Swiss Re Announces Leadership Transition with New Group CEO

Swiss Re, a global leader in reinsurance and insurance services, has appointed Andreas Berger as its new Group CEO, set to begin his role on 1 July 2024. Berger succeeds Christian Mumenthaler, who is stepping down after an illustrious eight-year tenure as CEO and a total of 25 years at Swiss Re. This significant leadership shift comes at a time when the company is poised for its next developmental phase, with Berger having demonstrated a robust ability to drive business innovation through data analytics and effectuate a successful turnaround of the Corporate Solutions Business Unit.

Jacques de Vaucleroy, Swiss Re's Vice Chairman, highlighted Berger's proven leadership and his instrumental role in the positive development of the company’s portfolio. He praised Mumenthaler for navigating Swiss Re through challenging periods, including heightened natural catastrophe activity, low interest rates, and the COVID-19 pandemic, while significantly increasing the company's premium earnings and capitalisation. Mumenthaler expressed pride in his tenure and confidence in Berger as his successor.

Andreas Berger expressed his honor in taking over the reins of Swiss Re, emphasizing the company's strong global client franchise and his commitment to advancing its mission. The transition marks a new chapter for Swiss Re, with a focus on sustaining its growth trajectory and leveraging its robust market position to meet future challenges and opportunities.