A new CEO has been hired for reinsurance firm Swiss Re’s Corporate Solutions division, as current Chief Executive Agostino Galvagni has decided to step down from the position at the end of 2018.
Galvagni is set to leave Swiss Re and the company is replacing him with Andreas Berger, who it has hired from his current role as Chief Regions & Markets Officer and Member of the Board of Management of Allianz Global Corporate & Specialty SE.
Berger is to be appointed CEO of Swiss Re Corporate Solutions and will become a member of the Group Executive Committee with effect from 1 April 2019. Galvagni is set to remain available as an advisor to Swiss Re during the transition period.
Berger joins Swiss Re with over 20 years of experience in the insurance industry. In his most recent role at Allianz he had a focus on growing the business in the regions of Germany and Central & Eastern Europe, Mediterranean and Africa. Before that, Berger held various leadership positions at Allianz Group, including Chief Executive Officer, Regional Unit London, from 2009-2011 and Global Head of Market Management & Communication from 2006- 2009.
Galvagni had worked at Swiss Re for over 30 years. He became CEO Corporate Solutions in October 2010 and has been instrumental in growing Swiss Re’s commercial insurance business globally.
Swiss Re Chairman, Walter B. Kielholz, commented on the changes, “We regret Agostino Galvagni’s decision to step down, and I would like to thank him on behalf of the Swiss Re Board of Directors for his substantial contribution to Swiss Re throughout the years. Under his leadership, Corporate Solutions has grown significantly and evolved into a fully-fledged commercial insurer with global presence. Thanks to its recent entrance into the primary lead market-segment, Corporate Solutions is also ideally placed for further growth. We will miss Agostino’s experience and drive and wish him all the best for the future.”
Walter B. Kielholz continued, “With Andreas Berger’s appointment, we are pleased to have attracted a very capable candidate with a strong track record in the insurance industry to continue leading our Corporate Solutions’ business and further improve its international business capabilities.”