Swiss reinsurance company Swiss Re Ltd announced on Wednesday that it has appointed Andreas Berger as group chief executive officer, starting from July 1.
He succeeds Christian Mumenthaler, who will step down from the role after eight years as Group chief executive and 25 years with Swiss Re.
Berger, who is currently chief executive of corporate solutions, will step down from that role at the same time. Swiss Re has initiated the selection process for Berger's successor.
Mumenthaler joined Swiss Re in 1999. During Mumenthaler's eight-year tenure as chief executive, Swiss Re's premiums earned and fee income grew from around $30 billion in 2015 to $45 billion in 2023.
Berger, aged 57, joined Swiss Re in March 2019 as chief executive corporate solutions and member of the group executive committee.
Before that, he held leadership positions at Boston Consulting Group, Gerling, and Allianz.
Jacques de Vaucleroy, Swiss Re's vice chairman of the board of directors, said: "The board unanimously determined that Andreas Berger is the right person to build on the firm's current momentum and lead Swiss Re into the next phase of its development.
"After five years with Swiss Re, he looks back on a convincing track record, underscored by the successful turnaround of the Corporate Solutions Business Unit he has led.
"He has demonstrated a strong focus on execution while at the same time innovating the business with data analytics-based solutions."