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Swiss Re, a reinsurance company based in Zürich, Switzerland, announced that it has appointed its new chief executive. The company said on Wednesday, April 3, that Andreas Berger is set to replace its long-serving boss in July.
Company Recovers from Difficult Year
According to Reuters, the leadership transition follows the company’s strong recovery after a difficult business in the previous year. The recent recovery helped bring Swiss Re’s stock up to the highest number in several years.
At any rate, Berger has a good track record in the industry; thus, he has been unanimously voted to be the company’s chief. He will replace the current CEO, who has been leaving after leading the firm for almost eight years.
Board’s Selection of New CEO
As Swiss Re's new chief executive officer, Andreas Berger is expected to bring his achievements, expertise, and strong leadership values to help the company succeed further in the business. The board selected him because he has demonstrated the strength, talent, and leadership qualities that the company is looking for. Meanwhile, Berger is set to take over the CEO role at Swiss Re on July 1. He will succeed Christian Mumenthaler.
"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,” Swiss Re’s vice chairman of the Board of Directors, Jacques de Vaucleroy, said in a press release. “After five years with Swiss Re, he looks back on a convincing track record, underscored by the successful turnaround of the Corporate Solutions Business Unit he has led.”
De Vaucleroy added that Andreas Berger “demonstrated a strong focus on execution while at the same time innovating the business with data analytics-based solutions.”
Finally, the new chief commented on his appointment, "I am honored by the Board's decision to appoint me to lead this great company. I am looking forward to working with all my colleagues on the Group Executive Committee, Swiss Re's employees, and the Board of Directors.”
Photo by: Swiss Re Website
