Reinsurance giant Swiss Re has appointed Monica Ningen as CEO of US P&C Reinsurance, with Jolee Crosby set to take over Ningen’s former role as President & CEO of Swiss Re Canada & English Caribbean.
As the new head of US P&C, Ningen will lead a team of client managers, claims experts and underwriters while maintaining Swiss Re’s position as a trusted partner in its largest market.
Ningen has almost three decades of experience in the re/insurance industry, starting her career at the broker, E.W. Blanch.
In 2000, she joined GE Insurance Solutions, serving for over five years, chiefly as catastrophe risk management leader.
In this role, Ningen led a large-scale repositioning of the organisational structure, process and IT systems.
She also created and executed a comprehensive strategy that drove employee engagement and a high-performance culture, and headed the loss estimation for the 2004 and 2005 hurricanes.
Ningen became part of Swiss Re in 2006 when the reinsurer acquired GE Insurance Solutions.
Since then, she has held several leadership roles in Property Underwriting, including Head of Property Underwriting US & Canada.
Swiss Re states that she is well positioned for the role having spent five years successfully leading its operations in Canada and the English Caribbean.
Meanwhile, Crosby, who takes on the role of Swiss Re’s President & CEO of P&C and L&H businesses in Canada and the English Caribbean regions, has over twenty-five years of international experience in the re/insurance industry.
Crosby joined Swiss Re in 1998 after three years as an associate attorney at Harris, McCausland & Schmitt.
She has held leadership positions in both the Property and Casualty and Life and Health businesses, most recently heading the global L&H Underwriting and Medical Reimbursement team.
In the new role, she will oversee teams managing claims, underwriting and client and broker relationships.
The transitions are set to take effect on July 1, 2023, with both roles being subject to regulatory approval. Until July 1 Ningen will continue in her current role to ensure a smooth transition for clients.
