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Munich Re Canada (Life and Health) has chosen a new member for its senior leadership team.
The company has tapped Rebecca Rycroft to serve as senior vice-president and chief financial officer for the business.
Rycroft has 18 years of experience in international actuarial consulting. She was most recently a senior principal at Oliver Wyman, where she served as the appointed actuary of a number of life insurers.
In addition, she is a fellow of both the Society of Actuaries (SOA) and the Canadian Institute of Actuaries (CIA), and is a member of the American Academy of Actuaries (AAA). Rycroft has also participated in and chaired several working groups and boards, such as the Canadian Actuarial Standards Board and their IFRS working group, the CIA Committee on Life Insurance Financial Reporting (CLIFR), and the Canadian Life and Health Insurance Association (CLHIA) LICAT working group.
“Rebecca is well-known within the insurance sector for her energetic leadership, her actuarial expertise, and her commitment to deliver,” said Munich Re Canada (Life and Health) president and CEO Bernard Naumann. “Under her guidance, the role of chief financial officer will play a greater part in helping our clients navigate the changing regulatory space and grow their business.”
“Munich Re is known for its strong technical knowledge and approach across all lines of life and health insurance in Canada and the US,” added Munich Re North America (Life and Health) president and CEO Mary Forrest. “I am confident that Rebecca's expertise is a strong addition to the life senior leadership team. Her breadth of experience will enable us to continue providing innovative solutions and the best technical expertise in the industry.”
“I am excited to be joining Munich Re and having the opportunity to work with their Canadian team and clients,” commented Rycroft. “With the changes coming to the insurance industry, there will be many new challenges and opportunities to explore. I look forward to my role in helping to navigate this new environment.”
