Munich Reinsurance America has appointed Steven Levy as president of the reinsurance division. Levy replaces Pina Albo, who will join Munich Re’s board of management in October.
Levy has served as Munich Re America’s chief financial officer (CFO) since 2003, and also has responsibility for enterprise risk management, information technology and procurement. A new CFO had not yet been named.
Levy will continue to report to Tony Kuczinski, Munich Re America president and chief executive officer.
Prior to becoming CFO of Munich Re America in 2003, Levy was president of the company’s credit & surety division. He joined the company in October 1997 as vice president in the financial products division.
Kuczinski said: “I am confident Steve’s financial background, proven leadership skills and strategic focus make him the right person to lead the division through current reinsurance market challenges, and to position the division for future success.”
Peter Röder, member of the Munich Re board of management responsible for North America, said: “The US reinsurance market, one of the largest and most important for the Munich Re group, is going through a period of transition. It therefore gives me great confidence to have someone of Steve’s calibre in this role.”
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Munich Re America, Steven Levy, North America, Tony Kuczinski, Pina Albo