Reinsurance News

Munich Re names ex-Allianz Chairman Zimmerer to supervisory board

5th July 2017 - Author: Steve Evans

Global reinsurance firm Munich Re has appointed Maximilian Zimmerer, previously the Chairman of the Allianz board, to the Supervisory Board of Munich Re with effect from 4th July 2017.

Munich Re logo on a signZimmerer succeeds Peter Gruss, who resigned his seat on the Supervisory Board as of 30th June 2017, having been a Board member since April 2009.

Zimmerer was Chairman of the Board of Allianz Lebensversicherungs-AG from 2006 to 2012, and then took a position on the Board of Management of Allianz SE, where he was responsible for investment management and global life and health insurance.

Zimmerer left the Board of Management of Allianz SE on 31st December 2016.

Zimmerer has particular industry expertise in the areas of life insurance, health insurance and investments. Munich Re said of the appointment that this is one of “Germany’s highest profile insurance managers” being added to its Supervisory Board.

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The Supervisory Board will recommend that Zimmerer should serve on the Supervisory Board for the remainder of Gruss’s period in office.

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