26 January 2023Insurance

Swiss Re veteran and group CUO leaves with immediate effect for rival

Global reinsurer  Swiss Re’s group chief underwriting officer and a company veteran of 25-years is stepping down as member of the group executive committee and from the role with immediate effect to pursue a role outside the company.

Thierry Léger (pictured) is stepping down as group CUO of Swiss Re. The company’s group chief executive officer Christian Mumenthaler will take over Léger's responsibilities on an interim basis.

Léger joined Swiss Re as an engineering underwriter in 1997, and went on to hold numerous positions of increasing responsibility, including for Swiss Re’s largest clients, ultimately becoming the head of its globals division in 2010 and a member of the then existing Group Management Board. In 2013, he became head of life & health products reinsurance. He was appointed chief executive officer Life Capital and member of the Group Executive Committee in January 2016.

Léger assumed the role of group chief underwriting officer in September 2020.

Mumenthaler said: "Over the past 25 years with Swiss Re, Thierry made great contributions to many parts of our business, from Reinsurance to former Life Capital Business Unit, to Group Underwriting. Since his appointment as Group CUO in 2020, he has successfully evolved our underwriting capabilities through utilising cutting-edge research, access to more and better data and analytics.

“On behalf of the entire Group Executive Committee, I would like to thank Thierry for his dedication and commitment to Swiss Re and wish him all the success for the future."

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