Munich Re has announced Andrew Rear as its new chief executive responsible for UK, Irish, African and Australian life reinsurance markets.
Rear will also become chairman of Ellipse, Munich Re's group risk operation and underwriting software supplier Allfinanz . The incumbent, Jonathan Ludbrook, is to retire after almost 29 years with the reinsurer. Rear currently leads the EMEA insurance practice at consultants Oliver Wyman, and is a UK actuary. He begins his new role at Munich Re in November 2010 and, after a handover, will assume overall responsibility towards the end of the year. Munich Re board member Dr Joachim Wenning says: "Andrew brings with him a wealth of experience in areas such as pricing, risk managemen...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes