Swiss Re announced the appointment of Andreas Berger as the Group Chief Executive Officer effective July 1. He is taking over from Christian Mumenthaler, who will step down.

Andreas Berger (57) joined Swiss Re in March 2019 as Chief Executive Officer Corporate Solutions and member of the Group Executive Committee. Before that, he held leadership positions at Boston Consulting Group, Gerling, and Allianz. In 2009, he was appointed Allianz Global Corporate & Specialty SE (AGCS) Chief Executive Officer, Regional Unit London. In 2011, he joined the AGCS Board of Management as Chief Regions & Market Officer (Central & Eastern Europe, Mediterranean, Africa and Asia). In addition, he assumed responsibility for the Global Broker Channel Distribution for the Allianz Group. He is Chairman of the International Insurance Society and board member of Advance, the Swiss initiative for gender equality in business. 

Jacques de Vaucleroy, Swiss Re's Vice Chairman of the Board of Directors, said: "The Board unanimously determined that Andreas Berger is the right person to build on the firm's current momentum and lead Swiss Re into the next phase of its development.”

Christian Mumenthaler said: "It has been a true privilege to serve and lead Swiss Re for so long. 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. 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."

Andreas 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.”