The U.S branch of global reinsurance firm Munich Re has appointed Michael Kerner as Chief Executive Officer for Munich Re Specialty Insurance, a new commercial insurance unit in North America.
Reporting to Tony Kuczinski, President and CEO, Munich Re, U.S, Kerner will have oversight for uniting several Munich Re Group business units under the new primary specialty commercial insurance umbrella.
“We are pleased to welcome Mike, an insurance industry veteran, to this new leadership role,” said Kuczinski.
“His deep insurance industry expertise and experience managing multiple functional areas in a global organization are important assets that will help unify and grow our primary specialty commercial insurance business.”
“Munich Re Specialty Insurance will complement American Modern, Hartford Steam Boiler and other parts of the Munich Re family in the U.S.“
Kerner brings more than 30 years’ experience in the global re/insurance market. For the past two years, he served as Executive Vice President, Risk Management and Strategy at Everest Re.
Prior to that, he spent 23 years at Zurich Insurance Company in a variety of senior executive roles, including CEO of General Insurance, CEO of Global Corporate North America, Global CUO, Global Head of Group Reinsurance, and COO of North America Specialties.
Peter Roeder, Chairman of Munich Re America and Board Member of Munich Re, added, “Munich Re Specialty Insurance will unite the expertise of our multiple commercial specialty insurance divisions.
“I am convinced that the new unit will become an important and profitable part of Munich Re in the U.S. Mike Kerner is the ideal candidate to successfully lead Munich Re Specialty Insurance, and I am happy to have him on board.”
Commenting on his appointment, Kerner said, “I’m very excited to join Munich Re and help fulfill the company’s vision of better serving our clients and brokers and becoming a more capable and relevant participant in the North American specialty commercial insurance market.”