Munich Re bolsters US property and casualty executive board

Munich Re has appointed Jill Beggs, senior vice president and head of new strategic markets at Munich Reinsurance America, to its US property and casualty executive board.

In her new role, Beggs will take on broader responsibilities involving the company’s US innovation activities in both new and core businesses, as well as providing oversight for Munich Re’s new data hunting unit in Princeton, New Jersey, part of the company's global initiative to drive improvements in risk assessment and new business models.

Beggs will retain her current responsibilities as head of new strategic markets, a position she was appointed to in 2015. In this role, she oversees the incubator, which drives innovation efforts, including mobility, insurance on demand and other emerging risks, as well as the US innovation lab. Beggs also oversees cross platform development and marketing and communications.

Beggs joined Munich Reinsurance America in 2002 as a production underwriter. In 2009, she was appointed senior vice president and property underwriting manager with responsibility for treaty and facultative US broker-sourced business and direct national client accounts including property/casualty, per risk and proportional reinsurance. From 2011 to 2015, she served as head of specialty lines underwriting with oversight for ocean marine, surety, trade credit, and political risk reinsurance written in the United States.

As a member of the executive board, Beggs will share responsibility for setting vision, strategy and governance for Munich Re, US, reporting to president and chief executive officer Tony Kuczinski.

“As Munich Re, US continues to adapt our business model in a rapidly changing world, our ability to innovate is critical to our future success,” said Kuczinski. “Jill has been instrumental in bringing innovation to the forefront. She has added tremendous value to our organisation, working strategically to advance our own innovation efforts and to collaborate with our clients and customers to help them find new ways to meet the future needs of families, businesses and communities. We are pleased to have her join the Munich Re, US Executive Board, where she will contribute her energy and strategic vision as we continue to evolve.”

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