16 December 2022Insurance

Top Munich Re officer to exit after 33 years amid shake up, won’t be replaced

Munich Re’s latest  restructuring will see its top US official, responsible for its property and casualty reinsurance and specialty insurance businesses, step down after more than three decades and transition into a strategic advisory role “agreed” with the reinsurer. He will not be replaced.

Munich Reinsurance America, a subsidiary of Munich Re, has said that Anthony Kuczinski (Pictured) will retire as chief executive officer of Munich Re US P&C Companies and of Munich Re US Holding, effective December 31, 2022, with an agreed change in role to strategic advisor effective January 1 to ensure a smooth transition in 2023.

There will be no direct successor to Kuczinski, Munich Re confirmed in a statement. Rather, his retirement will be accompanied by an organisational restructuring. Significant parts of his area of responsibility will be transferred to the newly formed board of management division Global Specialty Insurance (GSI).

GSI will be headed by Michael Kerner, currently chief executive officer of Munich Re Specialty Insurance in North America, who was newly appointed to Munich Re’s board of management by the Supervisory Board effective January 1, 2023. Munich Reinsurance America, led by its CEO and president Marcus Winter, will report as a unit to Stefan Golling, responsible for global clients and North America in Munich Re’s board of management.

Since 2008, Kuczinski has been responsible for Munich Re US P&C Companies, which includes Munich Reinsurance America, Hartford Steam Boiler Group, American Modern Insurance Group, and Munich Re Specialty Insurance.

During his 33-year tenure at Munich Re, Kuczinski has held a variety of key leadership positions, including president of the Specialty Markets division of Munich Reinsurance America and president of American Alternative Insurance Corporation and The Princeton Excess and Surplus Lines Insurance Company. He also served as project leader of Munich Re’s US Strategy Project, where he was an “architect of the group’s strategy for long-term profitable growth in the US.”

“For more than three decades, Tony’s passion for our business and commitment to our clients and partners have been instrumental in the success of not only our US operations, but also our global organisation,” said Golling. “Throughout his career, Tony has led with empathy and integrity, and we thank him for his countless contributions to Munich Re.”

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