Global reinsurer Munich Re has appointed Tobias Frenz as the new CEO of its Singapore office.
According to the firm, Frenz will be responsible for overseeing Munich Re’s Non-Life and Life & Health Branch in its Singapore regional centre as well as its Life & Health Digital Solutions business in the region.
He will succeed James Park, who is leaving to pursue a new opportunity outside of Munich Re Group.
Daniel Cossette, chief executive for life & health in the Asia-Pacific and MENA regions at the reinsurance giant, said: “Tobias brings more than 20 years of leadership experience and deep reinsurance expertise to this role, along with a strong understanding of the transforming insurance industry in Asia Pacific.
“As CEO Singapore, he will be responsible for overseeing Munich Re’s long-term growth ambition in this important market, as well as our commitment to being a great employer that is dedicated to developing our diverse talent here. We would like to thank James Park for successfully leading the Branch over the past three years.”
Frenz has been with Munich Re for 20 years, having worked in Germany, the UAE, Malaysia and Singapore in various client management and senior leadership roles, including heading its Retakaful business. As Head of Digital Solutions, he oversees the development the Group’s life and health digital solutions, spanning AI and Predictive Analytics through to augmented automated underwriting and claims solutions. He took on that role in February last year.
In this expanded capacity, Frenz will continue to be based in Singapore, reporting to Cossette.