ATLANTA--(BUSINESS WIRE)--Munich Re, U.S. (Life) is pleased to announce the promotion of Michael Taht to executive vice president of research, analytics and underwriting and the promotion of Marc-André Giguère to executive vice president, reinsurance.
Taht joined Munich Re in 2008 and has been responsible for marketing and pricing for both the Individual Life and Living Benefits lines of business as well as the underwriting and medical department. Prior to joining Munich Re, he was a principal with Towers Perrin, a large international actuarial consulting firm, where he focused on issues such as securitization of individual life business, mortality issues, and appraisals of both life reinsurance and life insurance companies. In his new role, Taht will oversee all biometric research and integrated analytics efforts. Munich Re’s advanced predictive analytics capabilities and mortality/morbidity expertise are driving significant changes to streamline underwriting new life and disability insurance business, improve speed-to-market, and positively impact the customer experience. He will continue to oversee underwriting and will be based out of the company’s Atlanta, Georgia office.
As executive vice president of reinsurance, Giguère assumes leadership of marketing, pricing and inforce management for the U.S. Individual Life, Living Benefits and Group Reinsurance lines of business. He will have bottom line accountability for all lines of business and ownership of delivering Munich Re’s service offering to our U.S. Life customers. Giguère joined Munich Re in Canada in 2015 and previously worked in the U.S. for 20 years with Ernst & Young and Towers Perrin. Marc will be based in the company’s newly expanded New York City office.
“Munich Re is embracing industry disruption and working with our clients to drive the future of the life insurance industry,” commented Michael DeKoning, president and CEO, Munich Re, U.S. (Life) “Mike and Marc’s deep experience and knowledge of the market is a tremendous asset to our clients and their teams are strongly positioned to provide exceptional technical expertise, consistent risk management, financial stability to our customers.”
Munich American Reassurance Company—Munich Re, U.S. (Life), founded in 1959, is one of the largest reinsurers in the U.S. offering life and disability reinsurance to insurance companies throughout the United States. The company also writes group, credit and other reinsurance products. Headquartered in Atlanta, with offices in Chicago and New York, the company is licensed, accredited or authorized in all fifty states; Washington, D.C.; Guam; and Puerto Rico.
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2016, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €2.6bn. It operates in all lines of insurance, with over 43,000 employees throughout the world. With premium income of around €28bn from reinsurance alone, it is one of the world’s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in ERGO, one of the leading insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2016, ERGO posted premium income of €16.0bn. Munich Re’s global investments (excluding insurance-related investments) amounting to €219bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.