Reinsurer Swiss Re has appointed Christian Mumenthaler as the group’s next chief executive officer (CEO). He will take up the post on 1 July 2016 and succeed Michel M. Liès, who will retire after more than 35 years with Swiss Re – the last four as Group CEO.
Mumenthaler has been with Swiss Re for 17 years. Since 2011 he has led the reinsurance business unit, which is responsible for about 85% of the group’s revenue. “Christian Mumenthaler has been key to P&C Re’s continued outperformance and to getting L&H Re back on track,” the group stated. His nomination as CEO “demonstrates both the depth of Swiss Re’s talent and the importance of maintaining Swiss Re’s distinctive culture.”