Munich Re US creates new key role in innovation strategy

Munich Re has appointed Jean Vernor as head of incubator, new strategic markets, for Munich Reinsurance America.

In her newly created position, Vernor will oversee the innovation lab and business domains focusing on emerging risks. She will also be responsible for driving the execution and launch of innovative new business opportunities, including those that don’t currently exist within established corporate business models or strategies. Vernor will report to Jill Beggs, head of new strategic markets, Munich Reinsurance America.

Vernor was most recently senior vice president, innovation hub and direct at MetLife responsible for product management, underwriting, strategy, operations, distribution, and profit and loss in the direct-to-consumer market, as well as leading strategic pilots for the US business.

Previously, she held a variety of positions including chief executive officer of a mid-sized company; senior vice president for marketing, product development and sales for the membership division of a start-up credit card company in the US; and division head at General Electric (GE) where she led a successful transformation and growth in new business, fueled by product innovation and technology.

“Jean’s forward thinking mindset and openness to new ways of working in today’s rapidly evolving digital landscape will complement Munich Re’s strategic focus on innovation,” said Beggs. “As an intrapreneur and business leader, she brings extensive experience in business transformation and growth. Her knowledge, expertise and creativity will make her a strong contributor to our team.”

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