Insurance

Swiss Re Announces Leadership Transition: Andreas Berger to Succeed Christian Mumenthaler as CEO

Swiss Re is set to experience a change in its leadership this summer. After eight years at the helm and a total of 25 years with the company, CEO Christian Mumenthaler will be stepping down. Andreas Berger, who previously held the role of CEO of Corporate Solutions, is slated to assume the position of Group CEO at Swiss Re starting in July.

Berger, who joined Swiss Re in March 2019, has an extensive background in management, having worked with notable organizations like Boston Consulting Group, Gerling, and Allianz, where he notably led the London branch of Allianz Global Corporate & Specialty SE and was a key figure in managing the global broker channel distribution for the Allianz Group.

This leadership transition comes as Swiss Re embarks on a new development phase. The Board of Directors expresses confidence in Berger as the ideal candidate to continue the company's current positive trajectory and guide it through its upcoming development stage. Jacques de Vaucleroy, Vice Chairman of the Board of Directors, praised Mumenthaler's leadership, highlighting his navigation of the company through challenging times, including increased natural disaster occurrences, a prolonged period of low-interest rates, and the Covid-19 pandemic. Under Mumenthaler's guidance, Swiss Re saw its net premiums and fee income grow from approximately USD 30 billion to USD 45 billion in 2023, alongside a significant enhancement in the company's capitalization.