Munich Re has appointed Christa Schwimmer (pictured above) as chief executive for its specialty reinsurance and Lloyd's and Bermuda operations, effective Jan. 1.
Schwimmer, a 23-year veteran of Munich Re, steps into the role after serving as senior executive manager for the Lloyd’s and Bermuda businesses.
In her previous position, Schwimmer managed over US$1 billion in premiums across multiple business lines. Her responsibilities included developing Munich Re’s property and casualty reinsurance, cyber insurance, and specialty offerings for clients operating in the Lloyd’s and Bermuda markets.
Schwimmer also held roles overseeing global accounts, corporate client management, and treaty underwriting for key markets such as Japan and India.
Reflecting on her new role, Schwimmer expressed enthusiasm for leading the North American agriculture business alongside Munich Re's global aviation, marine, and contingency teams.
She acknowledged the contributions of Patrice Michellon in transitioning leadership of the specialty reinsurance business, as well as the support from colleagues such as Dr. Tanja Dierkes, Lambert Muhr, Markus Spielmann, and Stefan Westner.
The appointment further integrates Schwimmer into the leadership team headed by Stefan Golling.
“This is an exciting opportunity to dive deeper into different areas of expertise bundled under Specialty Reinsurance | Munich Re such as the North American agriculture, as well as our global aviation, contingency and marine business,” she said. “I look forward to new insights from clients, partners and my colleagues in order to further develop our offerings.”
Recently, the global reinsurer also marked new financial targets for 2025, aiming for an IFRS net profit of €6 billion, driven by consistent operational performance across its business segments.
The group projects insurance revenue to reach €64 billion and return on investment to exceed 3% by 2025.
In the reinsurance sector, Munich Re also anticipates insurance revenue growth to €42 billion and a net profit of €5.1 billion in 2025.
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