Munich Re Reorganizes Business Units; CFO Successor Named
CFO Jörg Schneider to hand over to Christoph Jurecka at the end of 2018
Munich Re CFO Jörg Schneider in December 2018 will retire from Munich Re after more than 18 years on the Board. His successor Christoph Jurecka is 43 years old and comes from ERGO Group AG, Munich Re’s primary insurance subsidiary, where he served as CFO.
Christoph Jurecka studied technical physics at the Technical University (TU) in Graz, Austria, and began his career as an academic at the Technical University of Braunschweig, Germany, where he also completed his doctorate. Following a number of career stages in financial and risk management, including CFO and CRO positions for insurance companies in Germany and Switzerland, Jurecka joined Munich Re (Group) where he was appointed to the Board of Management of the ERGO Group in 2011. His responsibilities as ERGO’s CFO include strategic planning, risk management and financial communication.
Reallocation of Responsibilities
The Supervisory Board as of August 2018 decided to reallocate responsibilities within the Board of Management.
The Special and Financial Risks division (SFR) is disbanded. Those units of SFR that operate globally are allocated to Global Clients/North America (GC/NA), while those units with a European focus are assigned to Europe/Latin America (EU/LA).
Responsibility for reinsurance business in Germany is reallocated from the Germany, Asia-Pacific, Africa (GAPA) division to EU/LA, “since they share the same regulatory environment and have similar business models.”
Peter Röder will continue to head the GC/NA division. Doris Höpke will assume responsibility for the expanded EU/LA division in addition to her current remit of Labor Relations and Human Resources. Hermann Pohlchristoph will remain responsible for property-casualty reinsurance in Asia, Pacific and Africa.