Munich Re has announced the appointment of Bernard Naumann to President and Chief Executive Officer (CEO) of the reinsurer’s Canada (Life) division as well as additional changes to its North America team leadership.
In his new role, Naumann will develop the Canadian reinsurance business strategy for Canada and the Caribbean.
He previously worked as Senior Vice President of Individual Reinsurance in 2007, before being appointed to Senior Vice President of Reinsurance, overseeing all business lines in 2016.
Mary Forrest, President and CEO of Munich Re, North America (Life and Health), said; “Now more than ever we are seeing dramatic changes in our industry. It is a very exciting time to be part of this, and Munich Re is committed to being a leading player in the market. Our culture of innovation will be fast forwarded with the changes we are making to our executive team in Canada.”
Richard Letarte has been appointed to President and CEO of Munich Re’s New Ventures, where he’s set to lead innovation initiatives to invest in new technologies and develop new products and services.
In 2016, Letarte acted as Senior Vice President of Innovation for the Canadian Life business.
Other appointments within the North America executive team include Lloyd Milani – appointed to Chief Risk Officer (CRO), where he’ll be responsible for enterprise risk management and the North American Health insurance and reinsurance business.