Munich Re US president and CEO to step down; successor revealed

Munich Reinsurance America's president and chief executive officer (CEO) M. Steven Levy will step down with effect from April 1, after 23 years with the company.

During his 23-year tenure at Munich Re US, Levy has held a variety of key leadership positions, including president of the credit & surety division and chief financial officer. He has served as president and CEO of Munich Re US since 2014 and as a member of the Munich Re US P&C executive board since 2008.

He will be succeeded by the current head of reinsurance development, Marcus Winter, who will be based in Princeton, New Jersey and report to Anthony Kuczinski, chief executive officer of Munich Re US Holding.

Since 2002, Winter has held several roles within the reinsurer, including head of CU cross lines based in Munich, and general manager, non-life, Munich Re, Australia, based in Sydney.

Kuczinski said: “For over two decades, Steve has played an integral role in shaping numerous aspects of our organization, and we thank him for his many contributions to Munich Re US. Steve tackled the challenges of each of his positions with strength, energy and passion, and maintained an unwavering commitment to our clients and partners.”

He added: “With his extensive expertise in reinsurance, underwriting, innovation management and data analytics, Marcus brings a wealth of experience to Munich Re US, and we’re pleased to welcome him to the US P&C team.”