PRINCETON, N.J.--(BUSINESS WIRE)--Joe Stuhl has been named Senior Vice President, Broker Executive, for Munich Reinsurance America, Inc.’s (Munich Re, US) Reinsurance Division.
Stuhl will report to Munich Re, US Reinsurance Division (RD) President, Steve Levy, and will serve on the RD Executive Leadership Team.
“In this new role, Joe will take the lead in further developing our relationships with the reinsurance brokers,” Levy said, “as we seek to grow our broker market business, consistent with Munich Re’s risk appetite and underwriting strategy. Joe is well known and extremely well respected in the broker community and thus the ideal candidate to enhance our strategic positioning in this area.”
Previously, Stuhl was a RD Client Manager and oversaw some of the division’s most successful broker relationships. Stuhl first joined Munich Re, US in 2003 as a Casualty Team Leader in the Broker Market business unit. Prior to that, Stuhl held positions at XL Re, Swiss Re America, and Wausau Insurance. He received his bachelor’s degree from Temple University, Fox School of Business and Management and M.B.A. from Drexel University, LeBow College of Business.
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 2015, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.1bn on premium income of over €50bn. It operates in all lines of insurance, with more than 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. Munich Re's primary insurance operations are concentrated in the ERGO Group. ERGO is 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 2015, ERGO posted premium income of €17.9bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re's global investments (excluding insurance-related investments) amounting to €215bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.