Executive Vice President of Reinsurance for Munich Re, US (Life) and President and CEO of Munich Re, US (Health) in July, 2017.
Mary Forrest, President and CEO of Munich Re, North America (Life and Health), said; “The pace of change in our industry is incredible. It is a very exciting time to be part of this, and the focus we have on innovation, technology transformation and data analytics will continue to position us as a leader in the market. With change comes new approaches and new ideas and the appointment of Marc-André Giguère as the leader of our US Life and Health business will bring new opportunities for business growth in this market.”
Dr. Thomas Blunck, Member of the Board of Management for Life and Health, Munich Re, added; “Marc-André Giguère is a highly respected member of the US Life and Health leadership team. Over the past two years, we have seen tremendous results through Giguère’s drive, creativity and business-focus. We are confident that his leadership will continue our development in the US and bring value to our clients.”
