Munich Re Appoints New CFO for North American Life Business
TORONTO -- August 21, 2013
Munich Re, a global leader in reinsurance, today announced that Simon Curtis
will be joining as Chief Financial Officer for the North American Life
business. Mr. Curtis’ appointment is effective September 3^rd, 2013.
“Mr. Curtis is a well-known and respected leader within the actuarial
community and greater financial services sector,” said Mary Forrest, Head of
North American Life for Munich Re. “We welcome the expertise and deep industry
knowledge that he will bring to our organization and the resulting benefit
this will create for our clients.”
Mr. Curtis joins with more than 30 years of experience from a variety of roles
at Manulife and most recently Deloitte, where he was a Partner in their
Assurance & Advisory practice. In his new role as CFO, Mr. Curtis will be
responsible for providing oversight, best practices and harmonization of
financial practices for North America, as well as all financial aspects of
Munich Re Canada (Life).
Mr. Curtis’s appointment comes with the announcement that Doug Tozer will
retire in the spring of 2014 after more than 20 years as CFO and Appointed
Actuary in Canada.
“Munich Re is known for its strong technical talent and knowledge across all
lines of life and health insurance,” said Mr. Tozer. “The addition of Simon to
the role of North American CFO underscores our commitment to providing
innovative solutions and the best technical expertise in the Life Reinsurance
industry.” Mr. Tozer will remain a key member of the Canadian Executive team
through to his retirement.
In Canada, Munich Re (Life Branch) is a market leader in life and health
reinsurance with premiums volumes of CDN $10 billion, and assets of $6
billion. The branch operates from offices in Toronto and Montreal.
In the US, Munich Re operates as Munich American Reassurance Company, based
out of Atlanta, GA, with premium volumes of USD $2 billion and assets of $8
Note for the editorial staff:
For further questions please contact
Media Relations Toronto, Shawn Elliott
Tel.: +1 (416) 359-8015
About Munich Re
Munich Re stands for exceptional solution-based expertise, consistent risk
management, financial stability and client proximity. This is how Munich Re
creates value for clients, shareholders and staff. In the financial year 2012,
the Group – which combines primary insurance and reinsurance under one roof –
achieved a profit of €3.2bn on premium income of around €52bn. It operates in
all lines of insurance, with around 45,000 employees throughout the world.
With premium income of around €28bn from reinsurance alone, it is one of the
world’s leading reinsurers. Especially when clients require solutions for
complex risks, Munich Re is a much sought-after risk carrier. Its primary
insurance operations are concentrated mainly in the ERGO Insurance Group, one
of the major insurance groups in Germany and Europe. ERGO is represented in
over 30 countries worldwide and offers a comprehensive range of insurances,
provision products and services. In 2012, ERGO posted premium income of €19bn.
In international healthcare business, Munich Re pools its insurance and
reinsurance operations, as well as related services, under the Munich Health
brand. Munich Re’s global investments amounting to €214bn are managed by MEAG,
which also makes its competence available to private and institutional
investors outside the Group.
This press release contains forward-looking statements that are based on
current assumptions and forecasts of the management of Munich Re. Known and
unknown risks, uncertainties and other factors could lead to material
differences between the forward-looking statements given here and the actual
development, in particular the results, financial situation and performance of
our Company. The Company assumes no liability to update these forward-looking
statements or to conform them to future events or developments.
Shawn Elliott, +1-416-359-8015
Media Relations Toronto
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