Swiss Re announces new chief executive

Swiss Re has announced that Andreas Berger will become its new group chief executive.

Berger will succeed Christian Mumenthaler, with him taking up the role on 1 July 2024.

Berger joined the reinsurer, which has operations on the UK, in March 2019 as chief executive of corporate solutions.

Before that, he held leadership positions at Boston Consulting Group, Gerling and Allianz.

Speaking about his appointment, Berger said: ”Swiss Re has an outstanding global client franchise across reinsurance and corporate solutions, underpinned by the incredibly strong Swiss Re brand and capital position.

“I’m looking forward to working with all my colleagues on the group executive committee, Swiss Re’s employees and the board of directors to further strengthen this franchise and serve Swiss Re’s clients to achieve their goals.”

Mumenthaler 

Meanwhile, Mumenthaler said it was a “true privilege to serve and lead Swiss Re for so long”.

He joined Swiss Re in 1999 and between 2005 and 2007, he served as group chief risk officer and was head of life and health between 2007 and 2010.

In July 2016, he was appointed group chief executive.

“I am immensely thankful for the experience and for the progress the entire company has made during this time, rallying so much outstanding talent behind a meaningful purpose,” Mumenthaler said.

“I am pleased to be handing over the helm when the company has been able to deliver on its promises. I feel now is the right moment for me to move on. It is fantastic that we appoint one of my colleagues to succeed me. With Andreas, Swiss Re will be in good hands.”