A Munich Re subsidiary has a new chief executive officer. Guy Carpenter & Co. hired an executive to fill a leadership position involving property/casualty products and services in the U.K.
Munich Re wholly-owned subsidiary New Reinsurance Co. Ltd., appointed Thomas Braune as its new chief executive officer.
Braune will assume his new role on Oct. 1, 2020, succeeding Renate Strasser who, after 16 years with Munich Re, has decided to take a new position outside of the group.
Braune, a highly experienced reinsurance expert, as more than 25 years of industry experience. Since joining Munich Re in 1992, he has held many management roles, most recently running Munich Re’s life and health reinsurance business in Europe, Latin America and the Middle East.
NewRe said its strategy remains unchanged and strongly embedded in intensive collaboration with brokers on standard P/C reinsurance in combination with developing customized reinsurance solutions for clients. Going forward, NewRe will continue to write significant lines of treaty excess of loss with a preference for natural perils and motor exposures with European cedents, the company said.
New Reinsurance Co. Ltd. is a Swiss reinsurer founded in Zurich in 1926. It became part of Munich Re Group in 1988.
Guy Carpenter & Company hired Paul Miller to lead Guy Carpenter‘s Property Catastrophe value proposition for UK, Global Specialties and key global clients.
Miller will be responsible for ensuring the delivery of products and services to clients and prospects working across Guy Carpenter‘s UK and Global Specialties property catastrophe broking, analytics and advisory platforms. Additionally, he will work with broking and analytics teams to provide his expertise on key global accounts. Miller will report to Kevin Fisher, Chairman of Guy Carpenter UK.
Miller has over 30 years of experience in the insurance and reinsurance industry working in the UK and the Netherlands. He joins Guy Carpenter from Aon where he was most recently Head of International Catastrophe Management. Miller started his career as an underwriting assistant at Lennox Underwriting before moving into the analytics space as a Catastrophe Model Developer at Greig Fester and joining Aon in 1995.
Sources: Munich Re, Guy Carpenter