The supervisory board of Deutsche Rückversicherung AG has announced the appointment of Achim Bosch (pictured above) as chief executive officer, effective July 1, 2025. Bosch will succeed Frank Schaar, who is set to retire at the end of June 2025.
Schaar has led Deutsche Rück since February 2018 and will continue to oversee operations for the next several months to ensure a smooth transition to the new management team.
Bosch joined Deutsche Rück in January 2019 as chief underwriting officer and is currently responsible for the company’s nonlife international division. Before joining Deutsche Rück, Bosch spent more than two decades at General Reinsurance AG, where he held several leadership positions, including regional manager for the nonlife business in Germany, Austria, Switzerland, the Netherlands, and Central and Eastern Europe.
He was appointed to General Re’s board of executive directors in 2008. Bosch began his career at Concordia Versicherungen in 1991 as an actuarial consultant in motor business.
Deutsche Rück’s decision follows its ongoing efforts to expand its international footprint. In September 2023, the company added life reinsurance services in the Middle East and North Africa as part of a broader strategy to grow its business beyond Europe.
Bosch holds a degree in statistics from TU Dortmund University and brings over 30 years of industry experience to his new role. His leadership is expected to support Deutsche Rück's strategic objectives and international growth initiatives as the company enters a new phase under his guidance.
"The supervisory board arranged the succession to the board of management of Deutsche Re at an early stage,” board chairman Prof. Dr. Frank Walthes said in a news release. “We look forward to continuing our very good cooperation with Achim Bosch, whom we have come to know as a successful and excellently networked manager with outstanding professional and leadership skills.”
"With Achim Bosch, Caren Büning and Michael Rohde, the board of management is well positioned to further strengthen Deutsche Re's central role in its home market and to continue the internationalization strategy initiated by Frank Schaar in the long term," Walthes said.
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