Munich Re's NewRe appoints new CUO to drive P&C growth

NewRe, a wholly-owned subsidiary of Munich Re, has appointed Dirk Herrenpoth as new chief underwriting officer (CUO) for the non-life business.

Herrenpoth succeeds Artur Klinger who has left NewRe after 12 years with the company to take on a new opportunity. Herrenpoth will take on property & Casualty responsibility.

Herrenpoth has more than 25 years' experience in the reinsurance industry. He has held a number of management functions during his nearly 20 years with the Munich Re Group. Most recently, he was based in London as head of Great Lakes UK branch in co-function with leading Munich Re’s facultative and corporate business in the UK.

NewRe said its strategy is to intensively collaborate with brokers on standard P&C reinsurance and develop customised reinsurance solutions. NewRe will continue to write significant lines of treaty excess of loss with a preference for natural perils and motor exposures with European cedents.

Renate Strasser, CEO of NewRe, said: “I am very pleased to welcome Dirk to the company. Having a CUO with the breadth and depth of Dirk’s industry experience is great news for NewRe. This, combined with his personal drive and motivation, will greatly support the achievement of our strategic plans and makes him an ideal leader for the Property & Casualty business.”

Herrenpoth commented: “I am really excited to be taking on profit responsibility for a significant reinsurance player. I look forward to joining the NewRe leadership team and building on the great foundation and growth potential the business clearly demonstrates.”